Larry Fink, BlackRock’s CEO is bullish about Bitcoin. The firm’s Spot Bitcoin ETF became the fastest growing ETF ever. BlackRock’s CEO Larry Fink told Fox Business that he was bullish on Bitcoin. “very bullish on the long-term viability” The leading crypto asset.
Fink says that the iShares ETF is performing far better than expected, with a huge inflow of money since it was launched on January 11th. Grayscale Bitcoin ETF has seen its performance overtaken by the ETF. BlackRock’s Bitcoin ETF’s performance has been impressive, as it is currently climbing stock charts. Fink also believes the ETF can grow more, even though its outperformed expectations.
“We’re creating a market that has more liquidity, more transparency,” Fink says this in an interview. “I’m pleasantly surprised and would have never predicted before we filed it that it would see [this].”
Also Read: BlackRock Bitcoin ETF Holdings Surpass OKX & Kraken Combined
![blackrock bitcoin btc etf](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/BlackRock-Bitcoin-ETF-Holdings-Surpass-OKX-Kraken-Combined.jpeg)
Additions by the CEO “IBit ETF is the fastest growing ETF in the history of ETFs.” BlackRock ETF BTC Holdings have surpassed those of OKX and Kraken crypto exchanges. The fact that OKX launched in 2011 and Kraken in 2017, is a remarkable feat. IBIT has over 240,00 bitcoins, and the price is just below $40.
Market capitalization for Bitcoin ETFs is over $55 billion. Bitcoin’s price soared to its highest level ever after Spot Bitcoins ETFs were approved in January 2024. It reached over $73,000. BTC was valued at $73,000 as of press time. trading At $68,600.
BlackRock has confirmed the importance Bitcoin plays in overall financial markets financial system. The CEO of the company reinforcing the bullish sentiment surrounding the BTC ETF is only going to benefit IBIT’s performance.
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Source: watcher.guru