Ethereum

Bitcoin

<ul class="wp-block-list news-points">
 <li>ETHA lags behind IBIT in AUM growth due to Ethereum’s complex investment narrative.&nbsp;&nbsp;</li>
 <li>BlackRock’s IBIT thrives with $24B in AUM, while ETHA holds around $1B.&nbsp;&nbsp;</li>
 <li>Bitcoin’s long-term correlation with stocks remains zero despite short-term fluctuations.</li>
</ul>
BlackRock’s Ethereum ETF, ETHA, is significantly underperforming compared to its Bitcoin ETF, IBIT. Robert Mitchnick, BlackRock’s head of digital assets, acknowledged this at the <a href="https://fortune.com/crypto/2024/09/30/blackrock-exec-says-new-ethereum-etf-faces-narrative-challenge/" target="_blank" rel="noopener noreferrer nofollow">Messari Mainnet conference</a> in New York. He attributed ETHA’s slower asset growth to the more complex investment narrative surrounding Ethereum.
Launched in July, ETHA reached $1 billion in assets under management (AUM) in about a month, a stark contrast to IBIT’s rapid accumulation of $2 billion within 15 days of its January launch. Currently, IBIT boasts $24 billion in assets, while ETHA remains at around $1 billion.
Mitchnick said that while ETHA’s slower growth may seem disappointing compared to IBIT, the overall ETF performance tells a different story.
<h2 class="wp-block-heading" id="h-spot-bitcoin-and-ether-etfs-industry-overview">Spot Bitcoin and Ether ETFs: Industry Overview</h2>
Since the SEC approved spot Bitcoin ETFs in January, these products have reached $61 billion in total assets. BlackRock, Fidelity…
The post <a href="https://coinedition.com/blackrock-ethereums-complexity-impacts-etha-etf-growth/" rel="noopener noreferrer nofollow">BlackRock: Ethereum’s Complexity Impacts ETHA ETF Growth</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BlackRock: Ethereum’s Complexity Impacts ETHA ETF Growth

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