Woofun AI reports that Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) revised its trust agreement on July 23, securing SEC approval to engage in staking activities using fund-held crypto assets. Coinbase Cloud is designated as the initial staking service provider.

Under the revenue distribution framework, the Sponsor retains all net staking income up to 25 basis points annually on ordinary share NAV. Any yield exceeding this threshold is allocated 40% to the Sponsor and 60% to ordinary shareholders. The fund intends to commence staking operations once prepared.