Larry Fink, CEO of BlackRock, has reclassified Bitcoin as a distinct asset class. This signals increasing acceptance and interest from institutional investors in Bitcoin.
BlackRock's BITO Bitcoin ETF plays a central role in this transformation, having rapidly achieved a market valuation of $23 billion.
This development underlines Bitcoin's emerging status and legitimacy as a significant option for institutional portfolios.
Source: en.coinotag.com ↗