Grayscale debuts first US spot crypto ETPs with staking

Grayscale debuts first US spot crypto ETPs with staking

By Blockworks
Ethereum and Solana funds mark industry first as Grayscale adds staking to spot crypto products

Article Details

Grayscale has launched the first US spot cryptocurrency ETPs (Exchange-Traded Products) featuring staking capabilities, marking a groundbreaking development in the digital asset investment landscape. The innovative Ethereum and Solana funds represent an industry milestone, combining traditional ETF accessibility with DeFi staking rewards for institutional and retail investors.

This launch positions Grayscale at the forefront of cryptocurrency investment products, offering investors exposure to leading blockchain networks while generating additional yield through native staking mechanisms. The spot ETPs provide direct cryptocurrency exposure without futures contracts, delivering more accurate price tracking of underlying digital assets.

The integration of staking functionality enables investors to earn passive income from their Ethereum and Solana holdings while maintaining liquidity through exchange trading. This development could significantly impact cryptocurrency adoption rates and market dynamics, as institutional investors gain regulated access to staking rewards previously available only through direct blockchain participation.

Grayscale's pioneering approach addresses growing demand for sophisticated crypto investment vehicles, potentially attracting billions in institutional capital to the digital asset ecosystem. The launch reinforces the maturation of cryptocurrency markets and regulatory acceptance of innovative blockchain-based financial products in traditional investment frameworks.

Article Details

Market Sentiment
neutral
Category
ethereum
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Ethereum#Institutional

Additional Information

0

Read the Full Article

Continue reading this article on Blockworks

Read Full Article

Source: Blockworks

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Crypto Confidence Crumbles as Extreme Fear Dominates Market Sentiment
generalNegative

Crypto Confidence Crumbles as Extreme Fear Dominates Market Sentiment

The Crypto Fear & Greed Index fell to “Extreme Fear” levels on Tuesday, according to data from CoinMarketCap, after a sharp pullback across major digi...

Crypto Economy1 min
Sam Bankman-Fried Seeks New Trial After FTX Fraud Conviction
generalNegative

Sam Bankman-Fried Seeks New Trial After FTX Fraud Conviction

Sam Bankman-Fried seeks a new trial after his 2023 fraud conviction, citing limited evidence and challenging court rulings....

Blockonomi1 min
Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24
generalNegative

Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24

On Monday, the decentralized finance (DeFi) protocol Stream Finance announced that an external fund manager misplaced a jaw-dropping $93 million in St...

Bitcoin1 min
Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon
generalNegative

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon

TL;DR Binance CEO denies promoting Trump's stablecoin. The allegations involve a $2 billion investment in MGX. Senator Elizabeth Warren denounced thes...

Crypto Economy1 min
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case
generalNegative

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although...

Crypto Economy1 min
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
generalNegative

U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tie...

Coindesk1 min