BlackRock CEO Sees Value In An Ethereum ETF
BlackRock CEO Larry Fink believes Ethereum ETFs hold value, sparking speculation that spot ETFs holding other cryptocurrencies will follow the approval of a spot Bitcoin ETF.
Over 58% of bets placed on Polymarket are in favor of an Ethereum ETF approval by the end of May. Several large asset managers have filed for ETH exchange-traded products, including BlackRock, Van Eck, Ark Invest & 21Shares, Fidelity, and Galaxy Research.
Van Eck will be the earliest to receive a reply from the SEC, with a deadline set for May 23. BlackRock’s deadline is set for early August.
(With inputs from Shikha Singh)
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