Ethereum

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<a href="https://bitcoinworld.co.in/blackrocks-larry-fink-supports-ethereum-etfs-as-future-of-tokenization/" title="BlackRock’s Larry Fink Supports Ethereum ETFs As Future of Tokenization" rel="noopener noreferrer nofollow"></a>
BlackRock CEO Larry Fink has thrown his support behind an Ethereum (ETH) exchange-traded funds (ETFs).
<h3 id="span-style-font-weight-400-blackrock-s-larry-fink-sees-value-in-ethereum-etfs-future-of-tokenization-span">BlackRock’s Larry Fink Sees “Value” in Ethereum ETFs, Future of Tokenization</h3>
BlackRock CEO Larry Fink has thrown his support behind an Ethereum (ETH) exchange-traded fund (ETF), signaling the asset management giant’s growing interest in cryptocurrencies beyond bitcoin (BTC).
“I see value in having an Ethereum ETF,” Fink <a href="https://twitter.com/Cryptik1E/status/1745776244745289934" rel="noopener noreferrer nofollow">said</a>. “These ETFs are stepping stones towards tokenization, and I believe that’s where we’re headed.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Part 2: ETH ETF <a href="https://t.co/qnmB7azyQN" rel="noopener noreferrer nofollow">pic.twitter.com/qnmB7azyQN</a>
 — Cryptik1.eth |<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6f8.png" alt="🛸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Cryptik1E) <a href="https://twitter.com/Cryptik1E/status/1745776244745289934?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 12, 2024</a>
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BlackRock’s iShares Bitcoin Trust (IBIT) was among the several bitcoin ETFs that made their trading debut in the United States on Thursday, following the Securities and Exchange Commission’s (SEC) approval.&nbsp;
IBIT accounted for a significant portion of the total trading volume that the ETFs collectively saw.
Fink’s endorsement of an Ether ETF comes as BlackRock is looking to list a similar product for Ethereum’s native token.&nbsp;
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This move would align with the company’s broader strategy of embracing tokenization, which involves representing assets (real world or digital) in the form of tokens on the blockchain.&nbsp;
Fink believes that tokenization can help eliminate issues related to money laundering and other forms of corruption.&nbsp;
He also sees cryptocurrencies, particularly Bitcoin, as an asset class that can provide protection against geopolitical risks.
“Bitcoin is similar to gold in that it’s a scarce asset,” Fink said. “However, unlike gold, we’re almost at the maximum supply of bitcoin that can be created.”
The post <a href="https://bitcoinworld.co.in/blackrocks-larry-fink-supports-ethereum-etfs-as-future-of-tokenization/" rel="noopener noreferrer nofollow">BlackRock’s Larry Fink Supports Ethereum ETFs As Future of Tokenization</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

BlackRock’s Larry Fink Supports Ethereum ETFs As Future of Tokenization

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