BlackRock Won’t Consider Exotic Crypto ETFs
Cointelegraph
BlackRock will focus on measured crypto ETF offerings, prioritizing Bitcoin and Ether, and will avoid more 'exotic' structures.Summary
BlackRock's head of digital assets, Robert Mitchnick, stated the firm will maintain a cautious approach to crypto ETFs, despite launching a staking-focused Ether ETF. While acknowledging the appeal of more complex ETF structures being explored by competitors, BlackRock intends to prioritize established cryptocurrencies like Bitcoin (BTC) and Ether (ETH). The firm is also evaluating other assets but will focus on maturity, liquidity, and use cases. BlackRock’s iShares Staked Ethereum Trust (ETHB) saw significant inflows upon launch, and they are planning a Bitcoin income-generating ETF. Investors in BlackRock’s Bitcoin ETF (IBIT) are primarily long-term holders, capitalizing on market dips.
(Source：Cointelegraph)