BlackRock CEO Larry Fink has noted an increase in demand for cryptocurrency among gold investors. In an interview with CNBC, Fink stated that more and more gold investors have been asking about the role of crypto over the past five years, and that exchange-traded funds (ETFs) could democratize access to cryptocurrency in the same way they have with gold.

Fink also highlighted the potential of an international crypto product to transcend the depreciation of the US dollar. BlackRock recently filed an application to list a spot bitcoin ETF, which could be approved by the US Securities and Exchange Commission (SEC) due to a surveillance-sharing agreement.