3iQ Partners With Coinbase to Introduce ETH Staking in Canadian ETFs

3iQ Partners With Coinbase to Introduce ETH Staking in Canadian ETFs


3iQ to Offer Ether Staking in Ether Fund and Ether ETF

Toronto-based digital asset manager 3iQ has announced that it will start offering ether (ETH) staking in its Ether Fund and Ether ETF, making it the first ETF issuer in North America to allow for this investment strategy. The feature will be available on or about Aug. 28. Coinbase will provide the necessary staking infrastructure and serve as a custodian, as the U.S.-based crypto exchange expands its operations in Canada. Staking allows investors to earn passive income by locking up assets to participate in running the blockchain and maintaining its security.

  • Toronto-based digital asset manager 3iQ to offer ether staking in its Ether Fund and Ether ETF
  • 3iQ becomes the first ETF issuer in North America to allow for this investment strategy
  • Coinbase will provide the necessary staking infrastructure and serve as a custodian
  • Staking allows investors to earn passive income by locking up assets to maintain blockchain security

In conclusion, 3iQ’s decision to offer ether staking in its Ether Fund and Ether ETF provides investors with an opportunity to earn passive income while eliminating the complexities of directly handling digital assets. This move also highlights Coinbase’s commitment to expanding its business in Canada. Staking has become increasingly popular, particularly after Ethereum’s Shapella or Shanghai upgrade. With the support of Coinbase, 3iQ is well-positioned to capitalize on this growing trend in the cryptocurrency market.

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