The Ethereum and Bitcoin ETFs recently launched by global asset management giant BlackRock have obvious differences in market performance. Since its launch in January 2024, the Bitcoin ETF has attracted an inflow of up to US$2 billion in just 15 days, while the Ethereum ETF has also reached a scale of US$1 billion after its launch in July. Despite its good performance, there are still Opinions suggest that the popularity of the Ethereum ETF is still too low.
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ToggleEthereum narrative needs more education, starting with 1 billion is quite rare
According to Fortune , BlackRock executive Robert Mitchnick recently said at the Messari Mainnet conference: "In terms of the core concept, Ethereum is more difficult for investors to understand than Bitcoin, and this is why BlackRock is committed to serving customers "Provide relevant information and education to help them understand the potential of Ethereum." He also mentioned: "People should not expect Ethereum's capital inflows and asset management scale (AUM) to be as good as Bitcoin's, compared to the average. It may take several years for an ETF to reach hundreds of millions, but ETHA has reached 1 billion in just one month, which is really rare.”
( BlackRock Ethereum ETF (ETHA) reaches billions in assets, can ETH attract more funds )
Venture capital giants have become the core force, with two ETFs accumulating nearly US$68.3 billion.
Since the U.S. Securities and Exchange Commission (SEC) approved 10 Bitcoin ETFs at the beginning of the year, $61.2 billion has been accumulated, with BlackRock, Fidelity and ARK Invest becoming core forces in the market. The SEC later approved nine Ethereum ETFs, which have so far attracted $7.1 billion in funding.
