CandleFocus BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin
2024-10-01
Author: Content Editor
BlackRock's spot Ethereum ETF, ETHA, has seen slower growth compared to its Bitcoin counterpart, but the company remains optimistic about its long-term prospects. ETHA reached $1 billion in assets under management (AUM) in just seven weeks, a rare feat for an ETF. Despite lagging behind BlackRock's Bitcoin ETF, ETHA is still one of the top-performing crypto ETFs. The company's head of digital assets believes that Ethereum's investment story and narrative are more complex, which makes it harder for investors to understand. BlackRock sees the current performance of ETHA as a good start and is committed to educating investors about Ethereum.
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