Methodic Capital Management launched the Methodic CoinDesk ETH Staking Fund, which aims to provide investors with ETH compound income by combining the risk exposure of the token itself and staking rewards.
The fund uses the CoinDesk ETH Total Return Index (ETXTR), which is composed of the CoinDesk ETH price index and the composite ETH staking rate, calculated by CoinDesk Indices and managed by digital asset management company CoinFund. BitGo will host and pledge the fund’s assets, while investment bank and FINRA-registered market Oasis Pro Markets will serve as a tokenization agent to facilitate secondary market transactions. (CoinDesk)