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**BlackRock’s Ethereum ETF Greatly Outperforms Bitcoin ETF**
According to recent reports, Bitwise CEO Hunter Horsley emphasized the importance of not missing the forest for the trees when analyzing the most recent ETF data. While it is true that some may have been disappointed by the underperformance of certain ETFs in recent times, there are also notable success stories to be told.
One such story is the remarkable performance of BlackRock’s Ethereum ETF, which has outperformed its Bitcoin counterpart in a big way. It’s no secret that 2022 has been a tumultuous year for cryptocurrency markets as a whole, with many assets experiencing significant declines.
Despite these setbacks, it’s heartening to see some assets bucking the trend and delivering strong returns. BlackRock’s Ethereum ETF is an excellent example of this phenomenon, having attracted nearly $54 billion in net assets in less than a year alone.
Furthermore, experts at Bitwise have suggested that Bitcoin ETFs could potentially eclipse those recorded in 2024. It’s clear that these products are gaining popularity with investors and are likely to play a significant role in the cryptocurrency landscape going forward.
In conclusion, while there may be some disappointment surrounding underperformance in certain areas of the crypto space, we must also acknowledge the remarkable achievements of BlackRock’s Ethereum ETF.
Source: u.today
