Larry Fink, the CEO of BlackRock, has expressed his delight at the level of retail demand for the company’s spot Bitcoin ETF.
In a March 27 interview with Fox Business, Fink said that nothing has ever gained assets as fast as IBIT in the history of ETFs. Moreover, he also noted that the iShares Bitcoin Trust’s performance has exceeded his expectations over the first 11 trading weeks.
A Solid Start for IBIT
According to Farside Investors, IBIT has had a solid start to trading, attracting $13.5 billion in inflows in the first 11 weeks. It also with a daily high of $849 million on March 12. On average, IBIT attracts a little over $260 million in inflows per trading day.
Fink is pleased because the market now has higher liquidity and transparency. He stated that he would never have predicted such retail demand when they filed it. Moreover, it is also true that Larry Fink’s net worth will substantially increase after the success of the ETF as a whole. Additionally, when
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