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CEO Larry Fink Bullish on Bitcoin as IBIT ETF Hits $17.1B

Published 03/28/2024, 04:54 PM
Updated 03/28/2024, 05:15 PM
© Reuters CEO Larry Fink Bullish on Bitcoin as IBIT ETF Hits $17.1B

  • IBIT became the fastest-growing ETF, amassing $13.5B in just 11 weeks.

  • Larry Fink is bullish on Bitcoin as IBIT holds $17.1B in BTC.

  • Spot Bitcoin ETF market grows, exceeding $34.1B across nine issuers.

BlackRock CEO Larry Fink recently revealed his optimism regarding Bitcoin’s future while paying tribute to the success of the firm’s spot Bitcoin ETF, IBIT. Launched lately, IBIT has received impressive attention, becoming the fastest-growing ETF in the industry’s history, as claimed in a March 27 interview with Fox Business.

Under Fink’s leadership, BlackRock’s involvement in the crypto world with the iShares Bitcoin Trust (IBIT) has exceeded all expectations, attracting $13.5 billion in just 11 weeks of trade. This success story marks a new chapter for the investment firm, with Fink acknowledging the unexpected high demand from retail investors. Larry Fink said:

“IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the history …

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