According to Odaily, BlackRock's recently launched Ethereum ETF has seen significantly lower trading volume and fund inflows compared to its Bitcoin ETF. Robert Mitchnick, the company's head of digital assets, does not expect this trend to change soon. Speaking at the Messari Mainnet conference in New York, Mitchnick acknowledged that the performance of BlackRock's Ethereum ETF has been 'less impressive' compared to the Bitcoin ETF so far. However, he urged the audience to compare ETHA with the overall ETF market, noting that it is very rare for an ETF like Ethereum to reach $1 billion in assets under management within seven weeks. In most cases, it takes many years for a new ETF to achieve this scale.
Mitchnick explained that the investment narrative for Ethereum is not as easily digestible for many investors, which is why BlackRock is committed to an educational journey with many clients. He emphasized that while Ethereum's trading volume and assets under management may not match Bitcoin's, it is still a good start.
