Grayscale Pioneers First U.S.-Listed Spot Crypto ETPs with Staking Capabilities

Grayscale created history on October 6, 2025 by introducing the first U.S.-listed spot cryptocurrency exchange-traded products (ETPs) with staking features. Three primary funds—the Ethereum Trust ETF (ETHE), the Ethereum Mini Trust ETF (ETH), and the Solana Trust GSOL—benefit from this advancement. ETH and GSOL manage a combined $8.25 billion in assets, 4.82 billion and $3.31 billion, respectively, while GSOL oversees $122.5 million. Notably, the Solana Trust is presently seeking regulatory clearance to go from over-the-counter trading to full ETP status. For investors to profit from proof-of-stake blockchains without directly managing crypto holdings, these staking solutions provide a revolutionary approach.

Grayscale's passive staking approach combines institutional custodians and a varied validator network to help support the blockchains while still following fund goals. Average staking returns on Ethereum are 3.2%, which offers chances to balance operating costs and perhaps reduce investor fees. Investors may decide between reinvesting rewards for compounding growth or getting cash payouts thanks to the program's freedom. This dual-option model welcomes both liquidity-focused and long-term growth-oriented investors, therefore increasing the popularity of Grayscale's offerings among many market sectors.

For the bitcoin sector, the launch also represents a legislative turning point. According to present regulations, liquid staking does not automatically qualify as a securities offering when properly planned—an important clarification from the SEC. Grayscale's products are registered under Not the more stringent Investment Company Act of 1940, the Securities Act of 1933 provides them with a special market position. This regulatory green light emphasizes the significance of this historical event as the post-Gensler SEC adopts a more crypto-friendly attitude.