CoinList, a cryptocurrency exchange and launchpad, is launching a fund that will allow US-accredited investors to earn returns from staking digital assets, the company said in a statement on October 12, 2023.
The fund, which initially supports the staking of Ethereum and Near, will allow investors to earn passive income from staking without having to own the digital assets themselves.
“Each digital asset will be pooled with like assets and staked according to the requirements of the protocol, and investors’ rewards will be issued in the native token in which they initially purchased fund interests or according to the rules of the protocol,” CoinList said in its statement.
CoinList plans to add support for several other chains including Flow, Sui, and Mina in the future.
Ethereum staking, in particular, has seen significant growth since the Merge and Shanghai upgrades. However, this has also led to a decline in staking yield.
The launch of CoinList’s new fund comes at a time when there is growing interest in staking as a way to generate passive income from digital assets.