Blackrock

BlackRock CEO Larry Fink, once a vocal skeptic who called Bitcoin a tool for money laundering, has publicly reversed his stance. Speaking at the DealBook Summit, Fink acknowledged his ‘major turn’ on the cryptocurrency as his firm’s Bitcoin ETF now manages tens of billions of dollars.

Nasdaq is proposing to quadruple the daily options contract limit for BlackRock’s iShares Bitcoin Trust (IBIT) to one million, a level currently reserved for major stocks like Apple and Nvidia. The move is driven by massive trading volume and growing institutional demand, signaling Bitcoin’s maturation as a mainstream financial asset.

U.S. spot Bitcoin ETFs experienced a massive €782 million outflow in one day, with November on track to be the worst month for the products. BlackRock and Fidelity led the exits as Bitcoin’s price fell to a seven-month low, while altcoin ETFs saw inflows.