“It’s hardly surprising to see that BlackRock has come out and said that, hey, we’re exploring these new ETFs.” – 02:09
Gareth Jenkinson, Head of Multimedia at Cointelegraph, joins Remy Blaire to discuss the significant advancements in blockchain technology and its adoption by traditional financial institutions.
Remy opens the conversation by highlighting BlackRock’s recent announcement to tokenize ETFs, a move that follows the success of its Bitcoin ETF. She notes that this development coincides with HSBC and BNP Paribas joining the Canton Foundation, which aims to enhance cross-platform digital asset trading and settlement. Gareth elaborates on the growing narrative surrounding the tokenization of real-world assets, emphasizing that the future of finance is increasingly leaning towards blockchain technology. He points out the advantages of 24/7 trading that blockchain offers compared to the limited hours of traditional stock exchanges, suggesting that institutions are keenly interested in these capabilities.
The discussion then shifts to the launch of the first U.S. Dogecoin ETF. Remy asks Gareth about the retail interest surrounding this new financial product and what it signifies for the broader crypto market. Gareth describes Dogecoin as a divisive yet enduring meme coin with a dedicated community. He expresses his personal skepticism about its appeal, given his preference for Bitcoin, but acknowledges the speculative interest that the ETF could generate among traders.
Finally, Remy and Gareth delve into the recent performance of Solana, which has seen a notable double-digit gain. Gareth discusses the momentum shift from Ethereum to Solana, attributing it to growing institutional interest and a robust retail base. He highlights the potential for Solana to break through key resistance levels, which could lead to further price increases.