TechFlow news, digital asset management firm 3iQ announced that its The Ether Fund and 3iQ Ether ETF will begin offering staking services to clients on or around August 28, 2023, making them among the first ETF products globally to provide such a service. To ensure security, 3iQ has partnered with its custodian Coinbase Custody to deliver reliable staking operations for the funds.
According to 3iQ, the staking service will offer enhanced yield opportunities for the funds and their investors. Through staking, the funds will earn rewards in the form of Ethereum (ETH), which will be reflected in the fund’s net asset value (NAV) as capital appreciation and increase the fund’s exposure to ETH.
This move provides greater flexibility and potential returns for 3iQ's clients, while also demonstrating the firm’s leadership in advancing innovative investment products. The introduction of staking is expected to further drive the development of the digital asset ETF market and meet investor demand for diversification and enhanced returns.
