Grayscale debuts first U.S. spot crypto ETPs with staking
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Grayscale Investments announced its first spot Ethereum exchange-traded products in the U.S. that support on-chain staking on October 6.
Grayscale said it has also enabled staking for Solana-based products pending regulatory approval. The ETPs will allow investors to receive staking rewards from underlying digital assets while holding a regulated exchange-traded product.
The products will operate under U.S. Securities and Exchange Commission oversight (SEC). Grayscale is leveraging recent regulatory changes, specifically the implementation of generic listing standards, that streamline approval for digital asset products.
CEO Peter Mintzberg said the firm intends to bring the first multi-asset and staking-enabled ETPs to market. On-chain data shows Grayscale moved over 40,000 ETH in recent days, interpreted as preparatory measures for staking activity.
The new products build on Grayscale's earlier effort to add staking to its Ethereum offerings. The firm previously estimated that U.S. Ethereum ETPs missed about $61 million in staking rewards through February 2025.
The products will operate under U.S. Securities and Exchange Commission oversight (SEC). Grayscale is leveraging recent regulatory changes, specifically the implementation of generic listing standards, that streamline approval for digital asset products.
CEO Peter Mintzberg said the firm intends to bring the first multi-asset and staking-enabled ETPs to market. On-chain data shows Grayscale moved over 40,000 ETH in recent days, interpreted as preparatory measures for staking activity.
The new products build on Grayscale's earlier effort to add staking to its Ethereum offerings. The firm previously estimated that U.S. Ethereum ETPs missed about $61 million in staking rewards through February 2025.
The SEC approved a rule permitting generic listing of qualified crypto ETPs. Exchanges may now list approved products without case-by-case review, potentially accelerating future staking-enabled products for Solana, Ethereum, and other proof-of-stake blockchains.
The investment giant has not disclosed specific launch dates for the Solana products or which other assets will receive staking-enabled ETPs. The company indicated it will announce additional details following regulatory clearance.
The staking feature differentiates these products from existing spot crypto ETPs that hold assets without generating yield. Investors in staking-enabled products would receive a portion of rewards generated by validators securing blockchain networks.
Grayscale operates as one of the largest digital asset managers and launched the first Bitcoin trust product in 2013. The company converted several of its trusts to spot ETFs in 2024 following SEC approvals.
The announcement comes as other asset managers explore staking features for their crypto products. BlackRock and Fidelity have filed applications to add staking to Ethereum ETFs but have not received approval.
The investment giant has not disclosed specific launch dates for the Solana products or which other assets will receive staking-enabled ETPs. The company indicated it will announce additional details following regulatory clearance.
The staking feature differentiates these products from existing spot crypto ETPs that hold assets without generating yield. Investors in staking-enabled products would receive a portion of rewards generated by validators securing blockchain networks.
Grayscale operates as one of the largest digital asset managers and launched the first Bitcoin trust product in 2013. The company converted several of its trusts to spot ETFs in 2024 following SEC approvals.
The announcement comes as other asset managers explore staking features for their crypto products. BlackRock and Fidelity have filed applications to add staking to Ethereum ETFs but have not received approval.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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