{"id":38698,"date":"2026-04-22T23:27:58","date_gmt":"2026-04-22T23:27:58","guid":{"rendered":"https:\/\/www.europesays.com\/people\/38698\/"},"modified":"2026-04-22T23:27:58","modified_gmt":"2026-04-22T23:27:58","slug":"blackrocks-fink-notes-pent-up-interest-after-fake-bitcoin-etf-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/38698\/","title":{"rendered":"BlackRock&#8217;s Fink notes \u2018pent-up interest\u2019 after fake bitcoin ETF news"},"content":{"rendered":"<p>In a Monday interview with Fox Business, Larry Fink, CEO of the world\u2019s largest asset manager, addressed the market\u2019s swift reaction to inaccurate reports that BlackRock\u2019s iShares spot Bitcoin ETF had secured approval from the US Securities and Exchange Commission.<\/p>\n<p>Amid the market tumult, bitcoin experienced a surge across multiple trading platforms. On the Binance bitcoin\/tether market \u2014 responsible for 8% of bitcoin\u2019s 24-hour trading volume \u2014 bitcoin peaked at $30,000, marking a 7% increase in approximately 30 minutes.<\/p>\n<p>This $2,000 surge in the asset\u2019s price caused widespread market volatility and pushed hourly liquidations past the $100 million mark, <a href=\"https:\/\/blockworks.co\/news\/bitcoin-etf-report-price-jump\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" node=\"[object Object]\">as Blockworks previously reported<\/a>. Bitcoin (<a href=\"https:\/\/blockworks.co\/price\/btc\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" node=\"[object Object]\">BTC<\/a>) has since retracted.<\/p>\n<p>BlackRock CEO <a href=\"https:\/\/blockworks.co\/tag\/larry-fink\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" node=\"[object Object]\">Larry Fink<\/a> noted that despite the inaccuracy of the reports, the market\u2019s response is indicative of the high level of latent demand for crypto products.<\/p>\n<p>\u201cI think it\u2019s just an example of the pent-up interest in crypto, and we\u2019re hearing from clients around the world about the need for crypto,\u201d Fink said. \u201cSome of this rally is way beyond the rumor, I think the rally today is about a flight to quality with all the\u2026issues around the Israeli war now [and] global terrorism,\u201d Fink said.<\/p>\n<p>Fink also observed a broader trend of investors seeking safer assets in uncertain times.\u00a0<\/p>\n<p>Read more: <a href=\"https:\/\/blockworks.co\/news\/base-tokenized-securities-coinbase-treasury-bond-etf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" node=\"[object Object]\">Tokenized short-term US Treasury ETF coming to Base<\/a><\/p>\n<p>\u201cThere\u2019s more people running into a flight to quality whether that is Treasurys, gold or crypto, depending on how you think about it,\u201d he said \u201cI believe crypto will play that type of role as a flight to quality.\u201d<\/p>\n<p>Get the news in your inbox. Explore Blockworks newsletters:<\/p>\n","protected":false},"excerpt":{"rendered":"In a Monday interview with Fox Business, Larry Fink, CEO of the world\u2019s largest asset manager, addressed the&hellip;\n","protected":false},"author":2,"featured_media":38699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[160],"tags":[711,710,25048],"class_list":["post-38698","post","type-post","status-publish","format-standard","has-post-thumbnail","category-larry-fink","tag-blackrock","tag-larry-fink","tag-spot-bitcoin-etf"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116450957842671844","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/38698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=38698"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/38698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/38699"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=38698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=38698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=38698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}