Digital asset management company 3IQ will create two funds to add Ethereum staking services.

Jun 28, 202328

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Canadian digital asset management company 3iQ has announced that starting from August 28, 2023, its Ether Fund and 3iQ Ether ETF will offer staking services to clients, making them the first ETFs to provide such services globally. The staking service will provide opportunities for increased returns for the funds and their units. The funds will receive rewards in the form of ETH through staking, which will be reflected in the net asset value (NAV) of the funds and increase the funds' exposure to ETH. 3iQ will utilize Coinbase Custody's institutional staking infrastructure to support ETH staking in these products.

According to a report from PR Newswire, digital asset management company 3iQ announced today that starting on August 28, 2023, or earlier, its Ether Fund and 3iQ Ether ETF will begin offering staking services to clients, making these products the first ETFs to offer such services globally.

3iQ stated that its staking service will provide opportunities for income enhancement for the funds and their unitholders. Through staking, the funds will earn rewards in the form of ETH, which will be reflected in the funds' net asset value (NAV) as appreciation income, while also increasing the funds' exposure to ETH. 3iQ will utilize Coinbase Custody's institutional staking infrastructure to support ETH staking in these products.

Original article link: https://bitgaai.com/2023/06/29/shuzizichanguanligongsi3iqjiangweiqiliangzhijijintianjiayita/