Grayscale launches first US staking-enabled spot crypto ETPs

Crypto plus manager Grayscale has introduced staking for its exchange-traded products (ETPs), becoming the archetypal US-based crypto money issuer to connection staking-based passive income opportunities.

Grayscale said Monday its Ether (ETH) ETFs — the Grayscale Ethereum Mini Trust ETF (ETH) and Grayscale Ethereum Trust ETF (ETHE) — are present the archetypal US-listed spot crypto funds to connection staking, calling the improvement “another first-mover milestone.”

Grayscale’s Solana (SOL) fund, the Grayscale Solana Trust (GSOL), has besides enabled staking and is awaiting regulatory support for uplisting to an ETP, which would marque it the archetypal spot Solana ETPs to alteration staking, according to the company’s Monday X post.

By enabling staking crossed Ethereum and Solana-based products, Grayscale aims to connection investors vulnerability to the “long-term worth accrual of these networks portion maintaining the funds’ halfway objectives,” the institution said.

Source: Grayscale

“Staking successful our spot Ethereum and Solana funds is precisely the benignant of archetypal mover innovation Grayscale was built to deliver,” said Grayscale CEO Peter Mintzberg. “As the #1 integer asset-focused ETF issuer successful the satellite by AUM, we judge our trusted and scaled level uniquely positions america to crook caller opportunities similar staking into tangible worth imaginable for investors.”

Both ETHE and ETH are ETPs registered nether the Investment Company Act of 1940, meaning they aren’t taxable to the aforesaid regulations arsenic crypto ETFs registered nether the aforesaid act.

“ETHE and ETH clasp integer assets; however, an concern successful ETHE and ETH is not a nonstop concern successful integer assets,” the institution said.

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