BlackRock CEO Larry Fink Will Share His Views on Bitcoin and Ethereum ETF
BlackRock CEO Larry Fink is expected to share his views on the cryptocurrency market and broader macroeconomic factors in the United States market.
In a March 27 post on FOX Business, X (formerly Twitter) Eleanor Terrett updated the community on Fink’s appearance to discuss emerging market updates.
Crypto users suggested analysis of Bitcoin and expected Ethereum ETFs trending in the US as the market recovery continues. Others talked about holding their portfolios, waiting for the bull to run into assets. Amidst the frenzy, X user @afealdemir jokes about the SEC and ripple case in light of recent revelations.
“We at the SEC are going to step in and issue a formal warning… If Larry or Charlie says our 2 billion request is “a little out there,” we will increase our request tenfold! We will also declare Fox News as an unregistered security.”
Status of Bitcoin and Ethereum ETFs
Spot Bitcoin and Ethereum ETFs will be a major topic of discussion following BlackRock’s ETF approval and the trend events of the past year. The largest asset manager applied to take part in the Bitcoin ETF last year, which attracted many traditional investors to the market.
Fink has since commented positively on the crypto market, with his clients seeking assets from various regions. Investors’ appetite has increased this year Bitcoin Investment products increased rapidly and the asset’s price rose to over $70,000. Total annual net inflows into Bitcoin products stood at $11.9 billion, with Assets Under Management (AUM) rising to $68 billion.
BlackRock’s Ethereum ETF Delays
Ethereum ETFs, on the other hand, remain on hold as firms like BlackRock aim to open a new investment window tied to the leading altcoin. The recent success of spot Bitcoin ETFs has led industry executives to view Ethereum as the next hot spot for crypto-based ETFs.
Black Rock The Ethereum ETF filed its application in November and has been implicated in recent delays by the Securities and Exchange Commission (SEC). The biggest concern for financial regulators may be the staking nature of the network. Last year, the SEC found that Kraken was overstaking as it maintained bottleneck regulation in the market.
BlackRock’s CEO can provide information on the latest status of Ethereum ETF and important developments in the financial market.
Also Read: Valkyrie CIO Predicts XRP Spot ETF Will Be Approved Before Ethereum ETF
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