According to PANews, BlackRock CEO Larry Fink expressed his surprise at the performance of the Bitcoin ETF and reiterated his 'very optimistic' attitude towards the long-term viability of Bitcoin. In an interview with Fox Business on March 27, Fink said, 'IBIT is the fastest-growing ETF in history. No product in the history of ETFs has been able to accumulate assets as quickly as IBIT. We are now creating a more liquid, more transparent market, which is very surprising to me. Before we submitted our application, I never anticipated that we would see this kind of retail demand.' Fink also stated, 'I am very bullish on the long-term survival of Bitcoin.'
Data from Farside Investors shows that IBIT performed strongly in its early trading days, attracting a total of $13.5 billion in inflows in the first 11 weeks, with a single-day high of $849 million on March 12. The average daily inflow for IBIT is slightly more than $260 million.