Grayscale is gearing up to stake over 40,000 of its Ether (ETH) holdings, suggesting it may become the first US Ethereum ETF sponsor to engage in staking as regulatory clarity from the SEC emerges. The crypto asset manager currently holds over 1.06 million ETH valued at around $4.8 billion. This move follows recent SEC decisions that hint at allowing staking within regulated funds, increasing optimism in the market. Analysts believe that if staking is permitted within spot Ether ETFs, it could greatly enhance institutional demand by enabling investors to earn rewards. The SEC's ongoing review of Grayscale’s proposals related to staking could be pivotal, especially since no current US spot Ether ETFs incorporate staking features. The transfer of ETH also aligns with increasing demand for Ether, driven by a surge in ETF inflows and diminished supply on exchanges due to institutional investments. As Grayscale positions itself for potential approval, the interest in staking and ETH is anticipated to grow further, reshaping the market landscape.

Source 🔗