BlackRock’s move into staked Ether ETFs raises concerns for existing corporate crypto-treasury firms. BitMine Immersion Technologies reports a $3.7 billion unrealized loss on their ETH holdings. The decline in net asset value (NAV) is making it hard to attract new investors. Other DATs also see mNAV decreases. BlackRock’s new ETF threatens traditional treasury firms with hidden costs. Investors may shift towards lower-cost staked Ether funds from BlackRock. REX-Osprey and Grayscale already offer staked ETH ETF products.

Read more at Cointelegraph: DAT ‘Hotel California’ Meets BlackRock Staked ETH ETF