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BlackRock CEO Sees Value In An Ethereum ETF

By adminJanuary 15, 20241 Mins read829 Views

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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