Grayscale introduces first U.S. spot crypto ETFs with staking
Digital asset manager Grayscale Investments will launch staking for its Ethereum-based products — Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) — starting October 6.
According to the company’s announcement, this innovative move introduces the first U.S.-based spot crypto exchange-traded products (ETPs) that allow staking.
In addition to its Ethereum offerings, Grayscale also confirmed that staking has been activated for the Grayscale Solana Trust (GSOL), currently listed on OTC Markets Group. Upon expected regulatory approval for uplisting GSOL as an ETP, it would become one of the first Solana-based spot products with staking access via traditional brokerage accounts.
While ETHE and ETH are not registered under the Investment Company Act of 1940, and therefore do not offer the protections of 40 Act ETFs or mutual funds, they provide investors with direct exposure to spot Ethereum. GSOL, though not yet an ETP, offers a similar structure for Solana.
Participation in long-term value creation
Grayscale cautioned that these products carry significant risks, including potential loss of capital, and are not direct investments in underlying digital assets.
By integrating staking into its Ethereum and Solana-based products, Grayscale aims to enable investors to participate in the long-term value creation of these blockchain networks.
“Staking in our spot Ethereum and Solana funds is exactly the kind of innovation Grayscale aims to pioneer,” said Peter Mintzberg, CEO of Grayscale.
“As the world’s leading digital asset ETF issuer by AUM, we believe our robust and scalable platform uniquely positions us to transform new opportunities like staking into tangible investor value,” he added.
Grayscale’s staking strategy involves passive participation through institutional custodians and a diversified network of validator providers, helping secure the underlying protocols while enhancing the overall network resilience.
To accompany this product innovation, Grayscale has also released a new educational report titled “Staking 101: Secure the Blockchain, Earn Rewards,” aimed at helping investors understand how staking works, its role in blockchain ecosystems, and its potential benefits.
As we wrote, Grayscale joins ETF race with filings for Bitcoin Cash, Litecoin, Hedera
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