After its successful launch of the spot Bitcoin ETF in January 2024, the world’s largest asset manager BlackRock has been pushing ahead for a spot Ethereum ETF application. However, chances are that the asset manager might reconsider its efforts citing “little” demand from clients for Ethereum, in comparison to Bitcoin. During a fireside chat at the Friday Bitcoin Investor Day conference in New York, Robert Mitchnick, BlackRock’s head of digital assets, emphasized the firm’s client base’s primary focus on Bitcoin. He noted, “I can say that for our client base, bitcoin is overwhelmingly the number one focus and a little bit Ethereum”. He also mentioned that the demand for every other crypto asset is “very, very little.”