PANews reported on October 1 that according to Fortune, the trading volume and fund inflows of BlackRock's recently launched Ethereum ETF are far lower than those of the Bitcoin ETF, and the company's head of digital assets, Robert Mitchnick, does not expect this situation to change soon. At the Messari Mainnet conference in New York, Mitchnick admitted 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 with ETFs: "It is very rare for an ETF to reach $1 billion in assets under management in seven weeks, as ETHA has. In most cases, it takes years for new ETFs to reach $1 billion."