Approving the Bitcoin spot ETF, BlackRock CEO Larry Fink said that it is valuable to own the Ethereum spot ETF.
As the Spot Bitcoin ETF’s impact on the crypto market continues, all eyes are on what will happen next. As Coinrapor, we discussed three important developments awaiting the crypto market in 2024. Bitcoin halving, Spot Ethereum ETF and US elections will be the defining themes of this year.
After the Spot Bitcoin ETF, attention turned to the Ethereum ETF. BlackRock CEO Larry Fink told Reuters he has given the green light to the Ethereum ETF.
Statements from BlackRock CEO regarding the course of crypto
Larry Fink, CEO of trillion-dollar asset management company BlackRock, conveyed his views to Reuters. Fink talked about the course of the cryptocurrency market and the Spot ETH ETF.
The spot Bitcoin ETF, which the crypto industry has been eagerly awaiting, was approved by the SEC on January 10. Following SEC approval, Spot Bitcoin ETF began trading on January 11.
BlackRock CEO Larry Fink told Reuters that BlackRock’s Spot Bitcoin ETF is seeing large inflows like other Bitcoin ETFs. BlackRock’s ETF products accounted for 40% of yesterday’s inflows, Fink said.
SEC Chairman Gary Gensler raised questions among crypto investors by saying he approved spot Bitcoin ETFs but not Bitcoin. When Bitcoin’s situation in the USA became a matter of curiosity, Fink made a heart-warming statement. Fink expressed his belief that cryptocurrencies are an asset class rather than a currency.
Fink’s statement is important. As a global powerhouse, BlackRock’s approach to cryptocurrencies could be a factor in progress in the United States.
Speaking to Reuters, Fink made a critical statement, especially about spot ETH ETFs. Fink stated that it would be valuable to own spot Ethereum ETFs.
As it is known, companies that applied for the Bitcoin spot ETF also applied for the Ethereum spot ETF. According to the new calendar, the SEC will make its final decision on the Spot Ethereum ETF on May 23, 2024.
