In a historic move, Grayscale has launched the first publicly traded crypto staking Exchange-Traded Products (ETPs) on Wall Street, targeting Ethereum (ETH) and Solana (SOL). This innovation allows investors to earn staking rewards without the technical complexities of running validator nodes or managing private wallets.
The ETPs eliminate barriers like the 32 ETH requirement for Ethereum staking and hardware setup, enabling users to buy shares through traditional brokerage accounts. Net staking yields are distributed to shareholders after fees, with transparent performance tracking, bridging decentralized finance (DeFi) with institutional-grade custody and compliance.
This step democratizes access to passive income from crypto staking, potentially unlocking billions in yield opportunities and signaling Wall Street's growing acceptance of DeFi principles. Grayscale's products could set a precedent for other asset managers, accelerating mainstream adoption.
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HYPE