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BlackRock's Larry Fink says crypto will transcend any one currency

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'We are working with our regulators,' BlackRock CEO Larry Fink said Friday, speaking about an application for a spot bitcoin ETF. 'If BlackRock's name is going to be on it, we're going to make sure that it's safe and sound and protected.'

with CNBC, referring to crypto on broad terms."It has a differentiating value versus other asset classes, but more importantly, because it's so international, it's going to transcend any one currency."

"If you just look at the value of our dollar, how it depreciated the past two months and how much it appreciated over the last five years, a international crypto product can really transcend that," he."And that's why we believe there's great opportunities. And that's why were seeing more and more interest. And that interest is broad-based, worldwide."

The asset manager last month filed an application with the Securities and Exchange Commission for a spot bitcoin ETF, triggering a widespread rally in the sector. The SEC has yet to approve a spot bitcoin fund."We believe we have a responsibility to democratize investing," Fink said, commenting on broader growth in the ETF market and highlighting how gold funds had brought down the costs of transactions for the metal."Now, with crypto, the idea of democratizing that role...

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