ETFs Are Initial Steps in Markets Revolution: BlackRock CEO

• BlackRock CEO believes the recent ETF approval is a first step towards a technological financial revolution.
• According to the CEO, the next step would be the tokenization of every financial asset.
• BlackRock, Grayscale, and Fidelity dominated trading volumes in the early stages of the ETF launch.

BlackRock CEO Larry Fink believes the recent ETF approval by the U.S. Securities and Exchange Commission (SEC) is a first step towards a technological financial revolution in the financial markets. Fink said this during a television interview on the CNBC news channel.

“ETFs are step one in the technological revolution in the financial markets. Step two is going to be the tokenization of every financial asset”—Larry Fink, CEO of @BlackRock on @CNBC. pic.twitter.com/KAqgaLAApk

— Chainlink (@chainlink) January 12, 2024

The CEO also noted that the next step that would follow ETFs’ actualization would be the tokenization of every financial asset. He said:

“ETFs are step one in the technological revolution in the financial markets. Step two is going to be the tokenization of every financial asset.”

BlackRock is an American multinational investment company an…

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