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CDS Crypto News CEO Larry Fink Hints They May Take Action on Ether ETF

Crypto News

CEO Larry Fink Hints They May Take Action on Ether ETF

As part of its tokenization journey, BlackRock CEO Larry Fink said the business would try to list a product that is comparable to Ether, the native token of the Ethereum blockchain.

lectertodd12/01/20241 Mins read169

CEO Larry Fink Hints They May Take Action on Ether ETF

Crypto News – A day after the highly anticipated Bitcoin ETF launched, BlackRock CEO Larry Fink supported the idea of an Ether ETF.

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CEO Larry Fink Hints They May Take Action on Ether ETF

After the SEC’s approval, BlackRock’s iShares Bitcoin Trust (IBIT) has been one of the products traded in the US since Thursday. IBIT accounted for about $1 billion of the ETFs’ total trading volume of $4.6 billion.

I see value in having an Ethereum ETF. These are just stepping stones towards tokenization and I really do believe this is where we’re going to be going.
Fink

Fink Describes Bitcoin as an Asset Class That Protects People

According to Fink, money laundering and corruption problems can be solved by tokenization. Fink also said that he did not see cryptocurrencies as a kind of currency but rather as an asset class, referring to bitcoin in particular as “an asset class that protects you” from concerns over geopolitical risk.

It’s no different than what gold represented over thousands of years. Unlike gold, we’re almost at the ceiling of the amount of bitcoin that can be created.
Fink

Sources:coindesk

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Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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