Reported 3 days ago
Grayscale Assets Management has made headlines by being the first to offer staking in its US-located spot Ethereum ETFs, the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF, despite the ongoing US government shutdown. This innovative move aims to enhance long-term value growth for investors in the Ethereum network, amidst a positive price trend nearing $4,600. Unlike traditional ETFs, Grayscale's offerings aren't regulated under the Investment Company Act of 1940, allowing more flexibility in their operations. Grayscale has also initiated staking for its Solana Trust amid rising interest in crypto investments, even as other issuers seek SEC approval for similar features.
Source: YAHOO