Why Hashdex’s new crypto ETF keeps 100% of your initial staking yields and 40% of everything else

Jul. 26, 2026 at 7:50 pm GMT • 2 min read 01 Hashdex set a two-tier staking-income waterfall for NCIQ, with provider fees first and sponsor payments before any trust share. 02 The trust only benefits after net staking income clears 0.25% of NAV, and asset-level provider deductions vary. 03 Staking is still prospective, and unbonding, validator failures, or slashing could widen NCIQ’s gap to its index.Hashdex plans to put some of the crypto held by its Nasdaq CME Crypto Index ETF (NCIQ) to work through staking. The sponsor takes the first slice of net income, while common shareholders begin sharing in the rewards after an annual threshold is cleared.The framework is prospective. A July 23 Form 8-K named Coinbase Cloud as the initial provider and said staking was expected to begin promptly, subject to operational readiness.Under the July 23 prospectus supplement, a staking provider first retains its portion of gross rewards. Hashdex then receives all remaining net staking income up to a dollar threshold equal to 0.25% of common-share net asset value through one Sponsor Share, a separate unlisted class held exclusively by Hashdex. Income above that threshold is split 40% to Hashdex an...