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

What happened

Provider fees come first; above the annual threshold, excess net staking income is split 40% to Hashdex and 60% to the trust. 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.