BlackRock Launches New Ethereum Staking Fund with Competitive Rewards
- BlackRock’s ETHB fund will distribute 82% of staking rewards to investors monthly.
- Grayscale’s Mini ETF passes along 94% of rewards, while its ETHE fund distributes 77%.
- ETHB is the third U.S. Ethereum staking product, following Grayscale and REX-Osprey.
- The fund stakes between 70-95% of its Ethereum at any given time.
- Coinbase and Anchorage Digital are chosen as custodians, with Coinbase receiving a base staking fee of 10%.
BlackRock’s new ETHB fund offers a competitive edge in the U.S. market by providing significant returns from staking rewards directly to investors on a monthly basis, similar to dividend payments in traditional finance.
By offering an attractive management fee and substantial reward distribution, BlackRock aims to attract Ethereum investors interested in staking, potentially drawing funds away from competitors like Grayscale and REX-Osprey. (Source)
