BlackRock CEO Larry Fink optimistic on Ethereum ETF even if ETH is a security

SEC’s low attention poses a challenge to the approval of Ethereum ETFs. Larry Fink says he thinks an Ethereum ETF may still be approved even if the SEC classifies it as a security. GSR analyst lowers Ethereum ETF approval chance to 20%. Ethereum ETF approval took more twists on Wednesday after Larry Fink, CEO of $10 billion asset manager BlackRock, said he thinks a spot Ethereum ETF can still come to the market even if the Security and Exchange Commission classifies it as a security.

Also read:XRP ETF is likely to get approved before Ethereum: Valkyrie Funds CIO However, the SEC has been slow in responding to applications and has left many doubts due to its poor engagement with firms submitting applications. Fortune has also reported on the SEC's attempt to classify Ethereum as a security after the Commission issued subpoenas to three firms based on their transaction with the Ethereum Foundation.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance Chain Tokens Trends With SEC Rejection of BlackRock's Ethereum ETFeTukTuk can help you get massive returns while waiting for Ethereum ETFs
Source: Utoday_en - 🏆 295. / 63 Read more »

BlackRock to launch tokenized fund on Ethereum as battle for ETF intensifiesEthereum (ETH) could be set for further growth after $10 trillion asset manager BlackRock announced on Tuesday it's launching a tokenized asset fund on the largest smart contracts blockchain.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Spot Ethereum ETF approval has 'no positive signs,' says ETF expertBloomberg Senior ETF Analyst Eric Balchunas believes that the odds of an ether ETF garnering approval are 'a very pessimistic 25%.'
Source: TheBlock__ - 🏆 464. / 53 Read more »

BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17BBlackRock’s CEO Larry Fink says the firm’s iShares Bitcoin Trust is the “fastest growing ETF in the history of ETFs.”
Source: Cointelegraph - 🏆 562. / 51 Read more »

BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a SecurityHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

BlackRock's ETF could flip GBTC in Bitcoin holdings within 3 weeksBlackRock’s Bitcoin ETF could flip Grayscale’s Bitcoin Trust in terms of total Bitcoin held within the next 3 weeks.
Source: Cointelegraph - 🏆 562. / 51 Read more »