BlackRock CEO: 'I See Value in Ether Spot ETFs'
“I see value in Ether ETFs. These are just steps on the path to tokenization, and I believe that we will move in this direction,” said Larry Fink in an interview on CNBC.
Fink added that he considers cryptocurrencies to be an asset class. In his opinion, cryptocurrencies are an alternative means of storing value. The head of BlackRock also believes that BTC is “no different” from gold and is a defensive asset. Moreover, Bitcoin, unlike gold, has a finite supply.
BlackRock, as well as others including Fidelity and VanEck, have already filed with the SEC for spot ether ETFs. Some experts predict that the first applications will be approved as early as May this year. However, according to analysts at JP Morgan, the approval of ETFs for airwaves in the spring is unlikely.
It recently became known that it was the voice of SEC Chairman Gary Gensler, who positions himself as an ardent opponent of cryptocurrencies, that became decisive in favor of approving spot Bitcoin ETFs.
