Methodic Capital Management announced Wednesday the launch of the Methodic CoinDesk ETH Staking Fund, designed to offer professional investors the total return of ether (ETH) by combining exposure to both the token itself and staking rewards.
Methodic's fund arrives at a time when investment firms are racing to offer digital asset investment vehicles. Several asset managers introduced futures-based ETH exchange-traded funds (ETF) earlier this month and Cathie Woods's ARK Invest filed for a spot ETH ETF last month.
"This compliant, indexed, passive, private fund caters to high-net-worth and institutional investors as well as companies looking to accumulate ETH to support future on-chain business, aligning with the evolving needs of the digital asset investment landscape," the press release reads.
“We are setting a new management standard for ETH Staking products,” said Jason Hall, CEO of Methodic Capital. “BitGo's custody capabilities and our diligent quarterly financials reporting will provide a secure, transparent and precise way to invest.”
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