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Larry Fink’s comment reveals BlackRock’s strong interest in crypto following the company’s application for a spot Bitcoin ETF. The Chief Executive Officer of asset management giant BlackRock Inc (NYSE: BLK) recently said there is “the need for crypto” among the company’s many clients. Fink revealed this in a Monday interview on Fox Business. BlackRock
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Rumors about spot bitcoin ETF approvals aside, Fink called the recent rally a “flight to quality.”. Source
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Sam Bankman-Fried, FTX’s founder and former CEO, is sparring about exactly what evidence the government can bring in support of charges that include wire fraud – and he's accused the DOJ of introducing corruption and campaign finance allegations through the back door. Bankman-Fried has pleaded not guilty, and the trial
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BlackRock officially announced its entrance into Bitcoin earlier this year by filing for a Spot Bitcoin ETF with the United States Securities
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Novogratz, CEO of crypto-focused financial services firm Galaxy Digital (GLXY), said Fink is "the most important thing that happened this year in bitcoin," because of BlackRock's application to list a spot bitcoin exchange-traded fund (ETF) in the U.S. in June. Source
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Appearing on CNBC following his company's second-quarter earnings report, the CEO of $8.5 trillion asset manager BlackRock (BLK) said "more and more" gold investors have been asking about the role of crypto over the last five years, highlighting the role exchange-traded funds (ETFs) have had in democratizing access to gold,
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“Arguments have been made that ETFs, as well as bitcoin exchanges, ignore what some believe is the single most important feature of bitcoin, the ability to control their funds without the need to place trust in a third-party to manage the asset,” said Jim Iourio, managing director of TJM Institutional
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BlackRock's CEO once called Bitcoin an “index of money laundering.” Now he’s changed his tune. Source
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BlackRock CEO Larry Fink has taken a friendlier stance towards Bitcoin and the broader crypto space. Fink described Bitcoin as an international asset that he would like to democratize.BlackRock is looking to work closely with regulators in the U.S. to further Bitcoin adoption through a spot BTC ETF. Larry Fink previously dismissed
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Speaking at the New York Times Dealbook conference, Fink also said it looked like there were misbehaviors in FTX, but wouldn't speculate on whether BlackRock and venture-capital firm Sequoia, which had invested $214 million in FTX and has since marked that amount down to zero, were misled by FTX, Reuters
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