According to ChainCatcher's message, Robert Mitchnick, head of BlackRock's digital asset division, said that the demand for Ethereum ETFs has been lackluster since its launch last July, but the situation may change if some regulatory issues that hinder its development can be "resolved". Mitchnick said at a digital asset summit held in New York City on Thursday that the general perception is that the success of Ethereum ETFs is "mundane" compared to the explosive growth of Bitcoin funds. While he believes this is a "misconception", he also acknowledged that the inability to earn staking rewards in the fund may be one of the constraining factors.

He said: "Clearly, the potential evolution of Ethereum ETFs has entered the next stage. It has been proven that ETFs are a very attractive tool for many different types of investors to hold Bitcoin. Undoubtedly, for Ethereum, ETFs seem less perfect without staking. Staking rewards are an important way to get investment returns in this field, and all the Ethereum ETFs launched so far have not included staking."

Staking is a way for investors to earn passive income by locking tokens on the network for a period of time. If investors do not intend to sell their cryptocurrencies anytime soon, this can "put their crypto assets to work". But Mitchnick does not expect a simple solution.

He explained: "This is not a particularly simple issue. It's not like the US government approves a certain plan and then it's 'done', and everyone can start. To solve this problem, there are still quite a few complex challenges to overcome, but if these issues can be resolved, then we will see a leap in the activity around these products."