Grayscale Investments says it’s adding staking features to several of its cryptocurrency exchange-traded funds (ETFs), marking the first time US-listed spot crypto exchange-traded products (ETPs) will offer staking rewards.
The firm says its Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) will both now allow staking.
The company also activated staking for the Grayscale Solana Trust (GSOL). Grayscale said it plans to seek regulatory approval to uplist the Solana fund as an exchange-traded product, which would make it one of the first Solana spot ETPs to include staking.
Says Peter Mintzberg, Grayscale CEO,
“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver.
As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.”
The company says the move is designed to give investors exposure to the long-term growth of the Ethereum (ETH) and Solana (SOL) networks while maintaining the funds’ focus on spot asset performance. Staking will be handled through institutional custodians and validator partners, allowing Grayscale to support network security and reliability.
Grayscale says it intends to expand staking to additional products as it continues to focus on transparency and investor education.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
