BlackRock Inc (BLK.N) has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend – the race to build a bitcoin fund.

The world’s largest asset manager on Friday reported earnings that beat Wall Street expectations, due in no small part to aggressive investments in ETFs that track all sorts of financial markets. Investors are flocking to the relatively low-cost investments.

But when asked about a recent proposal by a competitor to build a “leveraged” ETF that would rise – or fall – twice as fast as the price of bitcoin on a given day, Fink was dismissive.

READ FULL ARTICLE HERE