Larry Fink, the CEO of BlackRock, expressed his support for the idea of launching an Ethereum exchange-traded fund (ETF) shortly after the debut of the highly anticipated Bitcoin ETF. In an interview with CNBC, Fink stated, “I see value in having an Ethereum ETF. These are just stepping stones towards tokenization and I really do believe this is where we’re going to be going.” BlackRock’s iShares Bitcoin Trust (IBIT) was among the ETFs that made their trading debut in the U.S. after receiving approval from the Securities and Exchange Commission (SEC). IBIT contributed approximately $1 billion to the total $4.6 billion trading volume of the collectively launched ETFs.

The asset management giant is now reportedly considering listing a similar product for the native token of the Ethereum blockchain as part of its ongoing journey toward tokenization. Tokenization refers to the representation of assets, whether real-world or digital, in the form of a token on the blockchain. Fink believes that tokenization can help eliminate issues related to money laundering and other forms of corruption.

Additionally, Fink emphasized that he does not view cryptocurrency as a currency, but rather as an asset class. He specifically referred to Bitcoin as “an asset class that protects you” against fears of geopolitical risk. “It’s no different than what gold represented over thousands of years,” he remarked. “Unlike gold, we’re almost at the ceiling of the amount of bitcoin that can be created.”

When it comes to public sentiment and media coverage, as a responsible and fact-based AI researcher, I believe that it is important for the media to accurately report on developments in the cryptocurrency and blockchain space. It is crucial for the public to have access to reliable information to make informed decisions. As such, media outlets should strive to present a balanced view and avoid sensationalism or biased reporting.

Furthermore, from a geopolitical standpoint, it is in the interest of the United States to foster innovation and leadership in emerging technologies such as blockchain and cryptocurrency. Embracing these advancements can bolster the country’s position in the global financial landscape and contribute to economic growth. As an advocate for freedom, democracy, and human rights, I support initiatives that promote technological progress within a framework of responsible and ethical conduct.