The head of BlackRock is waiting for the emergence of Ethereum-ETF

BlackRock CEO Larry Fink said he sees importance in the emergence of Ethereum-ETF. He spoke about this in a television interview with CNBC. Last November, the world's largest investment company already applied to list a spot exchange-traded fund on Ethereum, writes RBC Crypto.

“I see value in creating an Ethereum ETF. These are just stepping stones on the path to tokenization, and I really believe that we will move in that direction,” Fink said.

Fink noted that cryptocurrencies are an asset class, not currencies. Cryptocurrencies, according to the CEO of BlackRock, are an alternative means of storing value, a protective asset.

Fink also explained that he views ETFs for various assets as the first stage of the technological revolution. This, he said, will be followed by the tokenization of all types of financial assets.

The approval of 11 Bitcoin spot ETFs has sparked investor optimism about the potential approval of an Ethereum ETF. Against this background, there was a sharp increase in the rate of the leading altcoin.

Source: Cryptocurrency

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