Grayscale Launches First US-Staked Ethereum Solana Crypto ETFs Amid Market Rally

Grayscale has made a significant advancement by enabling staking for its Ethereum and Solana trust exchange-traded products (ETPs), marking a first for U.S.-listed spot crypto ETPs and allowing investors to access staking through traditional brokerage accounts amid pending regulatory approvals. Bitcoin has surged past $125,000, driving the total crypto market capitalization near $4 trillion and fueling strong investor enthusiasm, though analysts caution about potential short-term profit-taking due to elevated sentiment indicators. The ongoing U.S. government shutdown, which began on October 1, has delayed key economic data and SEC decisions, injecting uncertainty but also bolstering expectations of Federal Reserve interest rate cuts, which in turn supports crypto assets like Bitcoin and Ethereum. BTC reached a new all-time high of $125,600 before a slight correction, while inflows into Bitcoin and Ethereum ETFs have hit record levels, signaling robust institutional interest. The shutdown has historically correlated with increased Bitcoin demand as traders seek alternatives to fiat currencies, contributing to the positive momentum in both crypto assets and ETFs. Market watchers are closely monitoring upcoming SEC decisions, including on a combined Bitcoin and Ethereum ETF, which could significantly influence institutional flows and price trajectories.