Image Credit: cointelegraph.com
The CEO of the BlackRock Larry Fink said that “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.”
Gary Gensler, the head of BlackRock, isn’t bothered by the U.S. Securities and Exchange Commission declaring Ethereum’s ether as security.
He was asked in an interview by Fox Business on wednesday whether Ethereum’s ether can be considered as a security in BlackRock’s crypto strategy and have ETFs which holds ether crypto as a roster, he replied by finishing the question in a similar tone to that “I think so.”
The SEC is rumored to be in a search for an answer to this question of whether or not ether is a security or something else. The magazine Fortune previously indicated that the SEC wanted to categorize the cryptocurrency as a security and had sent subpoenas to a series of companies such as Coinbase as a part of the probe.
