Larry Fink Acknowledges Shift in Bitcoin Stance, Leads Largest Bitcoin ETF

2025-12-28 13:06

BlackRock CEO Larry Fink has publicly acknowledged his significant change in perspective on Bitcoin, from previously labeling it an "index for money laundering" in 2017 to now leading the largest Bitcoin ETF globally. Speaking at the DealBook Summit 2025 on December 4, Fink highlighted his evolving views, which began to change around 2021-2022 after engaging with industry experts. Fink now sees substantial future use cases for Bitcoin, marking a stark contrast to his earlier criticisms. This shift is exemplified by BlackRock's current position as the holder of the world's largest Bitcoin ETF, which Fink described as a clear demonstration of his changed outlook on the cryptocurrency.

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