During a recent interview with Fox Business, BlackRock CEO Larry Fink mentioned the possibility of launching an Ethereum exchange-traded fund (ETF) even if regulators classified Ethereum as a security. Fink believes that such a designation would not have negative consequences.

ETF analyst Nate Geraci found Fink's comments on Ethereum intriguing, suggesting that the SEC is actively working to determine whether to classify the cryptocurrency as a security. Although the prospect of an Ether-based spot ETF receiving approval in May is slim, Geraci argues that the SEC could authorize such a product following a security classification.

The SEC is reportedly pushing to label Ethereum, the second-largest cryptocurrency, as a security, a move that conflicts with the CFTC's recognition of Ether as a commodity. There are also reports of the Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, being investigated.

Fink expressed optimism about Bitcoin's long-term growth during the same interview, calling himself "very bullish" on the cryptocurrency. He noted the unpredictable surge in retail demand. Additionally, BlackRock's IBIT, a Bitcoin ETF, has broken multiple records and quickly risen through the ranks.

On the other hand, Robert Mitchnick, BlackRock's head of digital assets, mentioned that their clients showed little interest in Ethereum and other altcoins. Mitchnick emphasized that Bitcoin remains the primary focus for the financial giant.