According to BlockBeats, on October 1, Fortune reported that the trading volume and capital inflow of BlackRock's Ethereum spot ETF are much lower than those of the Bitcoin ETF, and its 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 ETF so far has been "less impressive" compared to the Bitcoin ETF. But he urged the audience to compare ETHA with the overall ETF: "It is very rare for an ETF like Ethereum to reach $1 billion in assets under management in seven weeks. In most cases, it takes many years for a new ETF to reach this scale."

“I think for a lot of investors, the Ethereum investment narrative is a little less digestible, which is a big reason why we’re so committed to the educational journey with a lot of our clients,” Mitchnick said. “So you wouldn’t expect them to be as big as Bitcoin in terms of flows and AUM. But it’s still a great start.”