“I believe Ether ETFs hold value and are a natural progression in the tokenization process,” Fink stated in a CNBC interview.
Fink emphasized that he sees cryptocurrencies as an asset class and considers them an alternative store of value. Comparing Bitcoin to gold, he noted that BTC is a defensive asset and has a limited supply, which sets it apart.
In addition to BlackRock, other financial giants such as Fidelity and VanEck have also submitted applications for spot Ethereum ETFs with the SEC. While some experts predict that approvals may be granted as early as May, JP Morgan analysts believe that the likelihood of ETFs being approved for Ethereum in the spring is low.
Interestingly, the final decision to approve spot Bitcoin ETFs was reportedly influenced by the voice of SEC Chairman Gary Gensler, who has been vocal about his concerns and skepticism towards cryptocurrencies.
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