BlackRock launched a new investment product, ETHB, yesterday, which is the first spot ETH staking ETF in U.S. history and has already been listed on NASDAQ. What is ETHB? In simple terms, it is no longer an ordinary Ethereum ETF (like ETHA). An ordinary Ethereum ETF can only follow the price of Ethereum. By purchasing ETHB, you can not only follow the price fluctuations of ETH but also earn additional staking rewards. The annualized return is about 3-4%, depending on the network staking situation. For most users, who are not native DeFi users and are unclear on how to participate in ETH staking through third parties; they won't have to run nodes, worry about penalty risks, or manage crypto wallets. All of this is handled by BlackRock and Coinbase. This will attract many investors who are optimistic about ETH, significantly lowering the participation threshold. Is the launch of ETHB a positive or negative for ETH? To conclude: Overall, in the medium to long term, it is a super positive. However, there will be fluctuations in the short term. Why is it positive in the long term? The most important point is, The launch of ETHB turns ETH into a true "yield-bearing asset." Previous ETH ETFs (like $ETHA) only tracked the price, with no additional returns. ...