ETH staking ETF attracts $46M in inflows within two days of launch

A new ETH staking ETF (ETHB) launched and accumulated $46 million in inflows over its first two days. The fund holds spot ETH and stakes 70-95% of holdings via Coinbase, distributing 82% of staking rewards as monthly cash dividends paid in USD rather than compounding within the fund. BlackRock and Coinbase retain 18% of rewards, with a 0.25% management fee reduced to 0.12% for the first year or until assets under management reach $2.5 billion. The structure differentiates from BlackRock’s existing ETHA product, which does not offer staking due to associated slashing risk some investors prefer to avoid.