Hashdex Nasdaq CME Crypto Index ETF Approved for Staking, Coinbase to Provide Services

The Hashdex Nasdaq CME Crypto Index ETF (ticker: NCIQ) completed a trust agreement amendment on July 23, allowing for staking activities on the crypto assets held by the fund, with Coinbase Cloud as the initial staking service provider. The staking income distribution plan stipulates that 25 basis points (annualized) of the net asset value of the ordinary shares will be allocated entirely to the Sponsor; any amount exceeding this threshold will see 40% allocated to the Sponsor and 60% to the ordinary share holders. The fund is expected to initiate staking activities once it is operationally ready.

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