According to TechFlow, on October 16, BlackRock CEO Larry Fink compared the development of the Bitcoin and cryptocurrency markets to the rise of the mortgage-backed securities (MBS) market in the early 1980s during the third-quarter earnings call.

Fink said the cryptocurrency market will experience a similar trajectory as analytical tools improve, data quality improves and industry standardization progresses.

BlackRock's recently launched Bitcoin ETF has accumulated more than $24 billion in net assets, while its Ethereum ETF attracted more than $1 billion in net inflows in the first two months of trading. Fink said the company will continue to develop innovative products to make investing more convenient and affordable.