The volume and inflows for BlackRock’s recently-launched Ethereum ETF are vastly lower than their Bitcoin counterparts—and the company’s head of digital assets, Robert Mitchnick, doesn’t expect that to change anytime soon.

BlackRock's Ethereum ETF struggles with market uptake due to challenges in Ethereum's complex narrative, said BlackRock's Robert Mitchnick.

On Sept. 25, the world’s largest asset manager, BlackRock, attracted $184.4 million in inflows for its spot Bitcoin exchange-traded fund (ETF), marking the highest daily inflow of any fund in September,

Robert Mitchnick from BlackRock pointed to Ethereums more complicated investment narrative as a reason for the slower growth of its ETF compared to Bitcoin. Despite this, Ethereum ETFs passed a $1 billion milestone,

The SEC has approved options trading for BlackRock's Bitcoin ETF, introducing new risk management tools for investors.

Highlighting this sluggish beginning are the outflows that have been occurring from the ether ETF products, capped by a nearly $80 million outflow on a single Monday, which was the highest since a $98 million outflow figure in July 2024.

Bitcoin ETFs now command $59.08 billion, or 4.69% of BTC’s market cap. BlackRock’s BTC and ETH ETFs have combined cumulative inflows of $22.65 billion. Ethereum

BlackRock has been the dominant leader in the spot Bitcoin ETF realm, and with its new milestone, it has further cemented its place in the spot Ethereum ETF circle's top performers.