ChainCatcher reported that according to Fortune, the trading volume and capital inflow of BlackRock's recently launched Ethereum ETF are much lower than those of the Bitcoin ETF. Robert Mitchnick, the company's head of digital assets, does not expect this situation to change soon.
At the Messari Mainnet Conference in New York, Mitchnick acknowledged that the performance of BlackRock’s Ethereum exchange-traded fund (ETHA) so far has been “disappointing” compared to its Bitcoin ETF. But he urged the audience to compare ETHA to ETFs: “It’s very rare for an ETF to reach $1 billion in AUM in seven weeks, as ETHA has. In most cases, it takes years for new ETFs to reach $1 billion.”