Odaily Planet Daily reports: Bitcoin News posted on X that Bloomberg ETF analyst @JSeyff revealed that, despite BlackRock executives having begun preparations to launch a Bitcoin ETF, Larry Fink once expressed skepticism toward Bitcoin. The project was reportedly nearly shut down multiple times due to internal board discussions and events such as the FTX collapse; currently, BlackRock operates the world’s largest spot Bitcoin ETF.
BlackRock's Largest Spot Bitcoin ETF Project Nearly Stopped Multiple Times
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Summary
Bitcoin ETF news broke as Bloomberg analyst @JSeyff revealed BlackRock’s internal challenges in launching its spot Bitcoin ETF. Despite executive preparations, CEO Larry Fink remained skeptical. The project nearly stalled multiple times due to board debates and the FTX collapse. BlackRock now manages the world’s largest spot Bitcoin ETF. The ETF news underscores the project’s eventual success after overcoming major obstacles.
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