Share this article
BlackRock CEO Larry Fink Seeing Client Demand for Crypto 'Around The World'
Rumors about spot bitcoin ETF approvals aside, Fink called the recent rally a “flight to quality.”.
Updated Oct 18, 2023, 3:38 p.m. Published Oct 17, 2023, 4:17 p.m.
Make us preferred on Google
Clients across the globe are talking about “the need for crypto,” said Larry Fink, CEO of asset management giant BlackRock (BLK).
Appearing on Fox Business on Monday hours after a false rumor about SEC approval for BlackRock’s spot bitcoin ETF sent prices sharply higher, Fink said he couldn’t speak about the application process.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Fink, however, did opine on the recent rally. “It’s an example of the pent-up interest in crypto,” he said. “We are hearing from clients around the world about the need for crypto.”
“I think the rally today is about a flight to quality, with all the issues around the Israeli war now, global terrorism,” he continued.
BlackRock, amongst other large financial institutions, is currently awaiting a decision from the SEC on whether it can issue a bitcoin spot ETF.
More For You
More For You
RWA issuers prioritize capital formation over liquidity, according to Brickken survey
Exclusive fourth quarter data shows 69.2% of issuers are live, while 84.6% report regulatory friction shaping tokenization rollout.
What to know:
- A new Brickken survey finds most real-world asset issuers are using tokenization primarily to improve capital formation and fundraising efficiency, not to unlock secondary market liquidity.
- While major exchanges like CME, NYSE and Nasdaq push toward 24/7 trading for tokenized assets, many issuers remain in a validation phase focused on regulatory structures, issuance processes and compliant asset quality.
- Regulation is the main drag on tokenization efforts, even as activity expands beyond real estate into equities, IP and entertainment, with industry leaders emphasizing issuance infrastructure as the key bridge between traditional and decentralized finance.
Top Stories
