Grayscale introduced staking on Ether and Solana Investment products, which became the first firm to offer staking through listed products exchanged by Crypto Exchange (ETP).
The Update Applies to Grayscale Ethereum Trust ETF (ETHE), Ethereum Mini Trust ETF and Grayscale Solana Trust (GSOL), which is already available to investors.
Grayscale’s ETHE has an estimated $ 4.82 billion in net assets, while its mini trust has $ 3.31 billion. Its Gsol Trust has $ 122.5 million in possessions under management.
By adding staking, Grayscale gives investors a way to earn rewards from blockchain networks without directly holding or managing underlying ownership.
Staking is centered on how proof-of-stake blockchains run like Ethereum and Solana. Users who are running their funds are helping to prove transactions and keep the network safe, and earn tokens in return.
Grayscale said it would stake assets simplify by institutional custodians and a network of validator providers, aimed at maintaining network support while meeting fund purposes. ETHE and ETH offer exposure to ether, while GSOL is holding Solana and is currently exchanged over-the-counter.
GSOL can be one of the first listed Solana ETPs with staking if approved for exchange trading, as the firm has filed in Convert the fund.
