$10 trillion BlackRock's CEO said he was 'very bullish on the long-term viability of bitcoin.'
Larry Fink, the co-founder, chairman and CEO of $10 trillion asset manager BlackRock, said he was "pleasantly surprised" at the retail response for his firm's spot bitcoin ETF and declared that he was "very bullish on the long-term viability of bitcoin."
Speaking to Fox Business' Charlie Gasparino and Liz Claman on Wednesday, Fink commented briefly on BlackRock's iShares Bitcoin Trust , saying, "We would never have predicted it before we filed it that we were going to see this type of retail demand." "That surprised me how much gone up... We're creating now a market that has more liquidity, more transparency," said of being involved in bitcoin.
According to The Block's bitcoin ETF data page, IBIT has accumulated $16 billion in assets under management and north of 40% of all bitcoin ETFs' daily trading volumes. Claman noted that IBIT, which went to market in January, looks like it is about to overtake Grayscale's spot bitcoin ETF , the latter having first existed in a previous form for over a decade. Fink proclaimed, "IBIT is the fastest-growing ETF in the history of ETFs.
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