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Canadian ETF issuer 3iQ will work with Coinbase to offer ETH stake in its funds

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Toronto-based digital asset manager 3iQ will begin offering ether (ETH) holdings in its Ether Fund and Ether ETF, becoming the first ETF issuer in North America to enable this investment strategy, the company announced. company on Wednesday. The feature will be available around August 28th.

Coinbase (COIN) will provide the necessary staking infrastructure to support staking and act as a custodian, according to the announcement. This comes as the US-based cryptocurrency exchange is doubling down on its Canadian business amid regulatory uncertainty in the US.

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