• Larry Fink thinks a spot Ethereum ETF  has value.
• ETH rose in dominance on the back of the spot BTC ETF approval.

The approval of a spot Bitcoin ETF has led to speculation about increased possibilities for other assets to have their spot ETFs, particularly Ethereum [ETH]. The CEO of BlackRock recently expressed this sentiment during an interview.

A matter of when for a spot Ethereum ETF

BlackRock CEO Larry Fink recently expressed his perspective on ETFs. He said there is “value in having an Ethereum ETF” in a recent CNBC interview following the approval of the spot BTC ETFs.

Notably, BlackRock itself has secured approvals for a spot BTC ETF.

On the first trading day, the spot BTC ETF recorded a substantial volume of around $4.6 billion. The potential for institutions to pursue a spot ETH ETF is buoyed by the absence of any regulatory issues between Ethereum and the SEC.

Unlike certain exchanges and crypto assets that have faced SEC charges in the past, ETH has had no such issues.

Furthermore, ETH holds the second-largest market capitalization, as per CoinMarketCap. This makes it an attractive asset for institutions to consider offering as an ETF.

Ethereum rally cut short post-ETF 

An examination of the daily timeframe chart for Ethereum showed a significant rally leading up to the approval of the spot BTC ETF. The positive trend continued on the first day of ETF trading, approaching the overbought zone.

However, this upward trend pause

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Author: Adewale Olarinde

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