According to Mike Silagadze, the largest ETH ETFs collectively hold about $20 billion in assets but currently produce zero yield for holders, making them less attractive for income-focused crypto investors (source: Mike Silagadze on X, Aug 10, 2025). He states that at best these funds may stake a limited fraction of ETH to cover fees plus roughly 50 bps, implying minimal net yield to investors (source: Mike Silagadze on X, Aug 10, 2025). Silagadze adds that ETH treasury companies such as SharpLinkGaming and ETHZilla_ATNF will stake and deploy in DeFi to earn higher on-chain yields, positioning to attract that capital over time (source: Mike Silagadze on X, Aug 10, 2025). He concludes that the roughly $20 billion in ETH ETF assets is likely to move toward these yield-focused strategies, signaling a potential shift in ETH capital allocation that traders should monitor (source: Mike Silagadze on X, Aug 10, 2025).