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BlackRock CEO Larry Fink praises the success of the Bitcoin ETF, highlighting it as the fastest-growing ETF in history. Fink also expresses confidence in the potential for an Ethereum ETF even if deemed a security by the SEC. The spot Bitcoin ETF by BlackRock has seen significant retail demand and amassed over 250,000 BTC, reaching $17.7 billion in assets under management in just 11 weeks since its launch.
NEW: 🇺🇸 Spot #Bitcoin ETFs bought 66,008 BTC in March, while miners only produced 28,513 #BTC https://t.co/8vaofAzWgX
JUST IN: BlackRock & Fidelity now hold 396,715 $BTC worth over $27.27 billion for their spot #Bitcoin ETFs.
A very bullish @BlackRock CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF. 🐂📈 https://t.co/CpkfwtPOPa