other material
confidence high
sentiment neutral
materiality 0.70
Hashdex Nasdaq CME Crypto Index ETF to launch staking program; creates Sponsor Share class for staking income allocation
Hashdex Nasdaq CME Crypto Index ETF
- Trust amended sponsor and trust agreements to allow staking of crypto assets; new Sponsor Share class created for staking income allocation.
- Net staking income allocated: first 25 bps of NAV (annualized) to Sponsor; excess split 40% Sponsor, 60% to common shareholders.
- Staking to be conducted through Coinbase Cloud as initial Staking Services Provider; trust expects to commence promptly.
- Entered into Authorized Participant Agreement with Marex Capital Markets and digital asset purchase/sale agreement with JSCT, LLC.