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BlackRock’s Head of Digital Assets: Will Not Launch Overly Complex Crypto ETF Structures

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BlackRock’s head of digital assets, Robert Mitchnick, told CNBC the firm will avoid overly complex crypto ETF structures, despite their potential emergence in the market. He noted that ETF inflows remain concentrated in Bitcoin and Ethereum, with some interest in other assets. BlackRock’s ETHB ETF saw $43.5 million in inflows on its first day. BlackRock is also exploring a Bitcoin Premium Income ETF, which would generate income through covered call options on Bitcoin futures. ETF outflows have not been a major concern for the firm so far.

Odaily Planet Daily reports: Robert Mitchnick, Head of Digital Assets at BlackRock, said on a CNBC program that although the market may see more structurally complex crypto ETF products, BlackRock will maintain a cautious approach in this space and will not launch overly complex ETF structures. He noted that investor interest remains primarily focused on Bitcoin and Ethereum, but there is also some attention toward other assets.

BlackRock previously launched the Ethereum staking ETF—iShares Staked Ethereum Trust (ETHB)—which recorded approximately $15.5 million in trading volume and $43.5 million in net inflows on its first day of trading. Meanwhile, BlackRock is also considering launching the Bitcoin Premium Income ETF, which would generate option premium income by selling covered call options on Bitcoin futures. (Cointelegraph)

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