Key Takeaways
- Grayscale staked 857,600 ETH, worth $3.8 billion on Oct. 8.
- The staked ETH is held in both Grayscale’s ETHE and ETH ETF products.
Grayscale, a digital asset management firm, staked 857,600 ETH valued at $3.8 billion today across its Ethereum ETP products. The move represents one of the largest institutional staking positions in the Ethereum network.
The staked tokens are distributed between Grayscale’s ETHE and ETH ETFs, both of which now offer staking rewards to investors through on-chain participation.
Grayscale became the first provider of staking capabilities in US-listed Ethereum ETPs, bridging crypto rewards with regulated investment vehicles. The feature allows traditional investors to earn yields from Ethereum’s proof-of-stake consensus mechanism without directly managing digital wallets or validator nodes.
Grayscale has reportedly staked nearly 890,000 ETH, following the debut of its first crypto staking ETPs in the US.
Source: https://cryptobriefing.com/grayscale-stakes-857600-eth-ethereum-etfs/
