BlackRock's Larry Fink: No Bitcoin ETF Until it Becomes More Legitimate
December 22, 2018 12:08 PM Discuss Cryptocurrency News & Your Guide to the Blockchain Economy As the pressure mounts for Bitcoin ETFs to be approved, one organization says it will never go down that route until bitcoin and the cryptocurrency space become more legitimate. 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. The Securities and Exchange Commission (SEC) the organization responsible for approving and governing cryptocurrency-based ETF platforms has consistently sought information from both the public and industry experts regarding whether the ETF will attract business. Though it has delayed its decision-making process several times, the body does seem to be gathering the information it needs to offer a viable answer.
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Blackrock CEO: Crypto Still Lacking Legitimacy, Bitcoin ETF Will Have To Wait
November 02, 2018 9:27 AM Discuss While discussion regarding Bitcoin-backed exchange-traded funds (ETFs) have begun to slow, the chief executive of BlackRock, a multinational America-based financial institution, recently claimed that he is hesitant to allow his firm to offer a Bitcoin ETF due to the current state of cryptocurrency markets. BlackRock, the world's largest asset manager, is avoiding a bitcoin ETF until cryptocurrencies become legitimate. https://t.co/DFpaSHo0ag CNBC (@CNBC) November 1, 2018 Speaking with CNBC at Manhattan's New York Times Dealbook Conference on the matter, Larry Fink, the aforementioned CEO at Blackrock, which manages upwards of $6.3 trillion in assets, noted that while he isn't fully against the long-term success of crypto assets, the launch of a crypto-backed ETF is far from around the corner.
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Godfather of ETFs Says Bitcoin Exchange-Traded Funds Will be Approved No Time Soon
November 02, 2018 6:01 AM Discuss The godfather of ETFs Reggie Browne said that Bitcoin ETFs will be approved no time soon, speaking at Georgetown University's Financial Markets Quality Conference. The godfather of ETFs Reggie Browne has suggested that Bitcoin ETFs will be approved no time soon Reggie Browne, the so-called godfather of ETFs, said that Bitcoin (BTC) Exchange-Traded Funds (ETF) will be certified no time soon, Business Insider reported Nov. 1. Browne is a senior managing director and head of ETF trading at financial services firm Cantor Fitzgerald. Founded in 1945, Cantor Fitzgerald focuses on institutional equity, fixed income sales, and trading. The company reportedly has over 5,000 institutional clients, which includes such fields as investment banking, prime brokerage, and commercial real estate.
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