Blackrock-CEO comments on the increasing number of crypto ETF applications in the SEC and the potential of Bitcoin

ETF-Antrag von BlackRock angenommen Die Bitcoin-ETF-Anträge bei der SEC häufen sich. Auch das von Larry Fink geführte Unternehmen BlackRock beantragte kürzlich einen börsengehandelten Bitcoin-Indexfonds bei der US-amerikanischen Börsenaufsicht. Bei ETFs handelt es sich üblicherweise um Investmentfonds, die bestimmte Indizes nachbilden und an Börsen gehandelt werden. Im Kontext von Kryptowährungen wird ein Fonds, der den Wert eines oder mehrerer digitaler Tokens widerspiegelt und eine Vielzahl von Kryptowährungen beinhaltet, als Krypto-ETF bezeichnet. Wie Cointelegraph berichtet, hat die SEC den Antrag des Unternehmens nun angenommen, nachdem sie tags zuvor bereits einen ähnlichen Antrag von Bitwise akzeptiert hatte. Die Annahme des Antrags bedeutet nun, …
The Bitcoin ETF applications for the SEC are adopted. The company Blackrock, who led by Larry Fink, recently requested a Bitcoin index fund traded in the US stock exchange supervision. ETFs are usually investment funds that imitate certain indices and are traded on stock exchanges. In the context of cryptocurrencies, a fund that reflects the value of one or more digital tokens and contains a variety of cryptocurrencies is called crypto ETF. As CoinTelegraph reports, the SEC has now accepted the company's application after it had already accepted a similar application from Bitwise the day before. The acceptance of the application now means ... (Symbolbild/KNAT)

Blackrock-CEO comments on the increasing number of crypto ETF applications in the SEC and the potential of Bitcoin

ETF application from Blackrock accepted

The Bitcoin ETF applications for the SEC are piling up. The Bitcoin index fund, which was recently traded by Larry Fink, also applied for in the US stock exchange supervision.

ETFs are usually investment funds that reproduce certain indices and be traded on stock exchanges. In the context of cryptocurrencies, a fund that reflects the value of one or more digital tokens and contains a variety of cryptocurrencies is called crypto ETF.

As reported by CoinTelegraph, the SEC has now accepted the company's application after it had already accepted a similar application from Bitwise the day before. The acceptance of the application now means that the official examination procedure from Blackrock will begin. In addition, the SEC, with the assumption that the authority is quite willing to deal with a direct ETF for Bitcoin and examine the potential effects on the market. But not only Blackrock and BitWise have made ETF applications at the SEC. The authority recently also explained that they are currently reviewing ETF applications for other Bitcoin funds, including the Wise Origin Bitcoin Trust, Wisdomtree, Vaneck and Investco Galaxy.

"Democratization of all cryptocurrencies"

In an interview with Foxnews, Larry Fink recently explained what the ETF application means for the cryptos sector. "What we are trying to do with crypto is the democratization of all cryptocurrencies and their reason for investors. The money span to cryptocurrencies is very great. Consider cryptocurrencies and we will see in the future how this will affect, ”said the Blackrock CEO. Fink is of the opinion that ETFs for cryptocurrencies can cause the same as traditional ETFs for the investment fund industry. He noticed that ETFs represented an important revolution for the investment fund industry and actually took over the industry. He also believes that a stronger tokenization of assets and securities has the potential to revolutionize finance again.

Bitcoin: "Digitization of gold"

He also commented on the potential he sees in Bitcoin. Especially since cryptocurrencies, especially the Bitcoin, are becoming more and more accessible, Fink sees the digitization of gold in the role of bitcoins. "Instead of investing in gold to protect yourself from inflation, to protect yourself from the annoying problems of a country, or from devaluation of your own currency. To say it clearly: Bitcoin is an international asset," explains Fink. He is also of the opinion that Bitcoin will surpass every single currency in the future. The advantage of the tokens is that a large part of the cryptocurrencies are international assets. "It is even more important that because it is so international, it will go beyond a single currency in the currency evaluation," he explains.

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