Investment firm Grayscale has announced the launch of the first spot exchange-traded products (ETPs) with staking for cryptocurrencies in the US. The new instruments include the Grayscale Ethereum Trust ETF (ETHE), Grayscale Ethereum Mini Trust ETF (ETH), and Grayscale Solana Trust (GSOL).
This is reported by Finway
Opportunities for Investors and Features of the ETPs
Owners of the new ETPs can stake Ethereum and Solana directly through traditional brokerage accounts. Specifically, ETHE and ETH provide access to Ethereum assets, while GSOL offers access to Solana. These are the first spot ETPs in the US that support earning income from staking the mentioned cryptocurrencies through the standard infrastructure of financial markets.
It is worth noting that these funds are not registered under the Investment Company Act of 1940. Therefore, they do not have the status of traditional ETFs or mutual funds and are not subject to the corresponding regulatory requirements.
Passive Staking and Grayscale’s Future Plans
According to the company, staking is implemented passively — through institutional custodians and a decentralized network of validators. This approach, in Grayscale’s view, enhances the security of blockchain networks and contributes to their resilience.
“Staking in our spot funds for Ethereum and Solana is exactly the type of innovation that Grayscale was created for,” commented the company’s CEO, Peter Mintzberg.
Grayscale plans to expand the staking feature to other investment products in the future.
It was previously announced that the company 21Shares has introduced ETPs based on dYdX, which are already available on exchanges in Paris and Amsterdam.