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 ...

For crypto to pump, we needed fiat inflows into the ecosystem.For years, this role was filled by stablecoins.Now, ETFs and TradFi crypto treasury companies pump crypto without directly entering the crypto system.It's great for institutional investors who are bullish crypto but don't want to deal with onchain stuff and legal issues.It's the Great Tradfi x Crypto Merge.Interestingly, when money enters crypto ecosystem, these new holders used to chase yield in DeFi.But ETFs and Treasury Companies take that cry ...