BlockBeats News, on March 25, in a letter to shareholders for the year 2026, BlackRock CEO Larry Fink has become one of Wall Street’s most optimistic supporters of Bitcoin and cryptocurrencies. He predicts that cryptocurrencies and BlackRock’s other high-growth markets “could become a $500 million revenue source within the next five years.”
A report in November showed that BlackRock manages nearly 800,000 Bitcoins valued at $55 billion for clients through its leading spot Bitcoin ETF. Currently, it earns about $250 million annually from its iShares Bitcoin Trust ETF. Additionally, BlackRock’s USD Institutional Digital Liquidity Fund (Buidl) has become the world’s largest tokenized fund, with assets under management exceeding $2 billion last year.
Fink stated, “BlackRock has established an early leadership position in bringing institutional-grade products to the digital markets. Currently, nearly $150 billion of the assets we manage are related to digital assets.” (Forbes)
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