CEO of BlackRock Larry Fink thinks the Ether ETF will likely be accepted even if the Securities and Exchange Commission (SEC) considers Ethereum to be a security. Fink’s recent remarks demonstrate the SEC’s evident presence and considerable interest in looking into whether Ether qualifies as a security. This could result in more oversight being placed on Ether.
These ETFs do, however, have certain intrinsic drawbacks, such as the constant presence of compliance problems. Fink would rather hold onto his optimism about the future of an Ether ETF.
BlackRock submitted an application to the SEC to establish an ether spot ETF, together with seven other issuers. The agency’s decision in May was most likely in the positive range, but the expert notes that even in that case, it is obvious that the outcome will be unfavorable.
Fink pointed out that the iShares Bitcoin Fund (IBIT), the first Bitcoin ETF in history, has amassed over $15 billion in assets in just five months since its introduction, making it the most successful ETF in history.In this interview with Fox Business on Wednesday, Larry claimed that IBIT is the “fastest growing ETF in the history of ETFs.”
Because of its explosive growth, Bitcoin has been identified as a key factor in promoting transparency and liquidity in the market. Nonetheless, he finds it surprising that there haven’t been any hiccups in the technology’s widespread adoption.
He declared, “Look, I’m really bullish on the long-term viability of bitcoin.” “I’m pleasantly surprised that we’re creating a market with more liquidity and transparency—I never would have predicted that in the past.” He continued
Fink stated, “We’ll see,” when he disclosed his intentions to investigate the Ether market going forward, even if he did not disclose a strategy for an Ether ETF.
