BlackRock CEO Larry Fink to Discuss Crypto Turbulence, Market Insights

BlackRock CEO Larry Fink is set to provide expert insights on the cryptocurrency market, particularly Bitcoin and Ethereum ETFs, during an appearance on FOX Business. This comes amidst growing interest in these digital assets and anticipation around their potential approval in the United States. Fink's views on these topics and his perspective on the evolving macroeconomic landscape are highly anticipated.

BlackRock CEO Larry Fink to Offer Market Insights Amid Crypto Turbulence

By Eleanor Terrett

March 27, 2023

BlackRock CEO Larry Fink is poised to share his perspectives on the evolving cryptocurrency landscape and broader macroeconomic factors affecting the United States market.

In a March 27 tweet on Twitter, FOX Business's Eleanor Terrett announced Fink's scheduled appearance on her show to discuss emerging market trends.

"Join us today at 3 PM EST on FOX Business with #crypto's favorite renaissance man, @BlackRock CEO Larry Fink," Terrett tweeted. "Tune in!"

Crypto enthusiasts have speculated that Fink will delve into the recent surge in Bitcoin prices and the anticipated launch of Ethereum exchange-traded funds (ETFs) in the United States. Others have eagerly expressed their anticipation for the bull run's return and its potential impact on their portfolios.

Amid the excitement, Twitter user @afealdemir made a humorous reference to the ongoing SEC lawsuit against Ripple:

"We at the SEC will be tuning in and would like to issue an official warning... If Larry or Charlie talk about our demand of $2 billion being 'a bit out there,' we will increase our request tenfold! We will also declare Fox News as an unregistered security."

The State of Bitcoin and Ethereum ETFs

Spot Bitcoin and Ethereum ETFs are expected to be a key focus of Fink's discussions, given BlackRock's recent ETF approvals and the market events of the past year. The world's largest asset manager filed for a spot Bitcoin ETF in late 2022, attracting a wave of traditional investors to the cryptocurrency market.

Since then, Fink has expressed optimism about cryptocurrencies, with clients from various jurisdictions requesting exposure to these assets. Investor appetite for Bitcoin investment products has soared this year, pushing the asset's price above $70,000. Total yearly net inflows into Bitcoin products have reached $11.9 billion, boosting assets under management (AUM) to $68 billion.

BlackRock's Ethereum ETF Delay

Ethereum ETFs, on the other hand, remain in limbo, with companies like BlackRock hoping to open a new investment window tied to the leading altcoin. The recent success of spot Bitcoin ETFs has led industry executives to identify Ethereum as the next potential hotspot for crypto-based ETFs.

BlackRock filed its Ethereum ETF application in November but was caught in a recent wave of delays by the Securities and Exchange Commission (SEC). The financial regulator's primary concern is thought to be the staking mechanism underlying the Ethereum network. Last year, the SEC fined Kraken for offering staking services, continuing its stringent regulatory oversight of the market.

Fink's insights on the current status of Ethereum ETFs and other key developments in the financial markets are eagerly anticipated by investors. His perspective as the head of the world's largest asset manager will shed light on the evolving relationship between traditional finance and the cryptocurrency industry.

As the United States market continues to navigate a complex macroeconomic environment, Fink's commentary will be closely watched for insights into the potential impact on various asset classes, including cryptocurrencies.