BlackRock CEO Larry Fink Backs Ether ETF
Summary
Larry Fink, CEO of BlackRock, supports the idea of an Ethereum (ETH) exchange-traded fund (ETF), following the recent launch of a Bitcoin (BTC) ETF. BlackRock's iShares Bitcoin Trust (IBIT) was among the first to debut in the U.S., accounting for about $1 billion of the total $4.6 billion trading volume. The company may now consider listing a similar product for Ethereum's native token. Fink sees tokenization, or representing assets as tokens on the blockchain, as a way to eliminate issues like money laundering. He views cryptocurrency not as a currency, but as an asset class, likening Bitcoin to gold in terms of its protection against geopolitical risk.
