X @Ignas | DeFi

RT Ignas | DeFi (@DefiIgnas)ETH staking ETF launched with $46M USD of inflows in 2 days.Quite surprising how silent CT was about the news.ETHB holds spot $ETH and stakes 70-95% of it via Coinbase.Investors receive 82% of staking rewards as monthly cash dividends: ETH is sold and yield is paid in USD.So no compounding inside the fund. Perhaps attractive for whales who want to live off the yield.BlackRock and Coinbase keep the remaining 18%.Fee is 0.25%, waived to 0.12% for the first year or until the fund hi ...