Share this article
BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security
The BlackRock CEO isn't worried about the U.S. Securities and Exchange classifying Ethereum's ether as a security.
Updated Mar 27, 2024, 8:08 p.m. Published Mar 27, 2024, 8:06 p.m.
BlackRock CEO Larry Fink said an ether ETF would still be possible even if the U.S. Securities and Exchange Commission designates the cryptocurrency as a security, which would increase the regulatory scrutiny around the second-largest digital asset.
Asked Wednesday on Fox Business whether BlackRock – which has made waves in crypto through its bitcoin exchange-traded fund introduced earlier this year – could still list an ETF that holds Ethereum's ether if the crypto is a security, he replied, "I think so."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The SEC is reportedly taking a look at the question of whether ether is a security. Fortune reported earlier this month that the regulator is seeking to classify ether as one and has sent subpoenas to several companies as part of that inquiry.
This caused concern over whether this would mean an ether ETF would even be possible in the U.S.
Read more: Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports
But Fink's confidence is a striking note of optimism.
Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market. The final decision by the regulator is due in May, with industry experts predicting that applications won't get approved, regardless of what the SEC finds the nature of ether to be.
BlackRock is also one of the now-11 issuers of spot bitcoin ETFs. The asset management giant's fund, the iShares Bitcoin Fund (IBIT), is by far the most successful spot bitcoin fund after collecting more than $15 billion in assets after only 2 1/2 months. IBIT is the "fastest growing ETF in the history of ETFs," Fink said on Fox Business.
"Look, I'm very bullish on the long-term viability of bitcoin," he said. "We're creating now a market that has more liquidity, more transparency, and I'm pleasantly surprised, and I would never have predicted that before."
When asked if an ether fund was next, Fink said "we'll see."
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
