According to a report by CNBC, Larry Fink, the CEO of BlackRock, the world’s largest asset management company, believes that Bitcoin ETF is just the first step towards a new financial world. Fink stated on CNBC’s “Squawk Box” program on Friday the 13th that Bitcoin spot ETF is considered a way for investors to access young and risky asset categories. However, the value provided by blockchain technology goes beyond Bitcoin, and the newly launched ETF is just a prelude to the wider tokenization of other assets. Some people see Bitcoin as the beginning of the integration of cryptocurrencies on a larger scale into the traditional financial system. After the approval of the Bitcoin spot ETF, investors are now eagerly awaiting the first deadline for the US Securities and Exchange Commission (SEC) to approve or reject the Ethereum spot ETF, which is currently scheduled for May. However, Fink seems to be more focused on the deployment of blockchain technology to upgrade existing systems. He said,
