Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
0 Fee
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Everyone's Calling This a Yield Story. The Daily Numbers Say Otherwise.
BlackRock runs two ETH ETFs side by side. ETHA just holds ETH. ETHB stakes it and pays ~2% yield, monthly.
Since March, the assumption has been simple: money chases yield, so ETHB should be eating ETHA's lunch. I checked the actual daily flows. That's not what's happening.
Sept 11: ETHA +$148.8M, ETHB +$18.3M
Sept 14: ETHA +$80.5M, ETHB +$14.39M
Lifetime: ETHA $13.4B, ETHB $845M
Same pattern, every single session. Rotation means one side shrinks while the other grows. Here, both keep growing together, ETHA just growing faster.
There's a bigger hole in the yield story too: ETHB's real net yield sits under 2%, below what a basic T-bill pays right now. Nobody chasing yield stops at 2% when risk-free pays more.
My read: this isn't yield rotation. It's just strong ETH demand, split across two products because two products now exist. The yield is a bonus, not the reason.
I'll change my mind the day ETHA actually starts bleeding while ETHB keeps climbing. Hasn't happened yet.
Anyone else tracking ETHA and ETHB separately, or is the Square just reading one combined ETH ETF number and missing this?
Gate Square fam, drop your take below.
#ETHStakingETF #ETFFlowData #GateResearch
$GT
$SSG