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tldr; BlackRock and Coinbase will retain 18% of staking revenue from BlackRock's upcoming Ethereum ETF, ETHB, with the remaining 82% going to investors. ETHB, which could become the largest Ethereum ETF, will generate staking yields estimated at 2.8% annually. The ETF will stake 70-95% of its Ether to balance yield generation and redemption requests. This move follows SEC guidance clarifying staking products are not securities. Concerns have been raised about Wall Street's influence on Ethereum governance due to such ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; BlackRock, the world's largest asset manager, has filed an amended S-1 registration statement with the SEC, revealing its plans for the iShares Staked Ethereum Trust (ETHB). The fund, seeded with $100,000, aims to track Ethereum's price while generating passive yields by staking 70-95% of its assets. The fund offers an estimated annual yield of 3% and a reduced management fee of 0.12% for the first $2.5 billion in assets. BlackRock's move highlights growing institutional interest in Ethereum as an investment-grade asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
What happens when Blackrock offers a staked ETH (ETHB) ETF to compete?