BlockBeats News, March 25th - In his 2026 annual letter to shareholders, BlackRock CEO Larry Fink has emerged as one of Wall Street's most bullish supporters of Bitcoin and cryptocurrency, predicting that cryptocurrency and other high-growth markets at BlackRock could become a $5 billion revenue source "over the next five years."
A November report revealed that BlackRock, through its market-leading Bitcoin spot ETF, manages nearly 800,000 Bitcoin worth $55 billion on behalf of clients, currently generating around $250 million in fee revenue annually from its iShares Bitcoin Trust ETF. Furthermore, BlackRock's dollar institutional digital liquidity fund (Buidl) has become the world's largest tokenized fund, with its assets under management exceeding $2 billion last year.
Fink stated: "BlackRock has already established an early leadership position in bringing institutional-grade products to the digital market, with almost $150 billion of the assets we manage related to digital assets."
