BlackRock Won’t Launch Bitcoin ETF Until Crypto Is ‘Legitimate,’ Says CEO

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BlackRock, the world’s largest asset manager, wants to stay away from crypto ETFs until cryptocurrencies become “legitimate.”

BlackRock CEO Larry Fink said at the New York Times Dealbook Conference in Manhattan on Thursday.

Bitcoin exchange-traded funds (ETFs) have been edging their way into the crypto market for months. While none have been approved just yet, the one getting the most attention was submitted by VanEck SolidX.

Despite the asset management firm’s CEO, Larry Fink, being bullish on blockchain technology, he still has reservations regarding cryptocurrency.

Fink importantly noted that BlackRock isn’t closing the door on cryptocurrency-related investment products, but rather that they aren’t ready at this time. When asked about if they...

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