BlackRock CEO Very Bullish as Bitcoin ETF Hits $17B

BlackRock CEO Larry Fink pleasantly surprised by strong retail demand for firm's Bitcoin ETF.

Azcnews (4)

BlackRock CEO Larry Fink expressed his delight at the impressive performance of his firm’s recently launched Bitcoin exchange-traded fund (ETF) and reiterated his optimistic outlook on Bitcoin’s long-term prospects.

In an interview with Fox Business on March 27, Fink remarked on the unprecedented growth of the iShares Bitcoin Trust (IBIT), describing it as the fastest-growing ETF in history in terms of asset accumulation. He admitted to being pleasantly surprised by IBIT’s performance over its initial 11 trading weeks, highlighting its remarkable achievement of attracting $13.5 billion in flows during this period, with a notable daily peak of $849 million on March 12.

Fink emphasized the evolution of a market characterized by enhanced liquidity and transparency, attributes he hadn’t anticipated to such a degree prior to the ETF’s launch. Reflecting on IBIT’s success, he acknowledged that its performance had exceeded his expectations, indicating his strong bullish sentiment towards Bitcoin’s enduring viability.

Currently holding $17.1 billion in Bitcoin, IBIT swiftly reached the $10 billion milestone within just two months, a feat that took the first gold ETF two years to accomplish, according to BitMEX Research. Despite trailing behind the Grayscale Bitcoin Trust in terms of Bitcoin holdings, IBIT remains a significant player in the ETF landscape, alongside other leading funds such as the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).

However, amidst the success stories, industry experts caution that not all ETF issuers may thrive in this competitive market. Hector McNeil, co-CEO and founder of ETF provider HANetf, predicts that many ETFs may struggle to break even due to high costs unless they amass billions in assets under management. Some issuers have already adjusted fees to remain competitive, but smaller players face a formidable challenge in competing against industry giants.

Related: Fifth Largest Bitcoin Whale Awakens After 5 Years

The approval of Hashdex’s spot Bitcoin ETF on March 27 adds to the growing competition in the US market, further intensifying the battle among ETF providers seeking to establish themselves in the burgeoning cryptocurrency investment landscape.

(23 votes)

4.6/5

(23 votes)
  1. Avatar of Victor
    Victor

    Congratulations to the growth of his company

  2. Avatar of Nura
    Nura

    Good

  3. Avatar of
    Anonymous

    This 🌎 is about to change

  4. Avatar of Nuru Ali Othman
    Nuru Ali Othman

    Hi

  5. Avatar of JunaidKhan
    JunaidKhan

    BlackRock CEO Very Bullish as Bitcoin ETF Hits $17B

Comments are closed.

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533