BlackRock's Larry Fink has a blunt response to exit rumors
BlackRock, Inc. (NYSE: BLK) CEO Larry Fink has shut down rumors of his exit from the firm, saying:
I'm not planning to leave BlackRock anytime soon, so you don't have to have those questions later on.
Fink, who co-founded BlackRock in 1988, put an end to such speculations while speaking to an audience at the firm's annual investor day in New York City on June 12.
The firm is the world's largest asset manager that managed $11.5 trillion in assets under management (AUM) as of 2024. It is also among the first Wall Street giants to include crypto-linked funds among its offerings.
Under Fink's leadership, the asset manager launched a spot Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust (IBIT) in January 2024.
As per SoSoValue, IBIT held $72.55 billion in net assets as of 11 June, making it the largest such fund in the world. The fund accounts for 3.35% of total Bitcoin share.
Fink also oversaw the launch of a spot Ethereum ETF called the iShares Ethereum Trust (ETHA) in July 2024 which held $4.54 billion in net assets. This fund accounts for 1.34% of total Ethereum share.
The firm also stated its goal of becoming the world's largest crypto asset manager by 2030 so as to manage more than $50 billion in AUM. It also plans to expand crypto-linked funds to Europe and Canada.
In the past, BlackRock selected Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange, to provide crypto trading and custody services to institutional clients of Aladdin, the asset manager's end-to-end investment management platform.
It also manages the Circle Reserve Fund, backing the stablecoin issuer's reserves.
In addition, BlackRock also manages $2.89 billion in BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund.
Overall, the firm said its goal is to reach more than $35 billion in revenue and $280 billion in market capitalization by 2030.
BlackRock's Larry Fink has a blunt response to exit rumors first appeared on TheStreet on Jun 12, 2025
This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
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