🏦 **BlackRock's Fink: 'Very Bullish' on Bitcoin and Markets Over Next 12 Months**
BlackRock CEO Larry Fink said he is very bullish on financial markets and on bitcoin's stability over the next 12 months, attributing this year's roughly $2 trillion crypto drawdown to excess leverage that has since washed out. He pointed to BlackRock's iShares Bitcoin ETF and record $15.3 trillion in assets under management as evidence of continued institutional demand.

**Why it matters:** Continued bullish signaling from the largest asset manager, alongside sustained ETF inflows, may reinforce institutional allocation trends into bitcoin and crypto-adjacent products despite recent volatility.
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