In the realm of crypto investments, 3iQ Corp.’s creation of the first Ethereum staking ETF has generated considerable interest. Two prominent entities in the cryptocurrency industry, Coinbase Prime and Coinbase Cloud, provide support for the innovative 3iQ Ether Staking EFT (TSX: ETHQ, ETHQ.U). Using the consensus mechanism of Ethereum, this ETF offers investors the chance to invest in ETH while also benefiting from wagering.
ETFs are crucial tools for investors to gain access to cryptocurrency through controlled initial placement. Thus, the 3iQ ether staking ETF simplifies ETH investment through traditional financial accounts such as IRAs. It streamlines crypto asset investments by eliminating purchasing, custody, and staking issues.
Notably, while the United States is awaiting approval of spot crypto ETFs (e.g., Bitcoin ETF), countries such as Canada have offered them for decades. In comparison to futures-based ETFs, the monitoring errors associated with these types are relatively insignificant. Moreover, they levy reduced charges. Additionally, spot exchange-traded funds (ETFs) enable investors to stake their asset portfolio in order to generate additional returns that may completely or partially offset the associated expenses, thus rendering them highly appealing.
This exemplifies 3iQ’s dedication to security and regulatory compliance. The fact that they picked Coinbase Prime and Coinbase Cloud as partners demonstrates this. For many years, 3iQ ensured that its clients’ investments were secure and stress-free. By introducing the first compliant ETP in North America in 2020 and establishing the custodial infrastructure on which the whole Canadian ETP system now relies, the business has positioned itself as a leader in the digital assets sector.
After an exhaustive examination process, 3iQ decided to entrust Coinbase Prime with the custody of their underlying assets. These decisions were reached with the utmost caution, taking into account the security and protection of these assets. In addition to trading, collateralization, staking, governance, and extraordinary services designed for institutional customers, Coinbase Prime is a full-fledged prime brokerage with an AUC (Assets Under Custody) reaching $100 billion. Coinbase Prime provides secure cryptocurrency custody services for institutions and large cryptocurrency holders, with a focus on safety.
Coinbase Cloud, on the other hand, is built on a multi-cloud, multi-region, and multi-client architecture that guarantees high availability, superior quality, and adherence to stringent criteria for institutional clients. Coinbase Cloud has an impeccable track record of minimizing danger. Coinbase offers a variety of staking options, such as custodial staking with Coinbase Prime, API staking, and partially staked ETH.
Presently, 3iQ is one of the reputable organizations whose digital currencies and strategies utilize Coinbase’s solutions, including Coinbase Prime and Coinbase Cloud. This underscores not only the increasing significance of these services but also the tremendous confidence placed in Coinbase’s resilient infrastructure and profound comprehension of the crypto market.
The latest Coinbase-traded 3iQ Ether staking ETF release is a major cryptocurrency investment milestone. This new solution lets investors stake Ethereum securely and earn extra income. Such alternatives will be important as the crypto business grows and attracts more individuals to the digital economy.