BlackRock has reduced the proposed staking fee for its iShares Ethereum Trust from 18% to 10% of ETH rewards, according to a revised S-1 filing with the U.S. Securities and Exchange Commission. This adjustment aims to lower the cost structure of the fund, which plans to stake its Ethereum holdings to generate additional yield. The change was highlighted by James Seyffart, who noted the potential for tiered fee discounts as the fund's assets grow. The iShares Ethereum Trust's strategy involves staking its ETH holdings through a custodian, allowing it to earn staking rewards. The 10% fee applies specifically to these rewards, not the fund's total net asset value. This approach differentiates it from spot funds that only hold cryptocurrency assets. The updated filing is part of the ongoing SEC approval process for Ethereum staking ETFs, with several firms, including Fidelity and Franklin Templeton, also pursuing similar products.