Wu said that according to Fortune, BlackRock's recently launched Ethereum ETF has seen much lower trading volume and fund inflows than the Bitcoin ETF, and the company's head of digital assets Robert Mitchnick does not expect this to change anytime soon. At the Messari Mainnet Conference in New York, Mitchnick admitted that the performance of BlackRock's Ethereum ETF so far has been "less impressive" compared to the Bitcoin ETF. But he urged the audience to compare ETHA to ETFs as a whole: "It's very rare for an ETF like Ethereum to reach $1 billion in AUM in seven weeks. In most cases, it takes many years for a new ETF to reach this scale." Mitchnick said: "I think the investment narrative of Ethereum is not easy for many investors to digest, which is a big reason why we are so committed to the educational journey with many of our clients. So you don't expect them to be as big as Bitcoin in terms of flow and AUM. But it's still a good start."