BlackRock CEO Bullish Bitcoin Says ETH ETF Still Possible Even if SEC Brands ETH Security
BlackRock CEO Larry Fink said he is “bullish on the long term viability of Bitcoin” and thinks an ETH exchange traded fund (ETF) may still be possible even if the U.S. Securities and Exchange Commission (SEC) brands ETH a security.
In an interview with Fox Business on Wednesday, BlackRock’s Fink was asked about the recently launched iShares Bitcoin Trust trading under the ticker symbol “IBIT” and the huge inflows.
“IBIT is the fastest growing ETF in the history of ETFs. Nothing has been getting assets as fast as IBIT,” responded Fink.
“I’m very bullish on the long-term viability of Bitcoin,” said Fink. “I mean, look as we’re creating a market that has more liquidity and more transparency — and I’m pleasantly surprised … I would never have predicted it before we filed it [IBIT] that we were going to see this type of retail [demand]” adds Fink.
The Fox Business host went on to ask Fink about the ETH ETFs and the SEC making lots of noise about declaring ETH a security which will take it out of the Bitcoin category as a commodity. How would this impact BlackRock’s ETH ETF application?
Fink stressed he cannot discuss the BlackRock ETH ETF application in more detail but when pushed by the host about what will happen if the SEC brands ETH a security — it is still possible to start a ETH ETF?
“I think so,” responded Fink.
Currently the status of Ethereum is in limbo – ETH is not considered a security by the U.S. Securities and Exchange Commission (SEC) — but this could all change very quickly.
It has been widely reported that a number of U.S. based companies have received subpoenas attempting to label ETH as a security.
Ethereum is viewed as a decentralized cryptocurrency, rather than a security. However, regulatory agencies like
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