BlackRock CEO Says Crypto Market More Stable After Deleveraging

The cryptocurrency market has suffered repeated crashes driven by highly leveraged speculation, and its volatility has long drawn scrutiny and skepticism from major traditional financial institutions worldwide. As the world’s largest asset manager, BlackRock’s stance on crypto carries significant weight. With its spot Bitcoin ETF attracting substantial inflows, the firm’s assessment of the market influences not only institutional capital flows but also the broader financial system’s confidence in digital assets.

BlackRock CEO Larry Fink said in an interview in mid-July 2026 that the crypto market had developed a healthier, more stable structure after multiple rounds of deleveraging and liquidations. He said BlackRock had increased its profit margin by 260 basis points through the use of technology and added $1 trillion in assets under management over the past year. Fink said he was highly optimistic about global markets over the next 12 months and expected technological advances including artificial intelligence to significantly boost corporate profits.