Posted 3/29/2024, 10:00:00 AM
Bitcoin ETFs Explode in Popularity, Surprising BlackRock CEO Fink
- BlackRock CEO Larry Fink surprised by explosive growth of Bitcoin ETFs like the firm's iShares Bitcoin Trust ETF (IBIT)
- IBIT gained $10B in assets in first few weeks, now has $17B, making it fastest growing ETF ever
- Bitcoin price hit fresh all-time high of $71K this week amid rising adoption and demand
- Interest in Bitcoin rivaling gold - Bitcoin ETFs gained $50B in assets in just 57 days vs 5+ years for gold ETFs
- Fink very bullish on long-term viability of Bitcoin, though some remain skeptical of Bitcoin ETFs vs physically-backed assets