Grayscale has opened staking for multiple products

**Grayscale Launches Ethereum Staking Services, Triggering Massive Validator Queue Surge**

Cryptocurrency investment giant Grayscale has officially launched staking services across multiple digital asset products, with Ethereum (ETH) staking creating immediate market impact. The institutional crypto manager's entry into ETH staking has dramatically increased demand for validator positions, pushing the waiting time for new deposits beyond 23 days.

This significant development highlights growing institutional adoption of proof-of-stake cryptocurrencies and DeFi protocols. Grayscale's staking initiative allows investors to earn passive income through blockchain validation rewards while maintaining exposure to leading digital assets. The extended validator queue demonstrates robust demand for Ethereum staking services among institutional and retail crypto investors.

The 23-day waiting period represents substantial network congestion, indicating strong confidence in Ethereum's long-term value proposition. This move positions Grayscale to capture staking rewards while offering clients diversified cryptocurrency exposure through traditional investment vehicles. Market analysts view this development as bullish for Ethereum price action and broader blockchain adoption, particularly as institutional players increasingly integrate staking into their digital asset strategies.