Blackrock CEO Larry Fink says the company has a good track record of working with regulators on 'The Claman Countdown.'
"What we're trying to do with crypto is make it more democratized with all of crypto and making it much cheaper for investors" Fink said during an interview on The Claman Countdown. "The bid spread for crypto is very expensive. It does erode a lot of the returns….because it costs a lot of money right now to transact Bitcoin and it costs a lot of money to get out of that.
Fink declined to provide any more details than contained in the public filing or how regulators may be interpreting it. But he does think a Bitcoin product like this, can do what traditional ETFs did for the mutual fund industry.
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