🤑 Grayscale’s Staking Revolution: Ethereum & Solana Go Wild! 🚀

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Ah, the circus of crypto! Behold, Grayscale, the grand maestro of digital assets, has waved its wand and-poof!-staking is now enabled for its US Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH). Investors, rejoice! Your holdings shall now sprout additional yield like mushrooms after a rain. 🍄✨

But wait, there’s more! Grayscale’s Solana Trust (GSOL), still awaiting its ETF coronation, has also joined the staking fiesta. Will it become the first Solana ETP to stake its claim? Only the regulatory gods know. 🙏

Grayscale’s Staking Extravaganza: A First-Mover Farce

On a Monday as mundane as a bureaucrat’s desk, Grayscale proclaimed its Ethereum ETFs as the first US-listed spot crypto funds to offer staking. “A first-mover milestone,” they declared, with all the humility of a peacock in full plumage. 🦚 Meanwhile, GSOL, the eager understudy, awaits its regulatory spotlight to become a staking star.

“Today, Grayscale Ethereum Mini Trust ETF (Ticker: $ETH) and Grayscale Ethereum Trust ETF (Ticker: $ETHE) have become the first U.S.-listed spot crypto exchange-traded products (ETP) to enable staking, another first-mover milestone for the firm. Grayscale Solana Trust (OTCQX: $GSOL)* has also enabled staking. Pending regulatory approval of GSOL’s uplisting to an ETP, it would become one of the first spot Solana ETPs to enable staking.”

Innovation or Illusion? The Staking Charade

By staking Ethereum and Solana holdings, Grayscale promises investors exposure to the “long-term value accrual” of these networks. Ah, the sweet siren song of passive income! But fear not, for Grayscale will stake through institutionalized custodians and validator partners-because who doesn’t trust a middleman in a decentralized world? 🤡

“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver. As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.” – Peter Mintzberg, Grayscale CEO

ETHE and ETH, those peculiar creatures, are exchange-traded products under the Securities Act of 1933, not the Investment Company Act of 1940. Structurally distinct, yet legally akin to spot Bitcoin ETFs. A regulatory labyrinth, indeed! 🧩

“ETHE and ETH hold digital assets; however, an investment in ETHE and ETH is not a direct investment in digital assets.”

The SEC’s Silent Watch: Will Staking ETFs See the Light?

As the crypto industry holds its breath, the SEC looms like a stern headmaster, deciding the fate of the first US-listed Ether staking ETFs. Approval could unleash a torrent of institutional capital, or so the dreamers say. 🌊

“This would mark a monumental structural shift in how institutional capital flows into Ethereum, unlocking a new era of yield-driven participation.” – Markus Thielen, 10x Research

And let’s not forget the REX-Osprey Solana staking ETF, which debuted three months ago with a splash-$33 million in trading volume and $12 million in inflows on its opening day. The first Solana staking ETF under the Investment Company Act of 1940, it holds assets directly and distributes staking rewards. How quaint! 🎪

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2025-10-08 00:31