BlackRock Executive: Ether ETF Could See Major Breakthrough If Pledges Are Allowed
Robert Mitchnick, head of digital assets at BlackRock, told the Digital Asset Summit in New York that demand for ethereum ETFs is currently low, partly due to the lack of access to pledged returns. If the regulatory hurdles are resolved, he believes the market could be in for a major change, stressing that pledged returns are an important part of ethereum's return on investment, and that the lack of a pledge feature takes away some of the appeal of ETFs. Despite the complexity of the solution, he believes that breaking through this restriction could ‘skyrocket’ the market.
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