🌟 Great! #BlackRock⁩ ⁩ submitted an application to the SEC, preparing to launch a new Ethereum staking #ETF (ETHB), which is different from the existing spot ETF (ETHA). ETHB will use part of the ETH for #staking (staking) and distribute staking rewards to holders. If this product is approved, it will make it easier for traditional investors to access yield-generating ETH. Source: Decrypt

👩🏻‍💻 In 2024, the company developed a new Staking product, built on EigenLayer and Symbiotic. Throughout this process, I increasingly feel that Staking is an amazing mechanism: it provides security for the blockchain while allowing those holding funds to earn rewards.

The launch of the Staking ETF will effectively expand institutional participation in ETH, making the yield narrative easier to understand for traditional finance, which could have profound implications for the development of Web3.