Grayscale | Crypto

The filing expands Grayscale’s growing lineup of crypto-related exchange-traded products outside of Bitcoin and Ether. Crypto asset manager Grayscale on Monday filed an S-1 registration statement for the first US Worldcoin ETF, which would give investors a way to gain exposure to the WLD token through an exchange-traded product. According to the preliminary prospectus, the Grayscale Worldcoin ETF is intended to list on the Nasdaq under the symbol GWLD. BitGo Bank & Trust would custody the Worldcoin (WLD), while BNY Mellon would serve as administrator and transfer agent. CSC Delaware Trust Company would serve as a trustee. Read more

Grayscale plans to establish regular cash distributions from staking rewards generated by its Ether and Solana exchange-traded products. Asset manager Grayscale plans to establish regular cash distributions from rewards generated by its Ether (ETH) and Solana (SOL) staking exchange-traded products (ETPs), giving holders recurring access to yield generated by underlying assets.  In Form 8-K filings submitted to the US Securities and Exchange Commission (SEC), Grayscale said it intends to amend the trust agreements governing the Grayscale Solana Staking ETF (GSOL) and the Grayscale Ethereum Staking ETF (ETHE) around Aug. 7. The amendments would require each trust to convert staking rewards into cash no less often than quarterly and distribute net proceeds to shareholders.  The framework could make staking returns more accessible to traditional investors by delivering cash rewards through broker-held products, eliminating the need for shareholders to hold crypto, pick validators and manage staking operations. Ho...

Proposed trust changes would require no-less-than-quarterly cash distributions, creating a common cadence without fixing payout amounts or yield. The post Grayscale is setting up a quarterly cash showdown between Ethereum and Solana staking appeared first on CryptoSlate.

“Investors are now more confident about the instrument,” said Grayscale’s Zach Pandl regarding STRC, which reclaimed $90 for the first time in three weeks. Strategy's $216 million Bitcoin sale on Monday should be seen as a positive development for the price of Bitcoin and as a move that renews confidence in STRC, according to analysts. The sale of 3,588 BTC to fund preferred stock dividend payments and replenish cash has boosted Strategy’s dollar reserves to cover 17 months of dividend payments. “The rebound in STRC suggests investors are responding positively to this decision,” Grayscale Research said Monday. Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that Strategy’s recent sale was a “smart, stabilizing move that actually strengthens the setup for Bitcoin.” Read more

Grayscale's Ethereum Staking Mini ETF saw its CFO depart and recorded $337M in Q1 inflows — here's what the 8-K means for ETH investors. The post Ethereum News: Grayscale’s Ethereum Staking ETF Just Had Its CFO Resign appeared first on Cryptonews.

Grayscale and CoinShares are applying traditional valuation techniques to crypto assets as institutions explore revenue-generating DeFi protocols. Aave's native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research. The digital asset manager said Aave could generate about $60 million in net income in 2026 and placed the token's current fair value at $80 to $100. The analysis used discounted cash flows, earnings multiples and comparisons with banks and fintech companies. Aave traded at $75 on Thursday, according to CoinGecko. Grayscale said Aave’s revenue rose more than sixfold between 2023 and 2025, while the protocol operates at an estimated 50% margin. It argued that Aave’s lending activity, GHO stablecoin and institutional products could support future earnings growth. Read more

Grayscale says decentralized AI tokens gained after the US government ordered Anthropic to cut access to its latest AI models, showing user demand for alternatives to centralized AI. Anthropic’s decision to shut down access to its latest artificial intelligence models after a US order to suspend access to foreign nationals highlights the risks of centralized control in AI, which could increase demand for decentralized alternatives, says Grayscale. Grayscale head of research Zach Pandl said in a note on Monday that the order to cut access to Anthropic’s Fable 5 and Mythos 5 shows “the centralized control of frontier AI technology and drives home the need for decentralized alternatives.” “We expect demand for decentralized AI, like Bittensor and its TAO token, to continue to rise as investors seek alternatives,” Pandl said. Read more

“Less Bitcoin on levered DAT balance sheets and more on diversified corporate balance sheets will be a positive,” said Grayscale’s head of research, Zach Pandl. Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale. “The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,” said Zach Pandl, Grayscale’s head of research, on Thursday.  Michael Saylor’s Strategy sold 32 BTC on Monday, a tiny fraction of its total holdings of 843,706 BTC, but enough to rattle market sentiment as the asset has tanked by 16% since the sale.  Read more

Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.

Grayscale, VanEck Amend Spot BNB ETF Filings With SEC The post Grayscale and VanEck Amend Spot BNB ETF Crypto Filings in Latest SEC Process Step appeared first on Cryptonews.

Grayscale Zcash Trust Volume Doubles as Shielded ZEC Hits Record The post Grayscale’s Zcash Trust Just Doubled Its Volume as Shielded Supply Hit an All-Time High: Is $400 the Next Target? appeared first on Cryptonews.

The Bitcoin ETF trade sold investors a simple promise: crypto exposure inside a wrapper that looked and felt like mainstream finance. Advisors could buy it, compliance teams could understand it, and institutions could route capital into digital assets through a product that fits the rest of their strategy. That promise worked, and the US spot […] The post Grayscale moves away from Coinbase for new ETF product – Is Wall Street building a post-Coinbase custody map? appeared first on CryptoSlate.

The Bitcoin community has a “history of contentious debates over protocol changes,” said Grayscale head of research Zach Pandl. The challenge to solving the quantum threat to Bitcoin could be more social than technical, according to Grayscale’s head of research, especially if the community fails to come to an agreement on certain contentious issues. Google released a paper that drew attention in the crypto industry on March 30, suggesting that a quantum computer could potentially crack the cryptography protecting Bitcoin (BTC) using far fewer resources than previously thought. Grayscale head of research Zach Pandl, however, suggested the problem for Bitcoin doesn’t come from its technical solution, as “bitcoin has lower risk than other cryptocurrencies” because it uses a UTXO model and proof-of-work consensus, does not have native smart contracts and certain address types are not quantum vulnerable. Read more

Altcoins like Ethereum and Solana have plunged from all-time highs, but their recent resilience is a compelling sign, according to Grayscale.

Unlike Bitwise, Grayscale doesn’t plan to incorporate staking for its Hyperliquid ETF but hasn’t ruled out integrating it in the future. Crypto asset manager Grayscale has filed for a spot Hyperliquid exchange-traded fund, joining Bitwise and 21Shares in seeking to offer a product tied to the Hyperliquid perpetual futures protocol and blockchain. The Grayscale HYPE ETF would track the price movement of the Hyperliquid (HYPE) token and trade under the ticker GHYP on the Nasdaq if approved, according to Grayscale’s S-1 registration statement filed with the Securities and Exchange Commission on Friday. Grayscale listed Coinbase as the custodian but didn’t disclose a management fee for the proposed Hyperliquid product. Read more

Grayscale joins Bitwise in filing to launch a standalone Aave product in the US, betting that Wall Street has retained its appetite for altcoins. Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund. The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust ETF. Grayscale added that it plans to list the fund on NYSE Arca, one of the most popular exchanges for trading ETFs, under the ticker “GAVE.” It will charge a 2.5% fee, and Coinbase will serve as both its custodian and prime broker. Read more

New Grayscale research shows Bitcoin’s price behavior is increasingly tied to equities, particularly software stocks, challenging its long-held safe-haven narrative in the short term. Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale. Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise. “Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote, pointing to record rallies in bullion and silver prices. Read more

The product, if approved, would give US investors access to regulated BNB exposure without needing to hold the token themselves. Grayscale has filed with the US Securities and Exchange Commission to launch a spot exchange-traded fund tracking BNB, marking one of the asset manager’s most ambitious moves beyond Bitcoin and Ether. According to a registration statement filed on Friday, the proposed Grayscale BNB ETF would hold BNB (BNB) directly and issue shares designed to reflect the token’s market value, minus fees and expenses. The filing indicates the fund is intended to trade on Nasdaq under the ticker symbol GBNB, subject to regulatory approval. If approved, the product would give US investors regulated exposure to BNB without needing to custody the token themselves or hold it on crypto exchanges. Read more

The SEC delayed decisions on two crypto ETFs and opened public comments on options tied to a Grayscale multi-asset crypto fund. The US Securities and Exchange Commission (SEC) extended its decision deadline on two crypto-related exchange-traded funds (ETFs), while opening a comment window on options tied to a third in three separate filing decisions released Monday. In separate Federal Register notices, the SEC designated a longer period to consider proposed rule changes that would allow the listing of the Canary Pudgy Penguins (PENGU) ETF on Cboe BZX and the T. Rowe Price Active Crypto ETF on NYSE Arca. Both filings fall under the SEC’s standard 19b‑4 process, which lets it extend the initial decision window by up to 45 days while it evaluates market structure, investor protection and manipulation concerns. Read more

Grayscale registered Delaware trusts linked to potential BNB and HYPE ETPs, an early step that often precedes but does not guarantee ETF filings. Asset manager Grayscale has taken an early step toward expanding its crypto investment lineup by forming new Delaware statutory trusts tied to potential products linked to BNB and HYPE, according to state records. According to Delaware records, the trusts were registered on Thursday. They list CSC Delaware Trust Company as their registered agent. Such trust formations are common preparatory steps for asset managers considering exchange-traded fund (ETF) launches before filing official applications at the US Securities and Exchange Commission, but they do not indicate any regulatory approvals or confirm that filings have been submitted.  The inclusion of BNB (BNB) and Hyperliquid (HYPE) stands out, as most US-listed crypto ETFs tend to focus on Bitcoin (BTC) and Ether (ETH), with only a handful of altcoin-linked products gaining ground.  Read more