Asset management company Methodic collaborates with Coindesk to launch ETH staking fund

2023-10-18 21:23:28

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ChainCatcher news, according to CoinDesk, Methodic Capital Management has launched the Methodic CoinDesk ETH Staking Fund, aimed at providing investors with total ETH returns by combining the risk exposure of the token itself with staking rewards.

The fund utilizes the CoinDesk ETH Total Return Index (ETXTR), which is a combination of the CoinDesk ETH Price Index (ETX) and the Comprehensive ETH Staking Rate (CESR), calculated by CoinDesk Indices and managed by digital asset management firm CoinFund. BitGo will custody and stake the assets of the fund, while the investment bank and FINRA-registered market Oasis Pro Markets will act as a tokenization agent, incorporating the fund's shares into the blockchain world and facilitating secondary market trading.

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