Posted 1/12/2024, 1:05:00 PM
BlackRock CEO Larry Fink Supports Ethereum ETF Idea After Bitcoin ETF Launch, Sees Crypto as New Asset Class
- BlackRock CEO Larry Fink backed the idea of an Ethereum (ETH) exchange-traded fund (ETF)
- This came a day after the much-anticipated bitcoin (BTC) ETF went live
- Fink sees value in tokenization and believes it is where things are heading
- BlackRock's Bitcoin Trust (IBIT) accounted for $1 billion of the $4.6 billion trading volume from new bitcoin ETFs
- Fink does not see crypto as currency but as an asset class, comparing bitcoin's role to that of gold