BlackRock’s Ethereum ETF Will Take 18% Of Staking Rewards—Here’s The Breakdown
BlackRock (NYSE:BLK) has filed an amended S-1 for its iShares Staked Ethereum (CRYPTO: ETH) Trust ETF, revealing an 18% cut of staking rewards split between the sponsor and prime execution agent.
The 18% Staking Fee Structure
The amended filing disclosed that the trust will pay an aggregate 18% of gross staking consideration as a “Staking Fee,” with the trust retaining the remainder.
This 18% represents the combined total of two pieces: BlackRock’s staking-related portion and the prime execution agent’s share.
The prime execution agent can then pay portions onward to staking service providers.
Coinbase (NASDAQ:COIN) serves as both the custodian through Coinbase Custody Trust Company and the prime execution agent, giving it a significant role in the staking infrastructure.
Separately, BlackRock charges a 0.25% annual sponsor …
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