Cryptocurrency Asset Manager Grayscale is preparing to share part of its massive ether holdings, one step that can signal confidence that US regulators will allow staking within the exchange-exchanged products.
Onchain data from Arkham Intelligence showed Grayscale moved by more than 40,000 ether (Eth) On Thursday, the activity corresponding to positioning for staking rewards. Arkham noted that if it was confirmed, Grayscale would be the first US Ethereum ETF sponsor to promote its handling.
Grayscale’s ETHEREUM TRUST (ETHE) Manages more than 1.06 million ETH, which costs more than $ 4.8 billion. The firm launched ETHE in 2017 as a private placement vehicle, and in 2024 the lower costs of Ethereum Mini Trust (Eth) by a slight rotation of Etheo’s assets.
The development complies with the US Securities and Exchange Commission (SEC) decision this year at Delaying decisions If the grayscale funds may include Eth staking. Since then, the regualtor has provided further clarity, indicating that Some forms of liquid staking It may not fall under its scope – opening the door to the potential adoption of regulated funds.
Although Grayscale has filed proposals to enable staking, the SEC has not yet approved them – indicating that the company may be positioning in advance of a decision. No ETFs of ETFs exist with staking features.
Arkham’s move -track will arrive one day after the SEC Grayscale Digital Great Cap Fund has been approved -A multi-asset crypto ETP that offers exposure to bitcoin (Btc), Ether, XRP (XRP), Solana (Sol) and cardano (Ada). The product allows investors to obtain different crypto exposure without buying individual tokens directly.
Related: Ethereum Unstaking Queue Goes ‘Parabolic’: What does the price mean?
Eth Staking ETF can be a market-changing game, says analysts
Analysts have long argued that approved staking within US ETFs can spark a new wave of institutional demand, allowing investors to earn rewards instead of just handling the owner.
10x Research Research Markus Thielen told Cointelegraph in July Staking for Ethereum ETFs can “noticeable reshape the market.”
The discussion came as demand for Ether accelerates. Spots ETF inflows have grown this year, while the amount of ETH held in exchanges fell into a three -year low in early September – a refusal attributed to corporate treasury and ETFs that absorb supply.
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