BlackRock’s CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF.
BlackRock CEO Larry Fink has been “pleasantly surprised” by the performance of his firm’s spot Bitcoin (BTC) exchange-traded fund (ETF) and has reiterated he's “very bullish” on the long-term viability of Bitcoin.
“IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the history of ETFs,” Larry Fink said in a March 27 interview with Fox Business.
Fink said the iShares Bitcoin Trust’s (IBIT) performance has even “surprised” him at how well it has performed over the first 11 trading weeks.
