Asset management giant BlackRock’s (BLK) clients have “negligible” interest in Ethereum compared to bitcoin (BTC), head of digital assets Robert Mitchnick said.
“I can say that for our customer base, Bitcoin is overwhelmingly the number one focus and continues to be Ethereum A little bit more,” he said during a friendly chat at the Bitcoin Investor Day conference on Friday in New York.
And for other crypto assets, he said the demand is “very small.”
When asked if BlackRock would soon launch a memecoin ETF such as dogwifhat (WIF), Mitchnick said he did not know what it would be.
“That’s not something we’re interested in,” he said.
Part of the reason why BlackRock, which was previously opposed to Bitcoin, decided to launch a Bitcoin ETF is because clients have been consistent in showing interest in Bitcoin in both bull and bear markets, Mitchnick said.
He also said that customers are “frustrated” about the difficulty of accessing crypto assets.
Latest BlackRock has launchedA tokenized asset fund named “BUIDL” on the Ethereum network, with Securitize company serving as the transfer agent and token platform.
refer : coindesk.com
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