BlackRock CEO Larry Fink at the New York Times Dealbook Conference in Manhattan said that his company won’t launch crypto ETF until the industry is ‘legitimate.’
"I wouldn't say never, when it's [crypto industry] legitimate, yes."
The head of BlackRock also noticed that one day people “could have electronic trading for a currency that could be a store of wealth.”
Nevertheless, Fink admitted that BlackRock is a “huge believer in blockchain”:
“We are a huge believer in blockchain. The biggest use for blockchain will be in mortgages, mortgage applications, mortgage ownership, anything that's labored with paper.”