$BTC BlackRock Chief Executive Officer Larry Fink said he sees value in an Ethereum ETF. Not only that, he also sees crypto more broadly as an investment asset class, not just currency.

"This is just a stepping stone towards tokenization and I really believe this is where we are going," said Fink, as quoted by Coindesk, Friday (12/01).

BlackRock is currently known to be fighting for the next asset class, namely the iShares Ethereum Trust, to be approved by US authorities. The plan is that this product will be discussed on January 25 and decided on August 7.

He revealed this after the Bitcoin Spot ETF was approved by the Securities and Exchange Commission (SEC) in the United States. Trading in the digital asset issued by BlackRock, iShares Bitcoin Trust (IBIT), has reached US$1 billion.