Larry Fink ‘very bullish’ on Bitcoin after IBIT’s record-breaking performance
IBIT's record breaking performance has made BlackRock CEO Larry Fink "very bullish" about its long-term viability.
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Novogratz believes that the influx of new money into Bitcoin combined with several macro factors could lead to unprecedented adoption.
Analysts believe the in-kind creation model will give Hong Kong-based Bitcoin ETFs a significant edge for their US counterparts.
Grayscale's CLO noted that issues resolved during Bitcoin ETF approval process is applicable to Ethereum ETFs.
The exchange will begin accepting applications on April 8.
IBIT and FBTC have accounted for more than half of the year-to-date net flows for both companies in less than 50 days of trading.
Mitchnick said that BlackRock expects Bitcoin to become an integral part of the financial system in the coming decade.