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BlackRock executive: Ethereum ETF may usher in a major breakthrough if it is approved for pledge
2025-03-20 21:51

Odaily News Robert Mitchnick, head of digital assets at BlackRock, said at the New York Digital Asset Summit that Ethereum ETFs are currently in low demand, partly because of the inability to earn staking returns. He believes that if regulatory barriers are resolved, the market may usher in major changes. Mitchnick emphasized that staking returns are an important part of Ethereum's investment returns, and the lack of staking functions makes ETFs lose some of their appeal. Although the solution is complex, he believes that breaking through this limitation may bring a "leap forward" to the market.