Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has explained why he shifted from skepticism to advocacy for bitcoin, viewing the cryptocurrency as “digital gold” and a hedge against economic instability. “I believe bitcoin is legitimate,” he emphasized, adding: “I do believe there’s a real […]
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Bitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock’s IBIT Sheds $445 Million
Key TakeawaysU.S. spot bitcoin ETFs lost $445 million on June 26, a seventh straight day of redemptions.Blackrock’s IBIT absorbed nearly...
