BlackRock: Ethereum ETF narrative issues still need to be resolved, starting with $1 billion already a rare achievement

BlackRock, the global asset management giant, recently launched Ethereum and Bitcoin ETFs, with noticeable differences in market performance. Since the launch of the Bitcoin ETF in January 2024, it attracted a staggering $20 billion inflow in just 15 days. On the other hand, the Ethereum ETF, launched in July, also started strong with a $10 billion size, although some still believe that the popularity of the Ethereum ETF remains relatively low.

Ethereum Narrative Needs More Education, Starting with $1 Billion Already Rare

According to Fortune, BlackRock executive Robert Mitchnick recently stated at the Messari Mainnet conference: "In terms of core concepts, Ethereum is harder for investors to understand compared to Bitcoin, which is why BlackRock is committed to providing clients with information and education to help them understand the potential of Ethereum." He also mentioned, "One should not expect the capital inflows and asset management scale AUM of Ether to be as good as Bitcoin. It may take several years for an ETF to reach a scale of several billion, but ETHA reached $1 billion in assets in just one month, which is truly rare."

BlackRock's Ethereum ETF ETHA has reached a billion dollars in assets, can ETH attract more funds

Venture Capital Giants Become Key Players, Two ETFs Accumulate Nearly $68.3 Billion

Since the U.S. Securities and Exchange Commission (SEC) approved 10 Bitcoin ETFs at the beginning of the year, they have accumulated $61.2 billion in funds. BlackRock, Fidelity, and Ark Invest have become core players in the market. The SEC later approved 9 Ethereum ETFs, which have attracted $7.1 billion in funds.