BlackRock CEO “Surprised” by Bitcoin ETF’s Record-Breaking Demand

• Larry Fink says Bitcoin ETF demand has surpassed expectations.
• BlackRock’s iShares Bitcoin ETF (IBIT) is the fastest-growing ETF ever.
• IBIT ETF amassed over $37 billion in assets in 2024, ranking behind Vanguard’s VOO and iShares IVV.

BlackRock CEO Larry Fink has reaffirmed his bullish stance on Bitcoin, citing record-breaking demand for the firm’s iShares Bitcoin ETF (IBIT). “I’m very bullish on the long-term viability of Bitcoin,” Fink said in an interview with FOX Business News. 

He expressed surprise at the unprecedented retail interest in IBIT. “I would never have predicted we were going to see this type of retail demand,” he said. 

IBIT, launched in January 2024, has quickly become the fastest-growing ETF in history, overtaking Grayscale, the long-time leader in Bitcoin ETF investments.

Related: BlackRock to Launch Bitcoin ETP in Europe, Following US Success

IBIT’s Explosive Growth: A Shift in Sentiment?

Fink’s comments come as IBIT solidifies its position among the largest ETFs in the global ETF market. According to the ETFs’ performance report for 2024, IBIT ETF amassed over $37 billion in assets. This figure ranks third on the…

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