BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17B

BlackRock’s CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF.“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 FinkFink said the iShares Bitcoin Trust’s performance has even “surprised” him at how well it has performed over the first 11 trading weeks.

Of all the currently approved ETFs, IBIT only trails the Grayscale Bitcoin Trust in Bitcoin holdings — at $23.6 billion in BTC. Grayscale's Bitcoin holdings have continued to slip, however, down fromThe nine-spot Bitcoin ETF issuers now hold over $34.1 billion in Bitcoin, with IBIT, the Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF leading inflows.shut down due to a lack of profits.

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