BlackRock ETHB to Allocate 82% of Staking Rewards to Investors, 18% to BlackRock and Coinbase

BlackRock will allocate 82% of ETHB staking rewards to investors, with the remaining 18% going to BlackRock and Coinbase, according to an SEC filing on Tuesday. The fund's staking yield was estimated at 2.8% annualized as of Tuesday. The filing said the fund will stake between 70% and 95% of its Ether to meet redemption requests.