Larry Fink: Sovereign Wealth Funds Bought Bitcoin Dip, Planning Multi-Year Holds
BlackRock CEO Larry Fink said on Thursday that sovereign wealth funds stepped in to buy the recent Bitcoin pullback and are not acquiring positions to trade but to hold them for years. Fink pointed to inflows into BlackRock’s IBIT—the largest spot Bitcoin ETF—as a key signal that state actors are accumulating with a multi-year horizon rather than chasing short-term gains.
That behavior matters because long-duration buyers can reduce available supply, help dampen volatility, and provide structural support for BTC price dynamics. The development reinforces the narrative of growing institutional adoption around spot ETFs and could prompt other large allocators to view Bitcoin as a strategic reserve asset. Market participants will be watching subsequent ETF flows and on-chain data for confirmation of a sustained, durable bid.