BlackRock CEO Larry Fink conceded his earlier characterization of Bitcoin as an 'asset of fear' was mistaken, as the firm's iShares Bitcoin Trust (IBIT) posted a new record. The admission and the IBIT milestone highlight growing institutional acceptance of BTC.

The iShares Bitcoin Trust ETF (Ticker: IBIT), launched in January 2024, has shown impressive returns and strong trading activity, becoming the most traded bitcoin exchange-traded product. With a 1-year total return exceeding 77%, it stands as a promising option for crypto investors.