Core Insights - Grayscale has partnered with Figment for institutional staking as the SEC approaches deadlines for altcoin ETFs [1][2] - The partnership aims to integrate Proof-of-Stake rewards into Grayscale's ETPs, allowing passive income generation for investors [3] - Solana's treasury holdings have increased significantly, reaching $2.9 billion, indicating strong corporate demand ahead of SEC ETF decisions [4] Group 1: Grayscale and Figment Partnership - Grayscale selected Figment as its institutional staking partner to enhance staking operations for its US Ethereum ETPs and Solana Trust [1] - Figment's infrastructure will enable Grayscale to offer staking rewards directly within its ETPs, facilitating passive income for investors [3] - Figment manages $6.19 billion in total staked assets, with 39.1% allocated to Solana as of October 9, 2025 [3] Group 2: Solana's Market Position - Solana's treasury holdings rose by 22.7% to $2.9 billion, reflecting ongoing corporate interest despite market fluctuations [4] - New projects like America.Fun are launching on Solana to promote the USD1 stablecoin, enhancing its utility and liquidity [5] - DevvStream in Canada reported a $2.7 million investment in SOL, surpassing its Bitcoin holdings, indicating a shift in asset preference [7]

Partnerships & Services - Grayscale 选择 Figment 作为 Solana Trust 的 Staking 提供商 [1] - Figment 将为 Grayscale 的 Solana Trust 提供 Staking 服务 [1] Regulatory & Investment - 美国投资者可以通过受监管的产品赚取 Staking 奖励 [1] - Grayscale 的 Solana Trust 允许美国投资者参与 Staking [1]

Product Innovation - Grayscale introduces the first U_S_-listed spot crypto ETPs with staking for Ethereum and Solana [1] - The products include Ethereum Mini Trust ETF ($ETH), Ethereum Trust ETF ($ETHE), and Solana Trust ($GSOL), pending regulatory approval [1] - These ETPs offer investors exposure to ETH and SOL while earning staking rewards [2] Strategic Initiative - Grayscale's initiative represents "first-mover innovation" and leverages $35 billion in assets under management [2] - Staking will be handled through institutional custodians and a network of validator providers, supporting network security and long-term resilience [2] - Grayscale's staking ETPs aim to combine traditional brokerage access with exposure to long-term network growth [3]

Product Launch - Grayscale launched the first U.S-listed spot crypto ETPs with staking for Ethereum and Solana [1] - The products include Ethereum Mini Trust ETF ($ETH), Ethereum Trust ETF ($ETHE), and Solana Trust [1] Market Impact - The launch allows investors to access ETH and SOL while collecting staking rewards [1] - This marks a U.S first for spot crypto products [1]

Product Innovation - Grayscale unveils the first U.S-listed spot crypto ETPs that allow staking for Ethereum and Solana [1] - The products include Ethereum Mini Trust ETF ($ETH), Ethereum Trust ETF ($ETHE), and Solana Trust ($GSOL), pending regulatory approval [1] - These ETPs provide investors exposure to ETH and SOL while earning staking rewards, a first for U.S spot crypto products [2] Strategic Initiative - Grayscale's initiative represents "first-mover innovation" and leverages the platform's $35 billion in assets under management [2] - Grayscale's staking ETPs aim to combine traditional brokerage access with exposure to long-term network growth [3] - Staking will be handled through institutional custodians and a network of validator providers, supporting network security and long-term resilience [2]

Crypto ETFs & Staking - Grayscale launched the first U_S_-listed spot crypto ETFs that enable staking [1] - The ETFs include the Ethereum Mini Trust ETF ($ETH) and Ethereum Trust ETF ($ETHE) [1] - Grayscale's Solana Trust ($GSOL) has also enabled staking, pending regulatory approval for uplisting to a spot Solana ETP [1]

ETF Filings & Status - Multiple entities including VanEck, 21Shares, Canary Capital, Bitwise, Grayscale, Franklin Templeton, Fidelity, CoinShares, and Invesco Galaxy have filed for Solana ($SOL) ETFs [1][2][3][4] - The status of all filings is currently pending approval [1][2][3][4] - Many filers amended their S-1 filings in June 2025 to include staking provisions, aligning with SEC requests [1][2][3][4] Regulatory Scrutiny & Process - The SEC's review process for Solana ETFs mirrors that of Bitcoin and Ethereum ETFs, involving 19b-4 filings and a 240-day decision window [5] - SEC requested further updates by the end of July 2025 [1] - SEC extended the decision deadline for Grayscale's Solana Trust ETF conversion to October 10, 2025, indicating thorough scrutiny [3] Staking & Market Impact - Inclusion of staking language in amended filings reflects Solana's high staking rate, with over 67% of the SOL supply staked [5] - Approval of Solana ETFs could drive institutional adoption, simplify investor access through brokerage platforms, and integrate SOL into diversified crypto ETFs [6] - Analysts predict high odds of approval in 2025 [1]