💡 BlackRock almost shut down its Bitcoin ETF several times
Bloomberg ETF analyst Eric Balchunas (@JSeyff) revealed the internal struggles at BlackRock.
Even while top executives were already preparing the launch of the spot Bitcoin ETF, Larry Fink himself remained skeptical of BTC. Due to board disputes and the FTX collapse, the project was on the verge of being completely cancelled multiple times.
Today, BlackRock manages the world’s largest spot Bitcoin ETF.
From nearly total failure to market leadership. Classic.
#ETF #BlackRock #BTC $BTC
Bloomberg ETF analyst Eric Balchunas (@JSeyff) revealed the internal struggles at BlackRock.
Even while top executives were already preparing the launch of the spot Bitcoin ETF, Larry Fink himself remained skeptical of BTC. Due to board disputes and the FTX collapse, the project was on the verge of being completely cancelled multiple times.
Today, BlackRock manages the world’s largest spot Bitcoin ETF.
From nearly total failure to market leadership. Classic.
#ETF #BlackRock #BTC $BTC