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…

Read more on Benzinga