IBIT

Larry Fink Admits Bitcoin Error as BlackRock’s IBIT Hits Record

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.

iShares Bitcoin Trust ETF (IBIT) Marks Strong Performance Since 2024 Launch – cover image
iShares Bitcoin Trust ETF (IBIT) Marks Strong Performance Since 2024 Launch

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.