BlackRock's potential successor to Larry Fink, who opposed the BTC spot ETF, has resigned

Mark Wiedman, a senior executive at BlackRock who is classified as an anti-cryptocurrency advocate, has announced his resignation. He was a potential successor to BlackRock CEO Larry Fink and had worked at BlackRock for 20 years.

Meanwhile, Robert Mitchnick, head of digital assets at BlackRock, the world's largest asset manager, said in a recent interview with Bloomberg, “BlackRock's Bitcoin spot ETF, IBIT, has been in the market for just over a year, and 2024 has been an incredible year for the ETF.” He added, “I think the level of Bitcoin penetration is still in its early stages.”