Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»BlackRock CEO Is Optimistic About Spot Ethereum ETF After Bitcoin Fund Success
EXCHANGE NEWS

BlackRock CEO Is Optimistic About Spot Ethereum ETF After Bitcoin Fund Success

By Crypto FlexsJanuary 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock CEO Is Optimistic About Spot Ethereum ETF After Bitcoin Fund Success
Share
Facebook Twitter LinkedIn Pinterest Email

Following the huge success of BlackRock’s spot Bitcoin exchange-traded fund (ETF), CEO Larry Fink expressed optimism about a similar fund for Ethereum. In an interview on Friday “I see the value of owning an Ethereum ETF,” Fink said. His comments come after BlackRock’s spot Bitcoin ETF (IBIT) recorded more than $1 billion in trading volume for its first day on Thursday.


key point

  • BlackRock CEO Larry Fink confirmed the value of the Ethereum ETF following the successful launch of the company’s Bitcoin ETF product (IBIT).
  • BlackRock filed for a spot Ethereum ETF in November 2022, and speculation approval could come as early as May 2023.
  • BlackRock’s Bitcoin ETF (IBIT) reached $1.05 billion in first-day trading volume.
  • Fink believes asset tokenization is the future and blockchain technology can help eliminate corruption.
  • Several major asset managers such as BlackRock, Ark Invest, VanEck, and Fidelity have applied for spot Ethereum ETFs.

Industry observers speculate that BlackRock’s planned Ethereum ETF could receive approval as early as May. The company applied for the fund in November 2022, apparently emboldened by the Securities and Exchange Commission’s (SEC) tentative approval of a spot Bitcoin ETF after years of resistance.

Like Bitcoin, BlackRock’s proposed Ethereum Trust would store assets on Coinbase. The world’s largest asset manager appears intent on taking the lead in introducing cryptocurrencies into the mainstream investment world.

larry pink @black stone :
1) It is worth it #Ethereum ETF
2) The future of finance is tokenization
3) Transparent ledgers and tokenized systems eliminate corruption when digital identities are added to the mix. pic.twitter.com/YcNhpU3fun

— Bill Hughes: wchughes.eth ???? (@Bill HughesDC) January 12, 2024

Fink emphasized his belief that tokenization of assets is the future of finance. “This is just a stepping stone towards tokenization and I really believe this is where we are going,” he said. Fink said that with blockchain being programmable and enabling partitioned ownership, the technology could “eliminate all the corruption” compared to traditional systems.

In addition to BlackRock, major financial companies such as Fidelity, Ark Invest, VanEck, etc. have already submitted Ethereum ETF applications to the SEC. The first decision deadline for applications is May 23 for Ark and 21Shares. Follow-up decisions on BlackRock and Fidelity are expected in the middle of the year.

Industry analyst Eric Balchunas said there is a 70% chance a spot Ethereum ETF will be approved by May. Investors seem to agree, with 58% of bets on prediction platform Polymarket expecting such approval by then.

The price action also indicates that the market sees great potential. 2023 is off to a slow start for Ethereum, but expectations for the ETF have helped fuel Ethereum’s 13% rally over the past two weeks. Meanwhile, as interest in the diversity of cryptocurrency investment options grows, Bitcoin rises only 3.7% over the same period.

Fink explained that Bitcoin provides a new type of “digital gold” store of value, while platforms like Ethereum greatly expand the possibilities. The “programmability” of smart contract networks allows all kinds of financial assets to be represented and traded via blockchain. This opens up a whole new realm of tokenized securities being traded efficiently on-chain 24/7.

The case for institutional investment strengthens as Ethereum moves to a much more energy-efficient proof-of-stake consensus and delivers cost-saving scalability upgrades.

Observers speculate that a successful Ethereum spot ETF could bring a new flood of mainstream capital to the cryptocurrency market. If asset tokenization through blockchain begins to disintermediate traditional finance, Ethereum is expected to become an important underlying infrastructure.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analysts predict a 1,500% rally when PEPE price reaches $0.00012.

October 30, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

Humanity protocol price rises by 70% with launch of sustainable digital ID

October 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Radiant Capital hacker transferred 5,400 ETH to Tornado Cash: PeckShield.

October 31, 2025

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025

By The End Of 2025, Everyone Should Know The Best Way To Increase Wealth.

October 31, 2025

Aster’s Rocket Launch Surpasses $1B In Trading Volume, As Nubila Joins With Over 6 Million $NB In Rewards

October 31, 2025

SBF’s

October 31, 2025

Open Miner Cloud Mining Revolutionizes Cryptocurrency Mining, Generating Up To $32,000 In Daily Profits.

October 31, 2025

Analysts predict a 1,500% rally when PEPE price reaches $0.00012.

October 30, 2025

Unibase (UB), Humanity (H), And ConstructKoin (CTK) Are This Week’s Crypto Winners As Decentralized Infra Shines

October 30, 2025

Let AI Work For You — Empowering Everyone To Profit From The Intelligence Era

October 30, 2025

NOWPayments Launches $0 USDT (TRC20) Network Fee Offer For New Partners

October 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Radiant Capital hacker transferred 5,400 ETH to Tornado Cash: PeckShield.

October 31, 2025

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025
Most Popular

3 reasons why Ethereum remains below $3,900

May 30, 2024

Vitalik Buterin talks about Ethereum’s 2024 roadmap.

January 1, 2024

Avalanche Foundation Announces Launch of New Visa Spending Card Connected to Self-Custody Wallet

October 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.