Grayscale has officially introduced the first spot cryptocurrency Exchange-Traded Products (ETPs) in the United States that feature integrated staking. This milestone opens new opportunities for investors seeking passive income from Ethereum and Solana while using traditional brokerage accounts.
The newly launched products include Grayscale Ethereum Trust ETF (ETHE), Grayscale Ethereum Mini Trust ETF (ETH), and Grayscale Solana Trust (GSOL). ETHE and ETH focus on Ethereum, while GSOL provides exposure to Solana. All three allow investors to earn staking rewards directly, without managing nodes or validators themselves.
These ETPs operate outside the scope of the Investment Company Act of 1940, meaning they are not registered as traditional ETFs or mutual funds under US law. Grayscale emphasized that staking will be executed passively via institutional custodians and a decentralized network of validators, enhancing both network security and resilience.
Peter Mintzberg, CEO of Grayscale, highlighted:
“Staking within our spot Ethereum and Solana products represents the kind of innovation Grayscale was created for.”
Looking ahead, Grayscale plans to expand staking functionality to additional products, signaling a broader strategy to combine conventional investment structures with decentralized finance innovations.
This move follows other ETP launches in Europe, such as 21Shares’ dYdX ETPs listed on the Paris and Amsterdam exchanges, showing growing institutional interest in crypto investment products with added DeFi features.
