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Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL
Yahoo Financeยท 2025-10-06 15:17
Core Insights - Grayscale has launched the first US-listed spot crypto ETFs that allow staking for Ethereum and Solana products, pending final regulatory approval [1][3] - The company aims to transform staking opportunities into real value for investors, leveraging its established products [1][2] Group 1: Product Launch and Features - The newly launched ETFs include the Ethereum Mini Trust ETF ($ETH), the Ethereum Trust ETF ($ETHE), and the Solana Trust ($GSOL) [1][3] - Staking in these funds is designed to provide exposure to the long-term value growth of Ethereum and Solana while maintaining core investment objectives [2][3] Group 2: Regulatory Context - Earlier this year, the NYSE filed a proposal with the SEC to allow staking in Grayscale's spot Ethereum ETFs, indicating a potential shift in regulatory stance [4] - Discussions involving Solana-based entities suggest that regulators are reassessing staking for Ethereum and possibly other crypto ETPs [4] Group 3: Additional Product Offerings - Grayscale has also launched the Grayscale Ethereum Covered Call ETF (ETCO), which targets biweekly payouts through income generated from ETH-linked instruments [5] - The SEC approved Grayscale's Digital Large Cap Fund (GDLC), the first multi-crypto ETP in the U.S., providing diversified exposure to five leading cryptocurrencies [5][6]