BlackRock’s Bitcoin ETF nearly failed on multiple occasions, and CEO Fink was once skeptical of Bitcoin.

Bloomberg ETF analyst James Seyffart has disclosed that BlackRock’s Bitcoin ETF launch nearly aborted on multiple occasions. While internal executives had already begun preparations for the ETF’s rollout, CEO Larry Fink remained skeptical of Bitcoin. The project weathered multiple challenges including internal board disputes and the FTX collapse, facing near-cancellation risks several times. Now, BlackRock operates the world’s largest spot Bitcoin ETF.

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