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Larry Fink flips on bitcoin, ‘digital gold’ not ‘index for money laundering’

In an about-face pivot, BlackRock CEO Larry Fink now believes bitcoin is a legitimate asset akin to ‘digital gold.’

$100M BlackRock BUIDL fund trolled on-chain

Shortly after BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL), trolls sent meme coins and NFTs to its address.

The ‘iShares XRP Trust’ appeared on the Delaware Department of State’s Division of Corporations site but was soon outed by BlackRock as fake.

In a now-deleted tweet, Cointelegraph reported that the SEC had approved an iShares spot Bitcoin ETF managed by BlackRock.

Short-selling shares in a DTC-eligible bitcoin ETF like Blackrock’s will likely become common, considering bitcoin’s volatility.