Grayscale became the first US crypto fund issuer to feature staking for its Ethereum and Solana exchange-traded products. Crypto asset manager Grayscale has introduced staking for its exchange-traded products (ETPs), becoming the first US-based crypto fund issuer to offer staking-based passive income opportunities. Grayscale said on Monday its Ether (ETH) ETFs — the Grayscale Ethereum Mini Trust ETF (ETH) and Grayscale Ethereum Trust ETF (ETHE) — are now the first US-listed spot crypto funds to offer staking, calling the development “another first-mover milestone.” Grayscale’s Solana (SOL) fund, the Grayscale Solana Trust (GSOL), has also enabled staking and is awaiting regulatory approval for uplisting to an ETP, which would make it one of the first spot Solana ETPs to enable staking, according to the company’s Monday X post. Read more
ETHZilla’s CEO says the Ethereum treasury company plans to work with layer-2 protocols to generate a higher yield than it could get from staking. ETHZilla CEO McAndrew Rudisill has revealed he made the decision to go all in on Ethereum after seeing its potential in the nearly trillion-dollar global remittance market. Two months later, his formerly floundering biotechnology company is now the eighth-largest public Ethereum treasury in the world. “Ethereum is effectively a gateway for money supply globally to transmit in US dollars,” ETHZilla CEO McAndrew Rudisill told Cointelegraph. Read more
Bitwise’s Hunter Horsley says Solana’s shorter unstaking period gives it an advantage over Ethereum in the race for staking ETFs, as US regulators prepare key decisions in October. Bitwise CEO Hunter Horsley says Solana may gain an edge over Ethereum in the staking exchange-traded fund (ETF) market, pointing to its design as more favorable for investors. Speaking with Cointelegraph editor Andrew Fenton at Token2049 in Singapore, Horsley argued that Solana’s quicker unstaking period gives it an advantage over Ethereum. For instance, Ethereum’s withdrawal queue recently reached new highs, while Solana’s typically clears faster. Horsley said that difference matters for issuers who must be able to return assets to investors quickly. “It’s a huge problem,” Horsley said. “The ETFs need to be able to return assets on a very short time frame. So this is a huge challenge.” Read more
SharpLink, one of the world’s largest public holders of ETH, has notified the SEC of its plans to tokenize its common stock on Superstate’s Open Bell tokenization platform. SharpLink Gaming, one of the world’s biggest public holders of Ether, announced plans to tokenize its common stock on the Ethereum blockchain. SharpLink has partnered with the financial technology firm Superstate to tokenize its Nasdaq-listed stock SBET through Superstate’s Open Bell tokenization platform, the company said Thursday. “Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement — it is a statement about where we believe the future of the global capital markets is headed,” SharpLink co-CEO Joseph Chalom said. Read more
ETH’s breakdown from a key chart pattern can now lead to more losses for Ether price, targeting the $3,600–$3,400 zone in the short term. Key takeaways: One ETH trader lost $36.4M in a single liquidation, cementing over $45M in total losses. Ethereum now faces heavy long liquidation clusters at $2,370–$2,500. Read more