.@BlackRock’s staked ether fund deducts 18% of the rewards earned. @MorganStanley’s new $ETH fund only deducts 5%. Which are you choosing? Answer isn't that straightforward. There are several other factors that impact profitability here: • BlackRock’s ETHB plans to stake 70–95% of its ETH. Investors keep 82% of the rewards. Its annual fee is currently 0.12% (but then rises to 0.25% after the temporary waiver ends). • Morgan Stanley’s MSSE only plans to stake 50–80% of its ETH. Investors keep 95% of the rewards. Its annual fee is 0.14%. Morgan Stanley gives investors a larger share of each staking reward, but BlackRock earns rewards on more of the ETH it holds, and for now it also charges a slightly lower annual fee. So the lower staking cut does not automatically make Morgan Stanley’s fund the better option. What matters more is really how much staking income each fund actually produces after accounting for the percentage of ETH staked, the rewards deducted and the annual fee. Until both funds have more operating history, Morgan Stanley has the better reward split. But BlackRock may still deliver the higher net return.