10 months ago
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Larry Fink shares his views
BlackRock CEO Larry Fink said he “sees value” in the Ethereum (ETH) spot ETF. This was said in an interview regarding the successful launch of the Bitcoin Spot ETF. The US CNBC reported on the 12th.
Regarding the trading volume of each company on the first day of Bitcoin spot ETF trading, BlackRock was in second place with approximately 145 billion yen ($1 billion). Grayscale ranked first with approximately 303 billion yen ($2.09 billion).
connection: Bitcoin spot ETF trading volume on first day exceeds $4 billion, led by Grayscale
Mr. Fink said that it is unclear whether a legal judgment will be required regarding the security of other crypto assets (virtual currencies) such as Ethereum before they are approved, but the Ethereum spot ETF will be approved. It sounds like it has some significance.
Mr. Fink said he sees value in this as it serves as a stepping stone to the tokenization of various assets. Real-world asset (RWA) tokenization is an area that is gaining attention from the financial industry and investors.
connection:Why investors are interested in real asset tokenization and what is Real World Assets (RWA)?
What is RWA?
Abbreviation for “Real World Asset.” RWA that is tokenized on the blockchain includes real assets such as real estate, artwork, trading cards, and securities such as stocks and bonds.
Virtual currency glossary
What is the possibility of Ethereum spot ETF approval?
BlackRock applied for an Ethereum spot ETF last November. Fidelity, VanEck and other companies have also applied, with VanEck and others expected to be the first to announce their results in May.
However, major bank JP Morgan believes the SEC is unlikely to approve it in May. Approval would require the SEC to classify Ethereum as a commodity rather than a security, but we’re guessing that decision won’t be made until May.
SEC Chairman Gensler has said that staking platform stocks are considered securities, although he has not specifically identified them as Ethereum.
connection: Ethereum spot ETF approval possibility by May, JP Morgan analysis: “50% or less”
“Bitcoin becomes more legal”
BlackRock CEO Fink appeared on Fox Business in the US and gave his thoughts on Bitcoin as follows:
If you have concerns about your government, or fear that governments are running too many deficits and devaluing fiat currencies, Bitcoin is a potentially long-term investment. It can be said that it can be a means of storing value.
He goes on to say that the emergence of Bitcoin ETFs is an example of how it is becoming more lawful. He also said that the Bitcoin ledger is cross-border.
connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks
The post BlackRock CEO talks about Ethereum spot ETF and Bitcoin appeared first on Our Bitcoin News.
English (US) ·