Grayscale Investments has announced a major industry first: Grayscale Ethereum Trust ETF (Ticker: ETHE) and Grayscale Ethereum Mini Trust ETF (Ticker: ETH) have become the first US-listed spot crypto ETPs to enable staking.
Grayscale also revealed that Grayscale Solana Trust (OTCQX: GSOL) has activated staking, giving investors one of the only ways to access SOL staking through a traditional brokerage account. Pending regulatory approval of GSOL’s uplisting as an ETP, it is expected to become one of the first spot Solana ETPs with staking.
The firm writes that ETHE and ETH are ETPs that are not registered under the Investment Company Act of 1940 (the “40 Act”) and therefore are not subject to the same regulations and protections as 40 Act-registered ETFs and mutual funds.
“An investment in ETHE and ETH involves significant risk, including possible loss of principal. ETHE and ETH hold digital assets; however, an investment in ETHE and ETH is not a direct investment in digital assets. GSOL is not an ETP and is quoted on OTC Markets Group.”
By staking across its Ethereum and Solana products, Grayscale writes that it offers investors exposure to the long-term value accrual of these networks while maintaining the funds’ core objectives: ETHE and ETH provide spot Ether exposure, and GSOL provides spot Solana exposure.
“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver,” says Peter Mintzberg, Chief Executive Officer of Grayscale. “As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.”
Through institutional custodians and a diversified network of validator providers, Grayscale writes that it will stake passively, helping secure underlying protocols while supporting long-term network resilience. Grayscale writes that it is also committed to investor education, recently publishing Staking 101: Secure the Blockchain, Earn Rewards, a new report that explains how staking works, why it matters, and how participants may benefit.
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