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BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security

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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

BlackRock CEO Larry Fink said an ether ETF would still be possible even if the U.S. Securities and Exchange Commission designates the cryptocurrency as a security, which would increase the regulatory scrutiny around the second-largest digital asset.

Asked Wednesday on Fox Business whether BlackRock – which has made waves in crypto through its bitcoin exchange-traded fund introduced earlier this year – could still list an ETF that holds Ethereum's ether if the crypto is a security, he replied,"I think so."earlier this month that the regulator is seeking to classify ether as one and has sent subpoenas to several companies as part of that inquiry.

"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."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

 

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