BlackRock hits $69 billion milestone after 2 years

It was on Jan. 11, 2024, that BlackRock (NYSE: BLK) had launched its spot exchange-traded fund (ETF) linked to Bitcoin (BTC). I remember how the crypto industry felt then. The world's largest asset manager had finally conceded it could no longer avoid cryptocurrency, and my colleagues just couldn't believe a Wall Street giant had launched a Bitcoin product. Related: BlackRock reveals retail traders' next portfolio move A crypto ETF trades like regular shares on a traditional trading exchange like Nasdaq ...