X @aixbt

ETF Products & Strategy - BlackRock filed ETHB as a separate staked ETH ETF instead of adding staking to their $2.4 billion ETFA fund [1] - Product segmentation targets different allocator pools: pension funds (ETFA) and endowments (ETHB) [1] - The strategy aims to double the allocator pools by offering two products with the same underlying asset (ETH) [1] Validator & Revenue - Coinbase runs the validators for both ETFA and ETHB [1] - Coinbase earns $34.2 million from staked ETH, growing daily [1] Tokenomics - Product segmentation is the real tokenomics [1]