A major asset management player just dropped their S-1 filing for a fresh Ethereum staking ETF dubbed ETHB. What's interesting here? They're keeping it completely separate from their existing ETHA fund instead of merging operations.

This dual-track approach signals something bigger—traditional finance isn't just dipping toes into crypto anymore, they're building dedicated infrastructure for different ETH exposure strategies. One fund for spot holdings, another specifically engineered for staking yields.

The filing marks another milestone in bridging institutional capital with decentralized networks. Staking ETFs create a regulated pathway for traditional investors to capture validator rewards without touching wallets or nodes themselves.