Grayscale Adds Staking to U.S. Ethereum, Solana ETFs

Grayscale has become the first U.S.-listed issuer to add staking to spot crypto exchange-traded products, enabling its Grayscale Ethereum Trust ETFs (ETHE, ETH) and Solana Trust (GSOL) to earn staking rewards. The firm will stake a portion of holdings passively through institutional custodians — including Coinbase — and a network of validator providers, with rewards accruing to the funds’ net asset value rather than as separate distributions to preserve tax efficiency. An SEC filing discloses the sponsor, custodian and staking provider may share a portion of gross staking consideration (reported as a combined 23%). Grayscale, which manages roughly $35 billion in assets, says it will maintain liquidity for redemptions despite Ethereum withdrawal constraints; GSOL’s staking is active but conversion to an exchange-traded product remains pending regulatory approval. Industry observers note staking-enabled ETPs provide a yield-bearing alternative to price-only crypto ETFs, though effective yields for Ethereum products may be modest (analysts cite roughly 2% when only part of holdings are staked).