🚨Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential🚨
**Larry Fink Declares Bitcoin an Asset Class**

BlackRock CEO Larry Fink has proclaimed bitcoin as a legitimate asset class, comparable to gold. He emphasized its growing acceptance and liquidity during BlackRock's Q3 2024 earnings call. Fink noted that the firm’s bitcoin ETF has attracted $23 billion in inflows and highlighted the success of their newly launched Ethereum ETF, which saw over $1 billion in just two months.

Despite potential regulatory changes, Fink believes market growth will stem from broader acceptance rather than regulation. He emphasized the importance of transparency, liquidity, and analytics in driving the digital asset market, drawing parallels to past financial market evolutions. Fink also discussed the rise of central bank digital currencies, particularly in emerging markets, predicting that blockchain technology will significantly enhance the financial landscape.
#CanaryLitecoinETF #TrumpDeFi

😱Breaking: Canary Capital Files For Litecoin ETF In The US🚨
Investment management firm Canary Capital has filed an application for Litecoin ETF product with the US SEC
Canary Capital makes another push for Litecoin ETF in the US
The firm previously filed application for XRP ETF
Uncertainty still looms on whether these products will gain US SEC approval
Litecoin ETF: Can It Make the Difference
For one reason most do not know, Litecoin is rarely regarded as a security by the US SEC. Notably, the digital currency is one of the oldest assets in the industry with complete utility status. This push for an LTC ETF product is the first of its kind filed in the United States.

Canary Capital has a high praise for Litecoin as an asset. The firm reiterated in its S-1 filing that Litecoin is one of the longest running blockchains with 100% uptime. It believes Litecoin will offer investors access to enterprise-grade use cases.

The push for a Litecoin ETF succeeds the XRP ETF application filed by Canary Capital earlier this month. With this product, the number of digital currencies linked directly to regulated funds is now growing.

First, 21Shares and VanEck filed applications for Solana ETF with the US SEC earlier this year. Though both application saw their removal from the Cboe Website, it remains on the horizon for proponents in the digital currency ecosystem.
Notably, the chances of approval for these products is considered slim, until Litecoin ETF joined the list. While there are exising ETP products in Switzerland and Germany, the United States’s only institutional LTC exposure is from Grayscale. This is considered a stepping stone for the asset to finally gain regulatory approval for the ETF demand.

With Litecoin generally considered a commodity, it remains to be seen how the US SEC will approach application from Canary Capital filing.

Notably, the coin celebrated its 13th year anniversary recently. Despite this, the coin has lost its ranking to newer projects as its price fell by more than 83% from its All-Time High of $412.96. #CanaryLitecoinETF