Overview

• Speaking on CBS, the BlackRock CEO said crypto now has a place similar to gold as an alternative asset and is “not a bad” choice for diversification.
• Larry Fink urged caution on sizing, saying Bitcoin should not be a large portion of an investor’s portfolio due to its volatility.
• He walked back his 2017 critique that Bitcoin was the “domain of money launderers and thieves,” saying markets forced him to revisit earlier assumptions.
• BlackRock’s iShares Bitcoin Trust leads U.S. spot BTC ETFs with reported cumulative inflows of about $65.26 billion and assets near $94 billion after nearly touching $100 billion before a pullback.
• Recent turbulence saw broad crypto liquidations and a modest dip in IBIT’s share price, yet the fund logged a nine-day inflow streak as new money continued to enter, including significant retail demand.