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

Odaily Planet Daily 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 they cannot obtain staking income. He believes that if regulatory barriers are resolved, the market may usher in major changes. Mitchnick emphasized that staking income is 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 complicated, he believes that breaking through this limitation may bring a "leap forward" to the market.