BlackRock CEO Larry Fink To Share Insights On Bitcoin And Ethereum ETF

Technology

BlackRock CEO Larry Fink To Share Insights On Bitcoin And Ethereum ETF – Crypto News

Published

1 year ago

March 27, 2024

Dripp

BlackRock CEO Larry Fink is tipped to share insights on the cryptocurrency market and wider macroeconomic factors in the United States market.

In a March 27 post on X (formerly Twitter), FOX Business Eleanor Terrett informed the community about Fink’s appearance to discuss developing market updates.

“GM! We will have #crypto’s favorite renaissance man, @BlackRock CEO Larry Fink, on with @LizClaman and @CGasparino today at 3 PM EST on @FoxBusiness. Tune in!”

Crypto users have suggested an analysis of the trending spot Bitcoin and anticipated Ethereum ETFs in the United States as the market rebound continues. Others talked about getting their portfolio in one hand waiting for the bull run around to assets. Amidst the frenzy, X user @afealdemir jokes about the SEC and Ripple case in light of recent revelations.

“We at the SEC will be tuning in and we would like to issue an official warning… If Larry or Charlie talk about our demand of 2 billion being “a bit out there”, we will increase our request tenfold! We will also declare Fox News as an unregistered security.”

The State of Bitcoin and Ethereum ETFs

Spot Bitcoin and Ethereum ETFs will be a major talking point following BlackRock’s ETF approval and the trending events last year. The largest asset manager applied for a spot in Bitcoin ETF last year, a move that attracted several traditional investors to the market.

Fink has since commented positively on the crypto market with clients demanding assets from various jurisdictions. This year, investor appetite for Bitcoin investment products has skyrocketed pushing the asset’s price above $70,000. The total yearly net inflows to Bitcoin products stand at $11.9 billion spiking Assets Under Management (AUM) to $68 billion.

BlackRock’s Ethereum ETF Delays

Ethereum ETFs on the other hand remain pending with firms like BlackRock aiming to have a new investment window tied to the leading altcoin. The recent success of spot Bitcoin ETFs led industry executives to tip Ethereum as the next hotspot for crypto-based ETFs.

BlackRock filed its Ethereum ETF application in November and was included in the recent delays by the Securities and Exchange Commission (SEC). The financial regulator’s biggest concern may be the staking nature of the network. Last year, the SEC fined Kraken over staking as it continued its bottleneck regulation on the market.

BlackRock’s CEO may give insights on the recent state of Ethereum’s ETF as well as key developments in the financial market.