Why Hashdex’s new crypto ETF keeps 100% of your initial staking yields and 40% of everything else
Hashdex plans to stake part of the crypto in its Nasdaq CME Crypto Index ETF (NCIQ). Coinbase Cloud was named as the initial staking provider, with staking expected to begin once operations are ready. Staking income will be split in tiers. The provider first takes its fee, then Hashdex receives all remaining net staking income up to an annual threshold equal to 0.25% of common-share NAV through a special Sponsor Share it holds. Any net staking income above that threshold is split 40% to Hashdex and 60% to NCIQ common shareholders. If annual net staking income does not exceed the threshold, common shareholders receive none of it. Benefits depend on which assets are staked, how much is staked, network yields, and provider fees. Risks include unbonding delays, slashing, and possible redemption or rebalancing friction that could widen tracking difference versus the index.
