#Grayscale Launches First U.S. #Staking
$ETH ETFs
Grayscale has introduced staking functionality to its spot
$ETH exchange-traded funds, marking the first time U.S. investors can earn staking rewards through traditional #ETF products. The asset manager activated the feature for both its
$ETH Trust ETF and
$ETH Mini Trust ETF on Monday.
The firm filed its staking addendum with the Securities and Exchange Commission on Monday, enabling institutional investors to capture additional yields beyond price appreciation. Grayscale will utilize institutional custodians including #Coinbase and a diversified network of validator providers to stake its
$ETH holdings.
Grayscale CEO Peter Mintzberg described staking as the type of first-mover innovation the company was built to deliver. He emphasized that the firm's position as the largest digital asset–focused ETF issuer by assets under management uniquely positions it to convert new opportunities into tangible value for investors.
The
$ETH Trust ETF holds $4.82 billion in assets, making it the second-largest
$ETH fund on Wall Street. Both products will now allow investors to participate in Ethereum's proof-of-stake consensus mechanism, which the network adopted in 2022 to reduce energy consumption.
