BlackRock CEO Optimistic About Ethereum ETF Despite SEC Scrutiny

Larry Fink and Ethereum logo

BlackRock CEO Larry Fink expressed optimism regarding the potential launch of an Ethereum ETF despite increased regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC). Fink’s remarks come amid speculation about the classification of Ethereum as a security by the SEC, which could affect the feasibility of an Ethereum ETF. Despite these challenges, Fink remains positive about the possibility of launching the ETF.

Listing ETH ETF

BlackRock CEO Larry Fink expressed optimism about the possibility of launching an Ethereum exchange-traded fund (ETF), even in the event that the U.S. Securities and Exchange Commission (SEC) designates Ethereum as a security. Fink remarked, “I think so,” when asked on Fox Business if BlackRock could proceed with listing an ETF holding Ethereum’s ether in such a scenario.

The SEC is reportedly investigating whether Ethereum should be classified as a security, raising concerns about the feasibility of an Ethereum ETF in the U.S. However, Fink’s confidence stands out as a positive outlook amidst this uncertainty.

SEC’s Decision Expected in May

Eight potential issuers, including BlackRock, have filed applications with the SEC to introduce a spot ether ETF to the market. The regulator is expected to make a final decision on these applications in May, with many industry experts anticipating rejection regardless of the SEC’s determination regarding Ethereum’s nature.

BlackRock, a major player in the cryptocurrency space, is also among the issuers of spot bitcoin ETFs. Its iShares Bitcoin Fund (IBIT) has rapidly accumulated over $15 billion in assets in just 2 1/2 months, making it the “fastest growing ETF in the history of ETFs,” according to Fink.

Fink expressed bullishness about bitcoin’s long-term prospects, highlighting the growing liquidity and transparency in the market. He stated, “We’re creating now a market that has more liquidity, more transparency, and I’m pleasantly surprised, and I would never have predicted that before.”

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.