Fink’s Bullish Outlook on Bitcoin
During the interview, Fink highlighted his bullish sentiment towards Bitcoin, stating, “I’m very bullish on the long-term viability of Bitcoin.”
Fink says that he was pleasantly surprised at the significant rise in Bitcoin’s value, while the market’s liquidity and transparency enhanced after the approval of BlackRock’s spot Bitcoin ETF.
He remarked, “We are creating now a market that has more liquidity, more transparency, and I’m pleasantly surprised.”
The proud CEO also spoke about the remarkable success of BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), labelling it as the “fastest-growing ETF in the history of ETFs.” He noted the substantial inflows into IBIT which crossed his initial expectations.
Ethereum ETF Potential Approval Despite Regulatory Challenge
Addressing the potential approval for Ethereum ETFs, Fink expressed his confidence in their feasibility. When questioned if BlackRock can list an ETF holding of Ethereum even if the U.S. Sec classifies it as a ‘security’, the CEO, in a positive tone, stated, “I think so.”
Although many details and more clarifications have not been given by BlackRock CEO Lary Fink on the listing of or chances of approval of Ethereum ETFs, it is to be noted that Fidelity has already filled S-1 Form for its ETH exchange-traded fund, after Grayscale. Needless to say, BlackRock being a high market player, there are high chances BlackRock will not miss out on this opportunity to expand its business.
All in all …
Fink’s bullish stance on Bitcoin and optimism regarding Ethereum ETFs have a significant impact on the sentiment of the cryptocurrency market. His validation of Bitcoin’s long-term prospects as well as the potential approval of Ethereum ETF shows us the transformative impact of digital assets on traditional finance.
