Wu said that BlackRock CEO Larry Fink said in an interview with CNBC: "My view five years ago was wrong. I believe Bitcoin is a legitimate financial instrument." He also said that Bitcoin is a legitimate financial asset that everyone should hold. BlackRock announced on Monday that its assets under management (AUM) reached $10.6 trillion in the second quarter. Currently, its BTC ETF IBIT holds more than 300,000 BTC, making it the largest public holder of Bitcoin.