[BlackRock executive: Ethereum ETF's performance so far is "disappointing" compared to Bitcoin ETF] On October 1, Fortune reported that BlackRock's recently launched Ethereum ETF has much lower trading volume and capital inflows than the Bitcoin ETF, and the company's digital asset director Robert Mitchnick does not expect this situation to change soon. At the Messari Mainnet conference in New York, Mitchnick admitted that BlackRock's Ethereum exchange-traded fund (ETHA) has performed "disappointing" so far compared to its Bitcoin ETF. But he urged the audience to compare ETHA with ETFs: "It's 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."