In a significant development for the cryptocurrency market, the long-awaited Bitcoin (BTC) exchange-traded funds (ETFs) have finally received approval from the US Securities and Exchange Commission (SEC).
BlackRock CEO Larry Fink, a seasoned veteran in the financial industry, has made noteworthy statements regarding BTC while also expressing interest in an Ethereum (ETH) spot ETF.
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During a recent interview on CNBC’s Squawk Box, Fink drew a parallel between Bitcoin and gold, stating that Bitcoin is “no different than what gold represented for thousands of years.”
Fink emphasized that Bitcoin is an asset class that offers protection, and unlike gold, there is a limited supply of Bitcoin, reaching a ceiling on the total amount that can be created.
Blackrock’s CEO further explained that BlackRock’s goal with their Spot Bitcoin ETFs is to provide an instrument for storing wealth, creating a reference between Bitcoin and gold.
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