Reported 3 days ago
BlackRock has become a significant beneficiary of a post-election bitcoin surge following Donald Trump’s victory, with its spot bitcoin ETF (IBIT) seeing inflows of $13 billion, pushing total assets to over $40 billion in less than a year. Once a skeptic of cryptocurrency, CEO Larry Fink now recognizes its mainstream acceptance, as pro-crypto sentiments gain traction with potential new policies under a Trump administration. Other companies, like Coinbase and MicroStrategy, are also experiencing substantial stock gains as the cryptocurrency market expands.
Source: YAHOO