BlackRock CEO Fink Goes from Bitcoin Skeptic to Advocate, Boosting Chances of Spot Bitcoin ETF Approval
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BlackRock CEO Larry Fink has gone from Bitcoin skeptic to advocate, boosting chances of a spot Bitcoin ETF approval.
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Fink is pushing the SEC to approve BlackRock's spot Bitcoin ETF, which could unlock billions in institutional investment.
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BlackRock's past role in the 2008 financial crisis contrasts with Bitcoin's origins as a response to bank bailouts.
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Fink made his name developing mortgage-backed securities, which contributed to the crisis Bitcoin aimed to avoid.
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The crypto industry is cautiously optimistic about Fink’s embrace of Bitcoin, despite his and BlackRock's controversial pasts.