Grayscale has introduced staking within its spot Ethereum exchange-traded products. Investors holding the Ethereum Trust ETF (ETHE) and the Ethereum Mini Trust ETF (ETH) can now earn staking rewards as part of their investment. The company framed this as giving people more flexibility, letting some reinvest their rewards for compounding while others take cash payouts instead. A Milestone for U.S. Crypto ETFs This development marks a first in the U.S. Grayscale is the only asset manager so far to integrat ...

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. ...