Blackrock CEO Larry Fink Says Crypto Will ‘Transcend Any One Currency’ — Sees Broad-Based Global Interest #Bitcoin https://ift.tt/iF6ZunE

Blackrock CEO Larry Fink Says Crypto Will 'Transcend Any One Currency' — Sees Broad-Based Global Interest

Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says crypto is so international that it will transcend any one currency. Regarding Blackrock’s bitcoin exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC), the executive stressed: “We are working with our regulators because, as in any new market, if Blackrock’s name is going to be on it, we’re going to make sure that it’s safe and sound and protected.”

Blackrock CEO Larry Fink Highlights Crypto’s ‘Differentiating Value’

Larry Fink, the CEO and chairman of Blackrock, the world’s largest asset manager, discussed cryptocurrency in an interview with CNBC on Friday. Blackrock filed to launch a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) on June 15. While the SEC has rejected all bitcoin ETF applications so far, many are hopeful that the securities regulator will approve Blackrock’s filing.

“Over the last five years, more and more global investors are asking us about the role of crypto,” the Blackrock CEO shared. “As I said, I do believe a lot of crypto is an international asset,” the executive continued, emphasizing:

It has a differentiating value versus other asset classes, but more importantly, because it’s so international it’s going to transcend any one currency and currency valuation.

“If you just look at the value of our dollar — how it depreciated the last two months and how much it appreciated over the last five years — an international crypto product can really transcend that,” Fink noted. “And that’s why we believe there’s great opportunities and that’s why we’re seeing more and more interest, and that interest is broad-based, worldwide.”

“We believe we have a responsibility to democratize investing. We’ve done a great job, and the role of ETFs in the world is transforming investing. And we’re only at the beginning of that,” Fink detailed.

Regarding Blackrock’s bitcoin ETF filing, Fink stressed:

We are working with our regulators because, as in any new market, if Blackrock’s name is going to be on it, we’re going to make sure that it’s safe and sound and protected.

What do you think about the statements on crypto by Blackrock CEO Larry Fink? Let us know in the comments section below.



from Bitcoin News https://ift.tt/K8tzQRk
via IFTTT

Comments

Post a Comment

If you have any Questions ? Feel free to contact anytime.

Popular posts from this blog

SEC Issues ‘Fear of Missing Out’ Warning Ahead of Spot Bitcoin ETF Decision #Bitcoin https://ift.tt/WntKxeO

Image
The U.S. Securities and Exchange Commission (SEC) has warned investors about fear of missing out (FOMO). “Just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you,” the SEC noted. “We’ve all seen the increased interest in online investing and the explosion of digital assets and meme stocks. Understanding these kinds of investments may seem overwhelming.” SEC’s FOMO Warning The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issued a warning on social media platform X Saturday about the risks of fear of missing out (FOMO). This is the fifth piece of advice in a recent series from the agency. “‘NO GO to FOMO’ (fear of missing out),” the Office wrote, explaining that seeing others invest in a particular investment doesn’t make it the right choice for you. The SEC then urged investors to find out which investments are right for them and their investing goals. The SEC’s warning post references an a
Read more

Blackrock Expects SEC to Approve Spot Bitcoin ETF This Wednesday #Bitcoin https://ift.tt/WntKxeO

Image
Blackrock, the world’s largest asset manager, reportedly expects its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust, to be approved by the U.S. Securities and Exchange Commission (SEC) this coming Wednesday. According to reports, the asset manager has lined up over $2 billion in capital for its spot bitcoin ETF launch. Ishares Bitcoin Trust’s Approval Expected Wednesday Anticipation for the U.S. Securities and Exchange Commission (SEC)’s upcoming decision on spot bitcoin exchange-traded funds (ETFs) has reached a fever pitch, with analysts predicting that the regulator may approve multiple applications at once early next week. Jan. 10 is the deadline for the SEC to make a decision on the joint spot bitcoin ETF proposal by Cathie Wood’s Ark Invest and 21shares. While some believe that a decision could come as soon as Monday, Blackrock, the world’s largest asset manager, expects the SEC to approve its spot bitcoin ETF, the Ishares Bitcoin Trust, on Wednesday, acco
Read more

Barry Silbert Resigns as Chairman of Grayscale Investments #Bitcoin https://ift.tt/RHqEasy

Image
Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of Digital Currency Group, has resigned from his position as chairman of the digital asset management company Grayscale and will be replaced by Mark Shifke. According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s board will be composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is also a board member, while Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert. Commenting on the changes to the board, an unidentified Grayscale spokeswoman reportedly said: “Grayscale and our investors
Read more