BlackRock says ‘exotic’ crypto ETFs not part of its strategy
BlackRock launched a staked Ether exchange-traded fund on Thursday, expanding its crypto offerings beyond its flagship spot Bitcoin and Ether ETFs that launched in 2024.
BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday.
Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset managers are experimenting with may appeal to certain investors, but said BlackRock will continue to take a more measured approach:
“Will we see some more exotic structures coming into the space? I think no question,” Mitchnick said. “Some of those will be interesting. Some of them will resonate with investors.”