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Larry Fink said today that the industry is taking steps towards tokenization.

BlackRock CEO Larry Fink said today on CNBC that he sees value in having an Ethereum exchange-traded fund (ETF), fueling speculation a spot ETH ETF will trade next after the record-breaking launch of spot Bitcoin ETFs.

“I see value in having an Ethereum ETF,” Fink said in an interview Friday.

Traders are speculating that spot ETFs holding other cryptocurrencies will follow the approval of a spot Bitcoin ETF. More than 58% of bets placed on Polymarket are in favor of an Ethereum ETF approval by the end of May.

Several large asset managers have filed for ETH exchange-traded products. These include BlackRock, Van Eck, Ark Invest & 21Shares, Fidelity, and Galaxy Research. Van Eck will be the earliest to receive a reply from the SEC, with a deadline set for May 23. BlackRock’s deadline is set for early August.