BlackRock executive: Ethereum ETF may usher in a major breakthrough if it is approved for pledge

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ODAILY
a day ago
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Odaily Odaily News reports that Robert Mitchnick, head of digital assets at BlackRock, said at the New York Digital Asset Summit that demand for Ethereum ETFs is currently sluggish, partly due to the inability to obtain staking rewards. He believes that if regulatory hurdles are resolved, the market may see a major change. Mitchnick emphasized that staking rewards are an important component of the investment return on Ethereum, and the lack of staking functionality makes ETFs less attractive. Although the solution is complex, he believes that overcoming this limitation could lead to a "leap-like improvement" in the market.

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