Bitcoin ETF · Bitcoin · Stability AI · 99Bitcoins
BlackRock’s Fink Calls Leverage ‘Wiped Out’ as Bitcoin ETFs Log $107.7 million Clean Sweep
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Spot Bitcoin ETF inflows are staging a clean comeback, and the world’s most influential asset manager handed the crypto market a high-profile vote of confidence.
Key facts
- BlackRock CEO Larry Fink told CNBC on July 15 that he is “bullish” on the crypto market over the next 12 months, comments that landed on the same day spot Bitcoin ETFs recorded $107.7 million in net
- Bitcoin was trading near $65,000 after a rebound, with an intraday range of $64,000 to $65,507 and trading volume holding steady at approximately $28 billion over the past few days
- BlackRock’s own IBIT, the iShares Bitcoin Trust, accounted for $80.8 million of the day’s total inflows
- The comments reflect a broader evolution: the CEO of a $15 trillion asset manager is no longer treating crypto as a speculative curiosity
Summary
Fink's Core Argument: Leverage Is Gone, Stability Is Real. BlackRock CEO Larry Fink told CNBC on July 15 that he is “bullish” on the crypto market over the next 12 months, comments that landed on the same day spot Bitcoin ETFs recorded $107.7 million in net inflows with zero outflows across the board. BlackRock’s own IBIT, the iShares Bitcoin Trust, accounted for $80.8 million of the day’s total inflows. Not a single competing fund recorded an outflow, making July 15 a rare clean sweep across the entire spot Bitcoin ETF category.