BlackRock CEO Larry Fink, once a crypto skeptic, has softened his stance on digital currencies, with BlackRock’s iShares Bitcoin Trust ETF becoming the largest US-listed bitcoin ETF with over $70 billion in assets. Fink sees tokenization as crypto’s opportunity to transform traditional finance. However, volatility remains a concern, with Fink noting that bitcoin is heavily influenced by leveraged players. BlackRock and other firms are awaiting Senate approval on the Clarity Act to solidify the regulatory framework for tokenized assets. Coinbase CEO Brian Armstrong hopes for a Senate vote on the act within a few months to reduce high-risk activities in the crypto market.

Read more at Yahoo Finance: ‘My thought process has evolved’