BlackRock (BLK) CEO Larry Fink confirms the value of the Ether ETF following the launch of the Bitcoin ETF.

BlackRock’s iShares Bitcoin Trust (IBIT) was one of several products to make its U.S. trading debut on Thursday after the U.S. Securities and Exchange Commission (SEC) approved the fund on Wednesday. IBIT accounted for about $1 billion of the ETF’s total trading volume of $4.6 billion.