BlackRock's Bitcoin ETF Surges
This is a news story, published by Yahoo Finance, that relates primarily to Donald Trump news.
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•A big Wall Street winner from Trump's bitcoin bump: BlackRock
74% Informative
BlackRock 's spot bitcoin exchange-traded fund ( IBIT ) has swelled by $13 billion since Donald Trump ’s win on Nov. 5 .
The iShares Bitcoin Trust has crossed the $40 billion in assets just 10 months after its launch.
BlackRock CEO Larry Fink was once a "proud skeptic" of bitcoin, but now his money management giant is emerging as one of the biggest beneficiaries of a post-election surge in enthusiasm.
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