According to Foresight News, BlackRock's ETF head, Samara Cohen, recently shared insights in an interview with Bankless regarding the current state and future of cryptocurrency ETFs. Cohen described Bitcoin and Ethereum ETFs as "simulated versions" of crypto assets, suggesting they are attempts to fit crypto technology into traditional financial frameworks. She indicated that traditional financial institutions like BlackRock and Nasdaq might eventually transition their operations onto blockchain platforms, potentially leading to the emergence of dedicated financial institution blockchains.
Cohen also addressed perceptions surrounding Ethereum ETFs, noting that while some believe they are less successful than Bitcoin ETFs, from an industry standards perspective, the launch of Ethereum ETFs has been quite successful. She emphasized that the primary criterion for an ETF's success is its ability to meet its intended objectives.
BlackRock's current digital asset strategy focuses on the operation and development of Bitcoin and Ethereum ETFs, tokenization projects—particularly the tokenization of treasury funds—and stablecoin-related activities. Future product development will continue to be driven by client demand.