This is MASSIVE for ETH. $14 trillion BlackRock just launched the first Ethereum Staking ETF with ticker $ETHB. This is bigger than most people realize. $IBIT: Bitcoin spot ETF. Zero yield. Just price exposure. $ETHA: Ethereum spot ETF. Zero yield. Just price exposure. $ETHB: Ethereum staking ETF. 3% annual yield. Institutional money now earns directly from the blockchain. This is the first time in history a $10 trillion asset manager is plugging institutional capital directly into a proof-of-stake network and earning rewards from it. Why this is bullish for Ethereum: Every dollar flowing into $ETHB removes ETH from circulation and locks it into staking. Less supply. Same or growing demand. Price goes up by basic math. A 3% annual yield makes ETH compete directly with treasury bonds for institutional allocation. Pension funds and endowments that could never justify holding a zero-yield asset can now justify $ETHB. BlackRock priced the fee at 0.12% for the first year to capture market share before anyone else launches a rival product. They are building a moat while competitors are still filing paperwork. Fidelity and Invesco will follow. That is guaranteed. But BlackRock moved first. Again.