Gate News update: April 8. BlackRock’s iShares Staked Ethereum Trust (code ETHB) went live on March 12 with a management fee of 0.25% (a temporary discount period of 0.12%). It also charges an 18% commission on the total staking rewards for roughly $318 million worth of staked ETH held in the trust; this commission is split between BlackRock and a certain CEX. Based on the current ETH staking yield of about 2.74%, the 18% commission is roughly equivalent to a total return of 49 basis points. Falconedge CEO Roy Kashi believes that this 18% covers costs such as custody, penalty/seizure risk, validator fees, and brand premium, and estimates that the operational cost floor for a staking ETF is about 5%. GlobalStake founder Richard Shorten noted that there are many hidden fees before the yield reaches the ETF. Cosmos co-founder Ethan Buchman said that 18% is not unusual for institutional products, but expects it to be compressed to 15% and even 10% in the future. Twinstake’s VP of Sales Harriet Browning cautioned that excessive fee competition could lead some providers to lower standards for security and transparency. Currently, this commission is still below the highest 25% fee rate that retail users pay when staking ETH directly on mainstream crypto platforms. Financial advisor Tyrone Ross questioned whether it is worth handing over the 18% of staking rewards to BlackRock and a certain CEX.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH breaks below 2400 USDT
Gate News bot message, Gate market data shows that ETH has broken below 2400 USDT, with the current price at 2399.93 USDT.
CryptoRadar50m ago
Ethereum Foundation Key Researcher Josh Stark Departs After Five Years
Josh Stark, a key researcher at the Ethereum Foundation, announced his departure after five years, expressing no future plans and emphasizing the Ethereum ecosystem's unexpected successes. His exit follows increased community scrutiny and recent leadership changes within the Foundation.
TheNewsCrypto2h ago
Aztec Network Completes Liquidation of Public Sale ETH, Transfers Over 15,000 ETH to Major CEX
Aztec Network has completed the liquidation of 19,388.4 ETH from its December public sale, transferring the final 5,020 ETH to a major CEX. The project raised around $59.13 million, with the AZTEC token price dropping nearly 50% post-auction.
GateNews2h ago
Arthur Hayes-Linked Wallet Deposits 3,000 ETH Worth $7.26M to Major CEX
On April 18, Onchain Lens reported that a wallet linked to Arthur Hayes deposited 3,000 ETH, worth about $7.26 million, to a major centralized exchange, highlighting notable whale activity.
GateNews3h ago
Bitcoin ETFs See Daily Outflow While Ethereum and Solana ETFs Post Gains on April 17
Gate News message, according to the April 17 update, Bitcoin ETFs recorded a 1-day net outflow of 142 BTC ($10.98M) and a 7-day net inflow of 7,093 BTC ($550.09M). Ethereum ETFs showed a 1-day net inflow of 22,357 ETH ($54.55M) and a 7-day net inflow of 89,684 ETH ($218.83M). Solana ETFs posted a 1-
GateNews12h ago
