BlackRock CEO Larry Fink reiterated that his company is "pleased" with spot Bitcoin (BTC) exchange-traded fund (ETF) performance and is "very optimistic" about Bitcoin's long-term viability. "IBIT is the fastest-growing ETF in the history of ETFs. Nothing in the history of ETFs has accumulated assets as quickly as IBIT," he said.

IBIT is off to a strong start, with $13.5 billion in flows in the first 11 weeks. "We're now creating a market with more liquidity, more transparency, and I'm pleased. Before I filed this, I never would have guessed we'd see this kind of retail demand," Fink said.

IBIT currently owns $17.1 billion worth of Bitcoin according to BitMEX Research and took just two months to reach the $10 billion mark. Some experts in the industry predict that some of the spot Bitcoin ETF issuers may eventually close due to lack of profits.

Asset management company Hashdex, the 11th and latest entrant in the competitive spot Bitcoin ETF market in the United States, had its spot Bitcoin ETF approved on March 27. What do you think this means for the future of Bitcoin? We are waiting your comments!#Bitcoin#ETF #BlackRock