BlackRock has over $10.6 trillion in assets under management (AUM), up 13% from the previous year, and cites ETFs as a driver of its success.
Its spot BTC ETF (IBIT) holds over 300,000 BTC, worth nearly $20 billion.
CEO Larry Fink admitted on CNBC that he was wrong about Bitcoin after calling it “worthless” in October 2021.