BlackRock executive: Ethereum ETF faces "narrative" challenges and will not be able to match Bitcoin ETF in the short term

Odaily Planet Daily News BlackRock's recently launched Ethereum ETF has seen much lower trading volume and fund inflows than the Bitcoin ETF, and the company's head of digital assets Robert Mitchnick does not expect this to change soon.
At the Messari Mainnet Conference in New York, Mitchnick admitted that BlackRock's Ethereum ETF's performance so far has been "less impressive" compared to the Bitcoin ETF. But he urged the audience to compare ETHA with the overall ETF: "It's 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."
Mitchnick said: "I think that for many investors, Ethereum's investment narrative is not easy to digest, which is an important reason why we are so committed to the educational journey with many customers. Therefore, you don't expect them to be as big as Bitcoin in terms of flow and asset management. But it's still a good start." (Fortune)