Analyst: BlackRock's Staking Ethereum ETF Attracts $46 Million in Two Days, Launched Separately to Avoid Impairment Risk
Svmuu News DeFi researcher Ingas posted on the X platform stating that BlackRock's newly launched staking Ethereum exchange-traded fund, ETHB, attracted approximately $46 million in inflows within just two days of its listing. The reason for launching a separate staking Ethereum ETF, rather than adding the staking feature to the existing Ethereum exchange-traded fund ETHA, is that staking increases the risk of punitive impairment, which some investors wish to avoid. It is reported that the fund holds spot ETH and stakes 70%-95% of its ETH through Coinbase. Investors can receive approximately 82% of the staking rewards in cash monthly, with no compounding within the fund. This design may attract "whale" investors seeking to live off the yield. The remaining 18% of the rewards are retained by BlackRock and Coinbase.
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Source:Odaily · Source Link
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