BlackRock to Skim 18% of Staked Ethereum ETF Rewards, Exit Delays Expected
BlackRock to Skim 18% of Staked Ethereum ETF Rewards, Exit Delays Expected
BlackRock's iShares Staked Ethereum Trust ETF (ETHB) has updated its strategy, indicating plans to keep 70-95% of its Ethereum (ETH) staked while retaining 18% of the staking rewards. This move, outlined in its latest amended filing, suggests that investors may face extended periods for exiting the fund, potentially taking weeks under normal market circumstances.
BlackRock has sharpened the staking posture for its iShares Staked Ethereum Trust ETF (ETHB), outlining a plan to keep most of the fund’s ETH staked and earning rewards rather than held in custody. In its latest amended filing, the sponsor said that under normal market circumstances, it would seek to keep 70% to 95% of its Ethereum (ETH) staked.