The world of cryptocurrency is abuzz with talk of a potential Ethereum ETF, and BlackRock, the world’s largest asset manager, is throwing its weight behind the idea. Larry Fink, BlackRock’s CEO, has expressed confidence that an Ether-based ETF could be launched, even if the SEC classifies Ether (ETH) as a security.
This news comes amidst ongoing scrutiny by the SEC regarding the classification of Ether. The SEC is yet to decide whether Ether falls under the category of a security, but BlackRock seems unfazed by this uncertainty. Their confidence likely stems from the success of their Bitcoin ETF, which has garnered significant interest from investors.
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