BlackRock CEO Larry Fink said he sees importance in the emergence of an Ethereum-ETF. He spoke about this in a CNBC television interview. Last November, the world's largest investment company already applied to list a spot exchange-traded fund on Ethereum.
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“I see value in creating an Ethereum ETF. These are just steps on the path to tokenization, and I really believe that we will move in this direction,” Fink said.
Fink noted that cryptocurrencies are an asset class, not currencies. Cryptocurrencies, according to BlackRock CEO, are an alternative store of value, a defensive asset.
Read: On the first trading day, the spot Bitcoin ETF sold $4 worth of shares .6 billion
Fink also explained that he views ETFs for various assets as the first stage of the technological revolution. This, according to him, will be followed by tokenization of all types of financial assets.
Earlier, the Ministry of Finance wrote that on January 10, the SEC approved 11 applications from issuers of spot Bitcoin ETFs, this waited 10 years. The commission has denied companies registration for such a trading instrument many times before.
The approval of 11 spot Bitcoin ETFs has sparked optimism among investors about the potential approval of an Ethereum ETF. Against this background, there was a sharp increase in the rate of the leading altcoin.