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6d ago

Grayscale First in U.S. to Add Staking to Spot Ethereum ETFs, Extends Feature to Solana Trust

Rewards flow through institutional custody into fund NAV, with a cash‑payout option on select products.

Grayscale adds staking feature to Ethereum, Solana ETF products - Details!
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Photo: Michael Nagle
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Overview

  • Staking is now live for Grayscale’s Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH), and activated for the over‑the‑counter Grayscale Solana Trust (GSOL) as the firm seeks approval to convert GSOL into a listed ETP.
  • Grayscale staked about 32,000 ETH—roughly $150 million—at launch on Oct. 6–7 in the first operational deployment of staking inside U.S.-listed spot crypto ETPs.
  • The program uses custodians such as Coinbase Custody and BitGo with validator partners including Figment and Kiln, and funds are expected to stake only a portion of holdings to maintain daily liquidity given withdrawal timelines.
  • Staking rewards generally accrue to fund net asset value for tax efficiency, with ETHE offering a cash distribution option and an effective yield expected to be modest, near 2% in practice.
  • Early flows were limited, with under $20 million combined into the staking‑enabled ETFs on debut, as larger inflows were reported at competitors like BlackRock, and the SEC continues to review staking amendments from other issuers.