Grayscale has introduced staking in its Ether and Solana investment products, becoming the first company to offer staking through a U.S.-listed spot crypto exchange-traded product (ETP).
This update applies to the Grayscale Ethereum Trust ETF (ETHE), Ethereum Mini Trust ETF. Ethereum$4,575.50and Grayscale Solana Trust (GSOL) were already available to investors.
Grayscale’s ETHE has an estimated net worth of $4.82 billion, while the mini-trust has an estimated net worth of $3.31 billion. The company’s GSOL Trust manages $122.5 million in assets.
By adding staking, Grayscale offers investors a way to earn rewards from blockchain networks without directly owning or controlling the underlying assets.
Staking is central to how proof-of-stake blockchains like Ethereum and Solana operate. Users who stake funds can earn tokens in return for validating transactions and helping to keep the network safe.
Grayscale says it will passively stake assets through its network of institutional custodians and validator providers, with the goal of maintaining network support while achieving its funding goals. ETHE and ETH provide exposure to Ether, while GSOL holds Solana, which is currently traded over-the-counter.
GSOL has applied for fund conversion and, if exchange trading is approved, could become one of the first listed companies in Solana ETP to hold shares.
