Larry Fink softens crypto stance as BlackRock boasts biggest US bitcoin ETF: 'My thought process has evolved'
BlackRock CEO Larry Fink, once a crypto skeptic, stated his "thought process has evolved" regarding digital currencies, as his firm's iShares Bitcoin Trust ETF (IBIT) has become the largest US-listed bitcoin ETF with over $70 billion in assets. Fink highlighted the potential of tokenization to reduce friction costs and streamline investing, advocating for regulatory clarity through legislation like the Clarity Act. The article underscores bitcoin's inherent volatility due to leveraged players but also BlackRock's increasing embrace of the digital asset space.
https://finance.yahoo.com/news/larry-fink-softens-crypto-stance-as-blackrock-boasts-biggest-us-bitcoin-etf-my-thought-process-has-evolved-184909682.html