In the rapidly evolving world of cryptocurrency investments, 3iQ Corp. has captured the attention of investors by creating the world’s first Ethereum staking Exchange-Traded Fund (ETF). This groundbreaking development opens up new avenues for both seasoned and novice investors to participate in the Ethereum ecosystem and earn rewards through staking. Coinbase Prime and Coinbase Cloud, prominent names in the cryptocurrency industry, have stepped in to provide critical support for 3iQ’s Ether Staking ETF (traded under the symbols TSX: ETHQ and ETHQ.U).

ETFs have long been considered essential tools for investors seeking controlled access to cryptocurrencies through traditional financial accounts like IRAs. The 3iQ Ether Staking ETF streamlines the process, eliminating the need for individual investors to navigate complex procedures such as purchasing, custody, and staking.

The Canadian Advantage

Interestingly, while the United States is still awaiting approval for spot crypto ETFs, Canada has been offering them for years. These ETFs, compared to futures-based alternatives, are associated with minimal tracking errors and lower fees. Moreover, spot ETFs empower investors to stake their assets, potentially offsetting associated expenses and enhancing returns.

3iQ’s commitment to security and regulatory compliance is evident in their choice of partners. The selection of Coinbase Prime and Coinbase Cloud underscores their dedication to safeguarding investments and delivering a stress-free experience. 3iQ has a history of ensuring its clients’ investments remain secure, becoming a leader in the digital assets sector by introducing North America’s first compliant Exchange-Traded Product (ETP) in 2020 and establishing the custodial infrastructure on which the entire Canadian ETP system now relies.

After a thorough evaluation process, 3iQ entrusted Coinbase Prime with the custody of their underlying assets, a decision made with the utmost caution, prioritizing asset security and protection. Coinbase Prime, functioning as a full-fledged prime brokerage with over $100 billion in Assets Under Custody (AUC), offers a wide range of services, including trading, collateralization, staking, governance, and tailored solutions for institutional clients. Their secure cryptocurrency custody services are designed to cater to institutions and large cryptocurrency holders with a strong emphasis on safety.

Coinbase Cloud: Setting the Standard for Institutional Crypto Solutions

Coinbase Cloud, on the other hand, is built on a multi-cloud, multi-region, and multi-client architecture that ensures high availability, superior quality, and adherence to strict criteria for institutional clients. This technology has a sterling record of minimizing risk. Coinbase provides various staking options, including custodial staking through Coinbase Prime, API staking, and partially staked ETH.

3iQ has emerged as a reputable organization whose digital currencies and strategies leverage Coinbase’s solutions, highlighting the growing importance of these services and the profound understanding Coinbase has of the crypto market. This partnership between 3iQ and Coinbase underscores the trust placed in Coinbase’s resilient infrastructure.

Unlocking the Potential of 3iQ’s Ethereum Staking ETF

The release of the 3iQ Ether Staking ETF on Coinbase marks a significant milestone in the world of cryptocurrency investments. This groundbreaking solution enables investors to securely stake Ethereum and earn additional income. As the cryptocurrency industry continues to expand and draw more individuals into the digital economy, these innovative alternatives are set to play a crucial role.

In Summary

In the realm of cryptocurrency investments, 3iQ Corp. has introduced the world’s first Ethereum staking ETF, making it easier for investors to participate in the Ethereum ecosystem. Supported by Coinbase Prime and Coinbase Cloud, this innovative ETF simplifies the process of investing in Ethereum, eliminating the need for investors to handle complex tasks like purchasing, custody, and staking. In a world where the United States is still awaiting approval for spot crypto ETFs, Canada has long been offering them, with lower fees and minimal tracking errors. 3iQ’s choice of partners, Coinbase Prime and Coinbase Cloud, demonstrates their commitment to security and regulatory compliance. With Coinbase Prime’s robust custody services and Coinbase Cloud’s institutional-grade solutions, 3iQ is well-positioned to lead the digital assets sector. This partnership highlights the growing importance of Coinbase’s services and its deep understanding of the crypto market. The release of the 3iQ Ether Staking ETF on Coinbase represents a significant milestone in the cryptocurrency industry, providing investors with a secure way to stake Ethereum and earn additional income. As the crypto industry continues to expand, solutions like these are set to become increasingly important.