BlackRock’s CEO Shows Bullish Stance on Bitcoin
BlackRock CEO Larry Fink expressed his delight at the robust retail demand for the company’s spot Bitcoin ETF, stating that he has been pleasantly surprised by its performance.
Fink reiterated his strong belief in the long-term sustainability of Bitcoin, highlighting the impressive growth of the iShares Bitcoin Trust (IBIT).
In an interview with Fox Business on March 27, Fink noted that IBIT has achieved remarkable success, becoming the fastest-growing ETF in history.
He emphasized the extraordinary inflows of $13.5 billion within the first 11 weeks of trading, with a peak daily volume of $849 million on March 12, as reported by Farside Investors. The average daily inflow for IBIT stands at over $260 million.
Fink attributed the success of IBIT to the enhanced liquidity and transparency of the market, expressing surprise at the level of retail demand.
He admitted that he had not anticipated such significant interest before the ETF was launched.
