Krutika Adani
Grayscale met with the SEC's Crypto Working Group, aiming to introduce staking to its Ethereum ETFs. The move could align U.S. policies with Europe and Canada, boosting ETF competitiveness and network security.
Grayscale highlights $61 million in lost returns due to current prohibitions. With 8.10 billion in assets under management, unlocking staking could significantly enhance fund performance and investor value.
With Coinbase Custody offering technical support, Grayscale aims to minimize staking risks. The proposal stresses secure operations while pushing for regulatory clarity and global alignment.
Markets showed cautious optimism following Grayscale’s push. SEC Commissioner Hester Peirce hinted at potential new guidance that could allow Ethereum staking in U.S. ETFs.