In brief
- Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States.
- It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion.
- Investors will be able to earn ETH staking rewards from the exchange-traded products.
U.S. investors in exchange-traded funds tracking Ethereum’s spot price can receive staking rewards for the first time.
Grayscale has introduced this functionality to its Ethereum Trust ETF (ETHE), the second-largest such fund on Wall Street with assets of $4.82 billion, as well as its Ethereum Mini Trust ETF (ETH).
The firm, which filed its staking addendum with the SEC on Monday, will rely on institutional custodians like Coinbase and a “diversified network of validator providers” to stake its Ethereum.
Staking has also been activated within the Grayscale Solana Trust, which is awa
Go to Source to See Full Article
Author: Connor Sephton
