BlackRock CEO Lawrence Fink supported the approval of the Ethereum ETF. He also called for assessing cryptocurrencies as an asset class, and not as a means of mutual settlements.
“I see some value in Ethereum ETFs. This is just another step towards the tokenization of real assets. I really believe that this is where we are heading now,” Fink said.
Earlier, the CEO of BlackRock said that tokenization would become the next global trend in the field of crypto assets.
“[...] we have the technology for this. Imagine you have a virtual ID and your assets are tokenized. No more worrying about money laundering. This will completely eliminate corruption,” Fink emphasized.
He urged not to evaluate cryptocurrencies solely as a means of mutual settlements. In his opinion, this is an entire class of assets, the payload of which is not limited to payment for products and services.
BlackRock has already filed an application with the US Securities and Exchange Commission (SEC) to create a spot Ethereum ETF. Fidelity Investments, Invesco Galaxy and Grayscale Investments joined the company.
Some experts are confident that this class of funds will be approved in 2024. The motivation for this forecast was the launch of spot Bitcoin ETFs.
