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Grayscale Introduces First Spot Crypto ETFs Listed in the US Permitting Staking for ETH and SOL
Grayscale has introduced the inaugural US-listed spot crypto ETFs that facilitate staking for its Ethereum offerings, namely the Ethereum Mini Trust ETF ($ETH), the Ethereum Trust ETF ($ETHE), and the Solana Trust ($GSOL), pending final regulatory endorsement.
As the leading digital asset investment platform with around $35 billion in assets under management (AUM), Grayscale is confident that its established ETH and SOL products are strategically positioned to convert opportunities, such as staking, into tangible value for investors.
In a press release dated October 6, the company indicated that enabling staking for its Ethereum and Solana funds provides investors with exposure to the long-term value appreciation of these networks while maintaining the core investment objectives of the funds.
Today, Grayscale Ethereum Mini Trust ETF (Ticker: $ETH) and Grayscale Ethereum Trust ETF (Ticker: $ETHE) have become the first U.S.-listed spot crypto exchange-traded products (ETP) to enable staking, marking another pioneering achievement for the firm.
Grayscale Solana Trust (OTCQX:… pic.twitter.com/45963Bn9UW— Grayscale (@Grayscale) October 6, 2025
Grayscale First US-Listed Spot Crypto ETFs Turn Staking Into Real Investor Value
ETHE and ETH will continue to offer spot Ether exposure, while GSOL provides spot Solana exposure.
Grayscale CEO Peter Mintzberg remarked, “Staking in our spot Ethereum and Solana funds is precisely the type of first-mover innovation Grayscale was designed to deliver.”
Through institutional custodians and a network of validator providers, Grayscale intends to stake passively, thereby enhancing the underlying blockchain protocols and bolstering their long-term stability.
Earlier this year, the New York Stock Exchange (NYSE) submitted a proposal to the US Securities and Exchange Commission (SEC) on behalf of Grayscale to permit staking in its spot Ethereum ETFs.
While some industry analysts anticipated that it might take time for the SEC to evaluate staking for crypto ETPs, discussions involving Solana-based Jito and Multicoin Capital indicated that regulators were already reconsidering staking for Ethereum and possibly other crypto ETPs.
This recent development contributes to the SEC’s increasing willingness to provide investors with access to more sophisticated crypto products within regulated frameworks.
In addition to staking, Grayscale has recently introduced the Grayscale Ethereum Covered Call ETF (ETCO), an actively managed fund aimed at generating income from ETH-linked instruments via option premiums.
As per Grayscale’s fund page, ETCO aims for biweekly payouts, akin to its Bitcoin covered-call product.
In September, the SEC also granted approval for Grayscale’s Digital Large Cap Fund (GDLC), the first-ever multi-crypto ETP in the U.S. market.
The @SECGov has approved @Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto ETP to hit the market. #SEC #Grayscalehttps://t.co/bKCqaHSrdA
— Cryptonews.com (@cryptonews) September 18, 2025
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GDLC offers diversified exposure to five prominent cryptocurrencies, including Bitcoin, Ether, XRP, Solana, and Cardano.
In addition to Bitcoin, Ethereum, and Solana, Grayscale has also submitted S-1 registration statements with the SEC for spot Polkadot and Cardano ETFs.
Both trusts were established as Delaware Statutory Trusts on August 12, following Grayscale’s standard filing procedure.
Grayscale is also pursuing a Dogecoin ETF, as disclosed under the ticker GDOG in its latest SEC submission.
$5.95 Billion Inflows Signal Soaring Interest in U.S. Spot Crypto ETFs
Over the past year, the SEC’s position regarding crypto ETFs has become increasingly favorable.
In July, the regulator approved in-kind creation and redemption mechanisms for crypto ETFs and authorized spot Bitcoin and Ethereum ETFs, along with options trading on certain spot Bitcoin ETPs.
The recent approval of staking features for ETH and SOL represents another significant advancement in this trend.
This shift follows Grayscale’s landmark court victory during the Biden administration, which facilitated the introduction of spot Bitcoin ETFs in January 2024 and spot Ether ETFs later that same year.
The U.S. market for spot Bitcoin and Ether ETFs is currently flourishing.
ETF analyst Eric Balchunas recently reported unprecedented inflows of $5.95 billion in digital asset investment products last week, marking the highest weekly total to date.
Bitcoin led with $3.55 billion, followed by Ethereum at $1.48 billion. Solana attracted $707 million, while XRP garnered $219 million.
Bitcoin hit ATHs last night after the ETFs went wild last week with +$3.3b in a week, $24b for year (also notable $IBIT and $ETHA w $10b for month, rank 3rd and 4th overall) and now $60b lifetime (new high water mark). Pretty good. No way @WhalePanda can still be pissed, right? pic.twitter.com/xHH3yjp4U7
— Eric Balchunas (@EricBalchunas) October 5, 2025
These record inflows coincided with Bitcoin achieving a new all-time high of $125,708 and Ether approaching its November 2021 peak above $4,500.
The post Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL appeared first on Cryptonews.
