Grayscale Becomes First to Add Staking to US Spot Ethereum ETFs

Core Insights - Grayscale Assets Management has announced the introduction of staking for its spot Ethereum ETFs, marking a significant development in the crypto space [1][2] - The Ethereum price is showing strength, approaching the $4,600 mark, indicating a potential breakout to new all-time highs [1][2] Grayscale's Staking Initiative - Grayscale is launching a staking facility for its US-listed Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) [2] - The staking features aim to provide investors with exposure to the long-term value growth of the Ethereum network while maintaining the funds' primary objectives [3] - ETHE and ETH are not registered under the Investment Company Act of 1940, thus not subject to the same regulations as 40 Act-registered ETFs [3] Competitive Landscape - Other US issuers of Ethereum ETFs, such as BlackRock, Fidelity, and Ark Invest, are still awaiting SEC approval for their staking features [4] - The introduction of staking is expected to amplify yields for investors and drive greater institutional inflows [4] Expansion to Solana Trust - Grayscale has also introduced staking to its Solana Trust (GSOL), providing a traditional brokerage route for investors to earn staking rewards [5] - The firm has filed with the U.S. SEC to convert GSOL into an ETF under the 1933 Act, although it is not the first Solana staking ETF available [6] - The REX-Osprey Solana Staking ETF (SSK), regulated under the Investment Company Act of 1940, has grown its assets under management to $404 million since its launch in July [6] Market Context - The announcement comes amid the ongoing US government shutdown, which may delay decisions on several crypto ETFs scheduled for October [7]