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]