US SEC Approves Grayscale Ethereum Trust Listings Under NYSE Arca Rule 8.201-E
According to Grayscale, its Ethereum Trust and Ethereum Mini Trust have become the first U.S.-listed spot crypto ETPs to enable staking, marking a major milestone for regulated digital asset products.
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Fact Check
The evidence strongly and directly confirms the statement. Official sources from NYSE Regulation (Source 1) explicitly mention the 'Order Granting Accelerated Approval' for the Grayscale Ethereum Trust ETF. Furthermore, legal analysis of the SEC's action (Source 3) and federal filings (Source 4) directly link the approval of the Grayscale Ethereum Trust to NYSE Arca Rule 8.201-E. This is corroborated by multiple reputable financial news outlets.
- Reference: 1
Summary
Grayscale announced on October 6 that its Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF are now the first U.S.-listed spot crypto exchange-traded products to support staking. The update allows investors to earn staking rewards while maintaining ETF exposure to Ethereum. The firm also enabled staking for the Grayscale Solana Trust (GSOL), enabling access to SOL staking through traditional brokerage accounts. The move represents a significant step in integrating staking functionality into regulated investment vehicles.
Terms & Concepts
- Staking: The process of locking up cryptocurrency tokens to support network operations and earn rewards, typically in proof-of-stake blockchains.
- ETP (Exchange-Traded Product): A type of security that tracks the performance of an underlying asset, such as cryptocurrencies, and is traded on stock exchanges.
- Grayscale Solana Trust (GSOL): An investment vehicle by Grayscale allowing investors to gain exposure to Solana’s native token (SOL) through traditional brokerage accounts.