Bitcoin

BlackRock

<ul class="news-points">
 <li>Larry Fink has expressed surprise at the remarkable surge in Bitcoin spot ETFs.</li>
 <li>BlackRock ETF attracted $10 billion within its initial weeks and now boasts $17 billion in assets.</li>
 <li>The figure places IBIT in close competition with Grayscale’s GBTC, which currently holds $23 billion in assets.</li>
</ul>
In a recent <a href="https://www.foxbusiness.com/markets/bitcoin-etf-blowout-wows-even-blackrocks-larry-fink.amp" target="_blank" rel="noopener noreferrer nofollow">interview</a> on FOX Business, BlackRock CEO Larry Fink expressed astonishment at the remarkable surge in <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin spot exchange-traded funds (ETFs)</a>, particularly those managed by his firm. With <a href="https://coinedition.com/blackrocks-tokenized-fund-bolsters-ethereums-tvl-and-liquidity/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> overseeing $10 trillion, Fink’s admission of surprise underscores the unprecedented feat of Bitcoin’s ascent in the U.S. crypto ETF market.
“I am very bullish on the long-term viability of Bitcoin,” Fink declared, acknowledging the cryptocurrency’s recent milestone of hitting a record-breaking high of $72,850. Reflecting on the market’s rapid growth, he remarked:
<blockquote class="wp-block-quote is-style-default">
 That surprised me how much that’s gone up… I’m pleasantly surprised. And I would never have predicted it before we filed it.
</blockquote>
BlackRock’s iShares Bitcoin Trust ETF, trading as IBIT, attracted a staggering $10 billion in its initial weeks and now boasts $17 billion in assets. This figure puts …
The post <a href="https://coinedition.com/blackrock-ceo-shocked-by-explosive-growth-of-bitcoin-etfs-amid-overseeing-10t/" rel="noopener noreferrer nofollow">BlackRock CEO Shocked by Explosive Growth of Bitcoin ETFs Amid Overseeing $10T</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BlackRock CEO Shocked by Explosive Growth of Bitcoin ETFs Amid Overseeing $10T

Coin Edition

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