According to Odaily Planet Daily, the trading volume and fund inflow of the Ethereum ETF recently launched by BlackRock 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 BlackRockâs Ethereum ETFâs performance so far has been âless impressiveâ compared to the Bitcoin ETF. But he urged the audience to compare ETHA to ETFs overall.
Mitchnick said it is very rare for an ETF like Ethereum to reach $1 billion in AUM in seven weeks. Most of the time, it takes many years for a new ETF to reach this size.
He also pointed out that for many investors, Ethereum's investment narrative is not easy to digest, which is an important reason why the company is committed to educating customers. Therefore, they are not expected to be as big as Bitcoin in terms of flow and assets under management. But it is still a good start.
