Ethereum

BlackRock

<p><span style="font-weight: 400;">BlackRock CEO Larry Fink said an Ethereum ETF (exchange-traded fund) can gain regulatory approval even if it is classified as a security, and added that he is “very bullish” on Bitcoin in the long term.</span></p> 
<p><span style="font-weight: 400;">When asked in a Mar. 27 Fox Business interview if </span><a href="https://insidebitcoins.com/news/blackrocks-tokenized-fund-set-to-bring-legitimacy-to-ethereum-and-other-blockchains-seen-as-retail-casinos-bernstein-says"><span style="font-weight: 400;">BlackRock</span></a><span style="font-weight: 400;"> could still list an ETF product based on ETH even if it is deemed a security by the Securities and Exchange Commission (SEC), Fink replied, “I think so.” <img decoding="async" src="https://static.politico.com/f0/8b/00da6ef04d4db3d26ad8d8e919da/gettyimages-462980605-1.jpg" alt="BlackRock barges into corporate boardrooms - POLITICO"></span></p> 
<h2 id="span-style-font-weight-400-ethereum-etf-applications-face-rejection-as-sec-fails-to-classify-eth-span"><span style="font-weight: 400;">Ethereum ETF Applications Face Rejection As SEC Fails To Classify ETH</span></h2> 
<p><span style="font-weight: 400;">The SEC has yet to clarify whether the largest altcoin by market cap is a security or a commodity. Congress is </span><a href="https://insidebitcoins.com/news/house-republicans-urge-the-sec-to-clarify-position-on-prometheums-plan-to-provide-custody-for-eth"><span style="font-weight: 400;">pressuring the SEC</span></a><span style="font-weight: 400;"> to clarify its status as securities platform Prometheum plans to launch an ETH custody service.&nbsp;</span></p> 
<p><span style="font-weight: 400;">The SEC is </span><a href="https://fortune.com/crypto/2024/03/20/sec-gary-gensler-ethereum-security-commodity-crypto-foundation/"><span style="font-weight: 400;">reportedly</span></a><span style="font-weight: 400;"> aiming to classify ETH as a security and has sent </span><a href="https://insidebitcoins.com/news/sec-probes-ethereum-status-as-bloomberg-slashes-odds-of-ethereum-etf-approval-in-may"><span style="font-weight: 400;">subpoenas</span></a><span style="font-weight: 400;"> to several companies as part of its inquiry into the matter. This potential classification has raised concerns of whether it would even be possible to launch an </span><a href="https://insidebitcoins.com/news/us-sec-postpones-decision-on-blackrocks-ethereum-etf-shiba-inu-and-nuggetrush-skyrockets"><span style="font-weight: 400;">ETH ETF</span></a><span style="font-weight: 400;"> in the US with Bloomberg Intelligence putting the chances of approval by a May deadline at just 25%.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good. <a href="https://t.co/nuBdCDE18L">https://t.co/nuBdCDE18L</a></p> 
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1772372601098162624?ref_src=twsrc%5Etfw">March 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">BlackRock is one of eight issuers that have applied to the SEC to launch ETH ETFs.</span></p> 
<h2 id="span-style-font-weight-400-blackrock-s-ceo-is-bullish-on-bitcoin-span"><span style="font-weight: 400;">BlackRock’s CEO Is Bullish On Bitcoin</span></h2> 
<p><span style="font-weight: 400;">While the crypto community awaits the regulator’s decision, BlackRock’s Bitcoin ETF (IBIT) has outperformed the other 10 funds that started trading in the US on Jan. 11. Since its launch, IBIT has raked in over $15 billion in assets under management, and is the “fastest growing ETF in the history of ETFs,” said Fink in the Fox Business interview.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">JUST IN: BlackRock CEO Larry Fink says their spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETF "is the fastest growing ETF in the history of ETFs." 🚀 <a href="https://t.co/J6g7XrYWCU">pic.twitter.com/J6g7XrYWCU</a></p> 
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1773067179677630782?ref_src=twsrc%5Etfw">March 27, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">“I’m very bullish on the long-term viability of Bitcoin,” Fink said. “I’m pleasantly surprised and I would have never predicted before we filed it [IBIT application], that we were going to see this type or retail demand.”</span></p> 
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BlackRock CEO Larry Fink Says An Ethereum ETF Is Possible Even If ETH Is A Security, ”Very Bullish” On Bitcoin

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