FOUND: Blackrock exec says new ethereum etf faces narrative challenge - What They Never Told You

The volume and inflows for BlackRock’s recently-launched Ethereum ETF are vastly lower than their Bitcoin counterparts—and the company’s head of digital assets, Robert Mitchnick, doesn’t expect that to change anytime soon.

Speaking at the Messari Mainnet conference in New York, Mitchnick conceded that the performance of BlackRock’s exchange-traded fund for Ethereum—known as ETHA—has so far been "underwhelming" compared to its Bitcoin ETF. But he urged the audience to compare ETHA against ETFs overall: “It's very rare that you see an ETF get to a billion AUM in seven weeks, as ETHA did. In most cases, it takes multiple years to never for a new ETF to get to a billion.”