Key facts: BlackRock's IBIT ETF tops $90B; price target raised to $1300; Fink endorses Bitcoin
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- BlackRock's IBIT ETF has surpassed $90 billion in assets under management, ranking it among the top 20 U.S. ETFs, reflecting strong institutional inflows amid recent market volatility.1
- Keefe, Bruyette & Woods has raised the price target for BlackRock (BLK) to $1300.00 per share, up from the previous target of $1215.00.2
- BlackRock CEO Larry Fink now views Bitcoin as a valid alternative investment, akin to gold, according to a recent CBS 60 Minutes interview.3