Posted 3/26/2024, 8:16:53 PM
BlackRock Launches Ethereum Token Fund, Boosting Institutional Adoption of Crypto
- BlackRock launched a tokenized fund on the Ethereum blockchain, bringing legitimacy to the network
- The move signals wider adoption of blockchain and crypto by institutional investors
- BlackRock wants to offer clients yield opportunities through tokenization
- The company previously succeeded with a Bitcoin ETF and now wants an ETH ETF
- Other major firms like Fidelity and Grayscale also seek approval for spot ETH ETFs
