BlackRock's $15T Boss Goes "Very Bullish" on Crypto — Leverage, Exited; Vibes, Immaculate

Larry Fink, CEO of $15 trillion asset manager BlackRock, said he is "very bullish" on the crypto market over the next 12 months, pointing to the absence of excessive leverage in Bitcoin as a driver of recent price stability. In remarks to CNBC, Fink stated he is no longer concerned about leverage buildup in the Bitcoin market, a factor he tied to the steadier trading range for the largest cryptocurrency.

The comments arrived as inflows into spot Bitcoin ETFs resumed following a quieter stretch, with fresh capital returning to products from issuers including BlackRock. Spot Bitcoin ETFs had recorded renewed net inflows in recent sessions, reflecting a broader pickup in investor demand for regulated Bitcoin exposure.

Fink's remarks coincided with a cooler-than-expected U.S. CPI print of 3.5%, which contributed to improved risk sentiment across crypto markets. Bitcoin price has traded in a narrower range during the period, a shift Fink attributed in his CNBC interview to the unwind of leveraged positions that previously pressured the market.

Beyond Bitcoin, Fink used the interview to highlight spending on data centers, chips, and infrastructure tied to artificial intelligence and related technologies. BlackRock, which manages roughly $15 trillion in assets, has expanded its crypto offerings over the past two years, including the launch of its spot Bitcoin ETF.

Spot Bitcoin ETFs continue to attract institutional and retail capital as regulatory frameworks and custody providers mature, with the products serving as the primary on-ramp for traditional investors seeking exposure to $BTC without direct token ownership. Fink did not provide specific price targets, and his remarks were limited to directional views over the stated 12-month horizon.