BlackRock CEO Larry Fink discussed the company's interest in cryptocurrencies in a recent live broadcast on FoxBusiness.
The conversation comes after a false news spread earlier today claiming that the US Securities and Exchange Commission (SEC) had approved a Bitcoin Spot ETF.
Fink, who said he was busy throughout the day and heard the fake news only an hour before the interview, said “this is an example of the pent-up interest in cryptocurrencies.”
BlackRock, which applied for a Bitcoin Spot ETF last summer, is closely monitoring developments in the crypto space. Fink explained that the company has received questions from customers around the world about the need for crypto.
Fink also touched on the potential role of cryptocurrencies in the global financial sector. He suggested that crypto could serve as a 'pass-through' asset, providing a safe haven during periods of market volatility.
*This is not investment advice.