BlackRock CEO Larry Fink's Support Boosts Ethereum ETF and Ether Price

BlackRock CEO Larry Fink expressed support for an ether exchange-traded fund (ETF) following the launch of a bitcoin ETF, emphasizing the potential of tokenization and the shift towards digital assets. BlackRock's iShares Bitcoin Trust (IBIT) saw significant trading volume upon its debut, and the asset management giant may consider a similar product for Ethereum. Fink views cryptocurrency as an asset class, likening bitcoin to gold as a hedge against geopolitical risk, and believes in the potential of tokenization to address issues like money laundering.