Posted 3/27/2024, 8:06:00 PM
BlackRock CEO: Ether ETF Still Possible Even if Deemed a Security, With 8 Firms Including BlackRock Having Filed for Approval
- BlackRock CEO Larry Fink said an Ether ETF would be possible even if ETH is deemed a security by the SEC
- The SEC is investigating whether Ether should be classified as a security, which would increase regulatory scrutiny
- 8 potential issuers, including BlackRock, have submitted Ether ETF filings to the SEC, with a decision expected in May
- BlackRock's Bitcoin ETF, iShares Bitcoin Fund (IBIT), has over $15B in assets after 2.5 months, making it the fastest growing ETF ever
- When asked if an Ether fund was next for BlackRock, Fink said "we'll see"