The BlackRock CEO discussed the role of ETFs for cryptocurrencies on CNBC's 'Squawk on the Street.'
The Securities and Exchange Commission has previously rejected dozens of applications for similar funds, but BlackRock's involvement and the proposed surveillance sharing agreement in the filing is seen by many in the crypto industry as a sign that momentum is shifting.
"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," Fink said.that the popularity of digital currencies was do in large part to money laundering. However, interest from clients and the high cost of transactions motivated BlackRock to take a closer look at entering the space, Fink said. He also added that crypto can serve a diversification role in investor portfolios.
"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," Fink said. The CEO declined to discuss the spot bitcoin ETF directly, saying he is prohibited from doing so while the filing is with the SEC.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Novogratz says BlackRock's bitcoin ETF points toward coming adoption'We are still so early in the adoption of people believing that bitcoin is a macro asset,' Novagratz said.
Les mer »
BlackRock beats second-quarter profit estimates on robust inflowsBlackRock Inc on Friday beat second-quarter profit estimates, as investors continued to pour money into its various funds on the back of a rally in markets after a bruising start to the year.
Les mer »
Suspect in Larry Nassar stabbing said ex-doctor made lewd remark watching Wimbledon, AP source saysA prisoner suspected of stabbing Larry Nassar at a federal penitentiary in Florida said the disgraced former sports doctor provoked the attack by making a lewd comment while they were watching a Wimbledon tennis match
Les mer »
Suspect in Larry Nassar stabbing said ex-doctor made lewd remark watching Wimbledon, AP source saysA prisoner suspected of stabbing Larry Nassar at a federal penitentiary in Florida said the disgraced former sports doctor provoked the attack by making a lewd comment while they were watching a Wimbledon tennis match
Les mer »
Suspect in Larry Nassar stabbing said ex-doctor made lewd remark watching Wimbledon, AP source saysBREAKING: A prisoner suspected of stabbing Larry Nassar at a federal prison said the disgraced sports doctor provoked the attack by making a lewd comment while they were watching a Wimbledon tennis match on TV, a person familiar with the matter told AP.
Les mer »
Suspect in Larry Nassar stabbing said ex-doctor made lewd remark watching Wimbledon, AP source saysCorrectional officers assigned to the unit at the United States Penitentiary Coleman responded to Nassar’s cell and performed what officials said were life-saving measures.
Les mer »