In a recent interview on FOX Business, BlackRock CEO Larry Fink expressed surprise at the significant increase in Bitcoin spot ETFs, specifically those managed by his firm. BlackRock, overseeing $10 trillion, has seen a remarkable surge in Bitcoin's presence in the U.S. crypto ETF market.

Fink admitted to being bullish on the long-term future of Bitcoin, noting its recent milestone of reaching $72,850. He acknowledged the cryptocurrency's unexpected growth and expressed his pleasant surprise at the progress made since the ETF was filed.

BlackRock's iShares Bitcoin Trust ETF, known as IBIT, garnered an impressive $10 billion within its launch weeks and now holds $17 billion in assets. This places IBIT in direct competition with Grayscale's GBTC, which currently manages $23 billion in assets.