2023-07-06 16:30:33
Anyone interested in cryptos knows for sure that the license application for the spot Bitcoin ETF of BlackRock, the world’s largest asset manager, is currently awaiting approval from the US Securities and Exchange Commission (SEC). Many, many people have already written regarding the positive effect that granting such a license would have on the crypto markets as a whole. The CEO of BlackRock started the Fink pump Now finally the CEO of BlackRock, Larry Fink, has also spoken out on the matter. On the fifth of July, he spoke on the Fox Business channel regarding the fact that cryptocurrency is actually a digitalization of gold, so the regulator should approve their ETF application. Fink also said that bitcoin is an international asset and is not tied to any currency. So people can use it as an alternative. Specifically, he pointed out that it might be perfectly used to protect once morest inflation or the appreciation of certain currencies. However, hearing such things from the CEO of an asset manager that has over $9 trillion in assets is especially encouraging for the crypto sector. #Bitcoin is an International Asset. – Larry Fink, BlackRock CEO pic.twitter.com/WIVKITXYPj – Michael Saylor⚡️ (@saylor) July 5, 2023 Many crypto fanatics rejoiced on social media following Fink’s words. At least because the interview pushed up the prices of individual cryptos a little. At the time of writing, however, bitcoin is trading at just over $30,000. Even though the SEC has only rejected one ETF application in BlackRock’s history, there is another record worth keeping an eye on. And that is that the SEC has never approved a spot BTC ETF application to date. So it is worth paying attention to what will happen with BlackRock’s request, because according to many cryptos, the decision can significantly determine the attitude of large companies to crypto in the next period.
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