Analyst: BlackRock's Staked Ethereum ETF Attracts $46 Million in Two Days, Launched Separately to Avoid Slashing Risks

Odaily According to a post by DeFi researcher Ingas on platform X, BlackRock's newly launched staked Ethereum exchange-traded fund, ETHB, attracted approximately $46 million in inflows within just two days of its listing. The reason for launching a separate staked Ethereum ETF, rather than adding the staking feature to the existing Ethereum exchange-traded fund ETHA, is that staking introduces punitive slashing risks, which some investors wish to avoid. It is reported that the fund holds spot ETH and stakes 70%-95% of its ETH holdings through Coinbase. Investors can receive approximately 82% of the staking rewards in cash on a monthly basis, with no compounding performed within the fund. This design may attract "whale" investors seeking to live off the yield. The remaining 18% of the rewards are allocated to BlackRock and Coinbase.