Larry Fink, CEO of BlackRock, one of the world's biggest asset management firms, spoke on Fox Business about the growing demand for crypto.
He mentioned that clients worldwide are expressing a strong interest in cryptocurrency. Although he couldn't discuss the SEC application process for a Bitcoin spot ETF, he shared his thoughts on the recent crypto rally.
Fink suggested that this surge is a result of pent-up interest in crypto and attributed it to a flight to quality amid global concerns, such as the Israeli conflict and terrorism.
BlackRock, along with other financial giants, is eagerly awaiting the SEC's decision on whether they can issue a Bitcoin spot ETF
