Collaborating with world-class partners, Coinbase and
To commemorate this landmark innovative milestone, 3iQ will be waiving the management fee of the 3iQ Ether ETF until
Building upon its proven track record and history of delivering innovative investments of institutional quality, 3iQ achieved another digital asset investment "first" when they announced last June their plans to commence ETH staking in the Funds.
Working in collaboration with industry leaders Coinbase and
The Funds' digital assets are held in segregated, cold storage custody accounts with Coinbase
"Collaborating with 3iQ to provide staking services in
Didier Lavallée, CEO of Tetra, added, "We are excited to contribute our expertise to this partnership, and as
Although there is currently no minimum or maximum amount of the portfolio assets of the Funds that may be staked, 3iQ intends to adopt a measured approach to the Staking Activities, taking into account the liquidity needs of the Fund and the novelty of the investment strategy.
3iQ is entitled to receive a portion of the staking rewards generated for the Funds by the Staking Activities (net of the validator fees) such that 75% of the rewards accrue to the Funds and 25% of the awards accrue to 3iQ (the Staking Service Fee). The Staking Service Fee shall be calculated and paid monthly, in arrears, plus applicable taxes, and is intended to compensate 3iQ for the additional work required to administer the Staking Activities for the Funds. The Staking Service Fee charged by 3iQ will only be deducted from any rewards generated by the Staking Activities which will generate income to the Funds.
To learn more about how 3iQ is securing the future of digital finance with its staking products as well as to view frequently asked questions and associated risk factors, visit 3iq.io/staking.
About 3iQ Digital Asset Management
Founded in 2012, 3iQ is one of the world's leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds:
About Coinbase
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, staking infrastructure, market data, and reporting that supports the entire transaction lifecycle. We combine these capabilities with leading security, insurance, and compliance practices to provide institutional clients of Coinbase with a full-service platform to access crypto markets at scale.
About Tetra
Founded in 2019,
IMPORTANT NOTICES
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Contacts
3iQ:
862-777-4274
rgraham@jconnelly.com
973-349-6471
jmercuro@jconnelly.com
Coinbase:
press@coinbase.com
investors@coinbase.com
Tetra:
press@tetratrust.com
SOURCE 3iQ
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