Overview

• Larry Fink told CBS that crypto has a role similar to gold as an alternative asset for diversification.
• He cautioned investors that Bitcoin should not be a large portion of a portfolio and highlighted ongoing volatility.
• BlackRock’s iShares Bitcoin Trust remains the inflow leader, with roughly $65.26 billion in cumulative inflows and about $93.9 billion in assets under management.
• The ETF briefly neared $99.5 billion in assets before the latest market downturn, and its shares are still up more than 76% over the past year.
• Fink has also warned that worsening U.S. debt dynamics could erode the dollar’s reserve status and elevate digital assets’ importance.