In a recent interview, BlackRock CEO Larry Fink emphasized Bitcoin's potential as a digital gold and alternative asset. With $9T AUM at BlackRock, Fink's pro-crypto sentiment could have far-reaching effects.
his words could cause the price of certain assets to surge in what the user called the “Fink Pump.” At the time of publication, the BTC price was $30,473, having dropped by roughly 1% in the previous 24 hours.
with cryptocurrency exchange Coinbase acting as a surveillance partner. It’s unclear if the Securities and Exchange Commission will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
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