Grayscale Seeks to Incorporate Staking into Ethereum ETFs in Discussions with the SEC

Apr 29, 2025
Grayscale Seeks to Incorporate Staking into Ethereum ETFs in Discussions with the SECGrayscale Seeks to Incorporate Staking into Ethereum ETFs in Discussions with the SEC

Grayscale’s Push for Ethereum ETF Expansion

Grayscale is pushing to break new ground in the crypto ETF space, recently meeting with the U.S. Securities and Exchange Commission’s (SEC) Cryptocurrency Task Force to discuss an expansion of its Ethereum offerings.

The asset manager is seeking approval to amend its filings for both the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), aiming to introduce staking into these investment products.

If approved, the change would allow these ETFs to generate additional yields for investors by staking Ethereum — a process where tokens are locked to support blockchain operations like validating transactions. This would mark the first time a U.S.-listed Ethereum ETF integrates staking rewards alongside price exposure.

Grayscale’s move comes at a time when institutional investors are increasingly looking beyond simply holding crypto, showing a growing appetite for deeper involvement in blockchain ecosystems.

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Regulatory Challenges Ahead

Yet, staking remains a regulatory grey zone in the U.S., especially after past scrutiny of centralized platforms offering similar services.

A green light from the SEC would signal a major evolution in crypto investment vehicles, blending traditional ETF structures with decentralized finance (DeFi) features in ways not previously seen in the American market.

Expert Insight

Alexander Stefanov