The head of Blackrock’s digital assets, Robbie Mitchnick, described the company’s ether (Eth) Funds exchanged by Exchange (ETF) as a “massive success” but recognized a major limit. Speaking on March 20 at the Digital Asset Summit, he noted that the ETF is “less perfect” without staking, featuring an important feature that is not in the current offering.
“A staking yield is a significant part of how you can make a return of investment in this space,” Mitchnick said. “And all (Ether) ETF, of course, launch has no staking. So, if it can solve …”
However, adding staking to Ether ETF has no simple task, according to Mitchnick. “It’s not as simple as a new administration that is just green-lighting, and then boom, we’re all good, going to the career,” he said. “There are many complex challenges that need to be considered, but if it can be released, then I think it would be kind of one step that would change up in terms of what we see the activity around those products.”
Panel at Digital Asset Summit 2025 with Joseph Lubin (middle) and Robbie Mitchnick (right). Source: YouTube
Eth Staking was first introduced in December 2020 as part of the Ethereum network transfer from a proof-of-work consent mechanism to proof-of-stake. By February 2024, Ether Staking Deposit reached $ 85 billionAccounting for 25% of circulating cryptocurrency supply.
The current yield rate for staked ether is between 2% and 7% year -old. However, staking ETH has risks, including the possibility of collapse if a validator is engaged in misconduct. This potential penalty may impede traditional investors, as it introduces an additional layer of risk to their investments.
Related: Ether ETF has prepared to move forward in 2025, analysts say
Joseph Lubin weighs the narratives in Ethereum
The narratives surrounding Ethereum are, at times, negative during this poem, especially since the price of ether caught behind other crypto tokens.
Also speaking at the Digital Asset Summit, Ethereum co-founder Joseph Lubin said Ethereum’s narrative to institutional investors was “huge describing.”
“It’s like trying to describe Internet protocols and the web protocols,” Lubin said, and added:
“It can do everything the way you can do anything on the web. And so, there are people who can rock all that, which can have a lot of complexity and potential in mind, but most people can’t do that.”
According to Lubin, Ethereum’s narrative should target applications that are important to users and businesses rather than extensive theoretical discussions. “We are in our moment of broadband, and we will see applications such as social graphs, decentralized IDs, testimonies, reputations, things you can use within different applications.”
Blackrock’s eth pitch with investors
Mitchnick noted that when communicating with institutional investors, Ethereum is easier to describe at a second-grade level than at a 10th level.
Robbie Mitchnick at Digital Asset Summit 2025. Source: YouTube
“Secondary level, this is a story of technology change,” Mitchnick said. “When you start over that, it gets a little wider, a little more complicated. It’s about being a choice to adopt and change the blockchain. That’s part of the thesis as we declare it to clients. And then they want to get off to a little more scattered level, we can talk about some of the more specific cases of this use.”
Blackrock announces Ethereum to investors as a choice in tokenization, stablecoin adoption and decentralized finances, Mitchnick said.
Data from sosovalue Shut up The ETH ETFS holds a total cost of $ 7 billion to March 20, with a combined -a combination of $ 2.5 billion. However, ETFs have seen a combined -with -$ 358 million flow in the past 11 days while the cryptocurrency market has been further struggling.
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