Grayscale Launches First US Crypto ETFs With Ethereum, Solana Staking

Grayscale Investments on Monday announced the first crypto exchange-traded funds (ETFs) that enable staking.

The company said its Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) are the first U.S.-listed spot crypto ETPs to enable staking. ETHE, launched in July last year, is the second-largest spot Ethereum ETF in the US, behind BlackRock’s iShares Ethereum Trust (ETHA). 

The company also confirmed that the Grayscale Solana Trust (GSOL) has activated staking. Pending regulatory approval for GSOL’s uplisting as an exchange-traded product, it is expected to become among the first spot Solana ETPs with staking functionality, Grayscale said.

By staking a portion of its Ethereum (ETH) and Solana (SOL) holdings, Grayscale provides exposure to ETH and SOL while generating network rewards. The firm will stake passively through institutional custodians and validator partners, supporting protocol security and long-term network health.

Grayscale CEO Peter Mintzberg said the firm’s latest staking rollout for Ethereum and Solana funds shows its focus on staying ahead of the market. Grayscale said it plans to extend staking to additional products as the digital asset ecosystem evolves.

While REX-Osprey offers a SOL ETF with native staking under the ‘40 Act, Grayscale’s Ethereum ETFs are the first U.S. spot crypto ETFs under the more common ‘33 Act to add staking, potentially setting a new precedent for Solana once GSOL converts.

Ethereum’s price was trading at around $4,500 at the time of writing, up 0.5% in the last 24 hours, according to CoinGecko data. Meanwhile, Solana’s price was up 0.2% in the last 24 hours, trading at around $233. Both blockchain platforms are leading contenders in the smart contracts space, enabling decentralized financial and complex applications not possible on Bitcoin (BTC). 

Read also: BNB Hits All-Time High, Leads Altcoin Rally After Bitcoin’s Weekend Surge Lifts Crypto Market To Record

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