Particle.news
Download on the App Store
12 ARTICLES
·
1h ago

Grayscale Launches First U.S. Spot Crypto ETPs With Staking for Ether, Activates Solana Trust

Regulatory treatment of staking in U.S. exchange-traded products remains unsettled after recent SEC delays.

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

Overview

  • Grayscale enabled staking on its U.S.-listed Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH) and turned on staking for its OTCQX-traded Solana Trust (GSOL), marking the first U.S. spot crypto ETPs to offer staking.
  • The firm will stake passively through institutional custodians and a diversified network of validator providers, with earned tokens accruing to each fund’s net asset value rather than being paid out as separate distributions.
  • Operations are structured to preserve liquidity for redemptions, with issuers typically staking only a portion of holdings on Ethereum due to withdrawal mechanics.
  • Grayscale manages about $35 billion in assets, reports ETHE holdings above 1 million ETH, and says the staking-enabled products represent billions in AUM, underscoring the rollout’s market scale.
  • Updated registration statements were filed for the trusts, which are not governed by the Investment Company Act of 1940, while GSOL’s proposed conversion to an exchange-traded product remains pending and SEC rulings on rival staking proposals from BlackRock, Fidelity, and Franklin Templeton were recently postponed.