Ethereum

BlackRock

Despite the Securities and Exchange Commission’s (SEC) efforts in categorizing Ether as a security, an Ether ETF could still happen, BlackRock CEO Larry Fink said. However, Regulatory scrutiny is likely to increase around the second-largest digital asset in the coming time.&nbsp;
The CLO of Grayscale, Craig Salm also showed his support for Ether ETFs and said it should be approved anyway. He mentioned a few reasonings in his X post as to why he agrees,a few days back. Fink’s take on Ethereum ETFs 
During a Fox Business interview Wednesday, when asked if BlackRock, which introduced its bitcoin ETF this year, could still list an ETF with Ethereum ether if the crypto is a security. He replied, “I think so.”
The SEC’s looking into whether ether’s a security. In an earlier report, Fortune said the regulator is trying to classify ether as one and has sent subpoenas to several companies.
Concerns were raised about the possibility of an ETF for ether in the US. However, Fink’s confidence is a striking note of optimism.
Eight potential issuers are filing with the Securities and Exchange Commission (SEC) to bring spot ether exchange-traded funds to market, including Blackrock. In May, the SEC will make its final decision and industry experts think applications won’t get approved, regardless of what it finds out about ether.
BlackRock is also one of 11 companies issuing spot bitcoin ETFs. After only 2 1/2 months, iShares Bitcoin Fund (<a href="https://news.todayq.com/gbtc-outflows-drop-blackrocks-ishares-leads-amid-bitcoin-dip/" target="_blank" rel="noopener noreferrer nofollow">IBIT</a>) has collected more than $15 billion in assets, making it by far the most successful spot Bitcoin fund. IBIT is the “fastest growing ETF in the history of ETFs,” Fink said on Fox Business.
“Look, I’m very bullish on the long-term viability of Bitcoin,” he said. “We’re creating now a market that has more liquidity, more transparency, and I’m pleasantly surprised, and I would never have predicted that before.” On the future of ether funds, Fink replied “we’ll see.” Grayscale also in support 
Even Grayscale’s chief legal officer Craig Slam said a few days ago that <a href="https://news.todayq.com/grayscale-clo-advocates-for-eth-etf-approval-amid-sec-scrutiny/" target="_blank" rel="noopener noreferrer nofollow">Greyscale’s case for Ethereum ETF </a>approval is pretty solid. It’s been all over the news about the Securities and Exchange Commission (SEC) downplaying the spot Ethereum ETF approval while defining Ethereum as a ‘security’.
In the latest CLO statement, Craig Salm addressed the ongoing Ethereum ETF discussion. Salm thinks Ethereum ETFs should be approved despite recent speculation. His main focus was clarifying perceptions about the SEC’s involvement in this matter.

Why is BlackRock CEO still bullish on Ethereum ETF despite regulatory scrutiny?

Todayq News

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