#blackRock adds "passive income" to its crypto portfolio

The cryptocurrency market today received a strong boost. The asset management giant BlackRock officially launches its updated instrument — #Ethereum ETF (ETHB). The main feature that distinguishes this product from its predecessors is the integrated staking function.

What does this mean for the market?

• "Two-in-one" profitability: Now large institutional investors will be able to profit not only from the price increase of Ethereum itself but also accumulate "dividends" from staking (rewards for supporting the network).

• Legitimization of the technology: Until recently, regulators (in particular, the SEC) were cautious about staking within ETFs. The launch of #ETHB signals that BlackRock has managed to find a legal compromise, making this instrument the gold standard for conservative capital.

• Ticker ETHB: This identifier will now become the main focus on stock exchanges. It is expected that the influx of liquidity through this fund could significantly reduce the supply of Ethereum on exchanges, creating conditions for a "supply shock".$ETHB