Blackrock’s Larry Fink on Bitcoin, ETF Filing, and Crypto Democratization
Larry Fink, the chairman and CEO of Blackrock, the world’s largest asset manager, recently discussed bitcoin, crypto investing, and the company’s spot bitcoin trust ETF filing in an interview with Fox Business. Here’s the breakdown:
- Blackrock filed an application to launch a spot bitcoin trust ETF with the SEC.
- The price of bitcoin has soared since the filing, as the crypto community is optimistic about the approval of the first spot bitcoin ETF in the U.S.
- Blackrock has a strong track record of getting ETFs approved, with only one rejection out of 576 filings.
- Fink emphasizes the importance of working closely with regulators and addressing their concerns.
- He believes that tokenization of assets and securities, like bitcoin, can revolutionize finance and democratize crypto.
Hot Take: With Blackrock’s reputation and track record, there is a good chance that their spot bitcoin trust ETF will eventually be approved. Fink’s belief in the potential of bitcoin and blockchain technology further validates the growing acceptance of crypto in mainstream finance.
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