Following the smash success of BlackRock’s spot Bitcoin exchange-traded fund (ETF), CEO Larry Fink has expressed optimism towards a similar fund for Ethereum. In an interview Friday, Fink stated “I see value in having an Ethereum ETF.” His comments come after BlackRock’s spot Bitcoin ETF (IBIT) garnered over $1 billion in trading volume on its first day Thursday.
Keypoints
- BlackRock CEO Larry Fink sees value in a spot Ethereum ETF following the successful launch of the company’s Bitcoin ETF product (IBIT).
- BlackRock filed for a spot Ethereum ETF in November 2022, with speculation approval could come as early as May 2023.
- BlackRock’s Bitcoin ETF (IBIT) reached $1.05 billion in trading volume on its first day.
- Fink said he believes asset tokenization is the future and that blockchain technology can help eliminate corruption.
- Multiple major asset managers like BlackRock, Ark Invest, VanEck and Fidelity have…
