Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»BlackRock’s Larry Fink points to the value of the crypto asset class Ethereum ETF.
BLOCKCHAIN NEWS

BlackRock’s Larry Fink points to the value of the crypto asset class Ethereum ETF.

By Crypto FlexsJanuary 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock’s Larry Fink points to the value of the crypto asset class Ethereum ETF.
Share
Facebook Twitter LinkedIn Pinterest Email

A day after the launch of the spot BTC ETF, BlackRock CEO Larry Fink likened Bitcoin to gold but predicted it was unlikely the cryptocurrency would be used as a currency.

BlackRock’s CEO spoke to CNBC about digital assets, ETFs and tokenization, with the world’s largest asset manager looking to increase the value of its spot Ethereum (ETH) ETF into another offering, following the successful launch of the same fund backed by Bitcoin (BTC). He mentioned that he was viewing it as a cryptocurrency-related investment product. , the largest token in cryptocurrency.

Fink said BlackRock sees cryptocurrencies as a promising asset class, and its Bitcoin utility is focused on storing and protecting wealth similar to the popular yellow metal. His comments also alluded to BTC’s hard-coded 21 million supply ahead of the halving in April, touting scarcity as a factor in future price increases.

BlackRock was one of 11 issuers approved by the Securities and Exchange Commission (SEC) to begin trading spot Bitcoin ETFs on registered national exchanges such as Nasdaq. The new ETF basket recorded more than $2 billion in trading volume on its first day, as Wall Street and TradFi joined the cryptocurrency’s 15-year chorus.

The center of gravity of cryptocurrency is shifting from San Francisco to Wall Street. If approved, we expect to see pension funds, family offices and other investors who have historically been very skeptical finally dipping their toes into this new asset class. Perhaps we are getting closer to the next bull market.

Bam Azizi, Mesh Co-Founder and CEO

Fink’s firm applied for a spot ETH ETF shortly after bidding on its BTC counterpart. However, it is unclear whether the SEC will approve such a product following its approval of a spot BTC ETF.

In a statement following approval, SEC Chairman Gary Gensler emphasized that existing financial laws apply to most cryptocurrencies. Gensler pointed out that the Grayscale ruling essentially expedited the SEC’s decision, emphasizing that approval of the BTC ETF does not constitute approval of Bitcoin or any other blockchain digital asset.

Gensler specifically mentioned Bitcoin as a “non-secure commodity,” which is not a designation for other cryptocurrencies such as ETH. In response, ARK Invest CEO Cathie Wood claimed Gensler disparaged cryptocurrencies with his comments, while SEC Commissioner Hester Peirce said the SEC had wasted legislative resources rejecting these products for over a decade.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025

BNB price is less than $1,300 on Meme Season Buzz

October 8, 2025

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Meanwhile, Bitcoin Life Insurer, Secures $82M To Meet Soaring Demand For Inflation-Proof Savings

October 7, 2025

Pepeto Presale Exceeds $6.93 Million; Staking And Exchange Demo Released

October 7, 2025

Eightco Holdings Inc. ($ORBS) Digital Asset Treasury Launches “Chairman’s Message” Video Series

October 7, 2025

Zeta Network Group Enters Strategic Partnership With SOLV Foundation To Advance Bitcoin-Centric Finance

October 7, 2025

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 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

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025

BNB price is less than $1,300 on Meme Season Buzz

October 8, 2025
Most Popular

How to add a guardian to Digital Vault

November 24, 2023

19b-4 Canary Capital File for HEDERA HBAR ETF

February 24, 2025

TRON ETF rumors are heated to the latest movement of Justin Sun. why?

March 21, 2025
  • 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.