The cash distribution stems from staking rewards earned after the fund enabled Ethereum staking in October. Grayscale has declared a staking rewards distribution for its Ethereum Staking exchange-traded fund (ETF), the first time a US-listed spot crypto exchange-traded product (ETP) has scheduled a payout tied to onchain staking activity. Grayscale Ethereum Trust ETF (ETHE) shareholders will receive about $0.08 per share from proceeds of the sale of staking rewards, with the payout scheduled for Tuesday based on holdings recorded at market close on Monday, according to a press release published on Monday. Grayscale activated staking for its Ethereum products on Oct. 6, with staking conducted through institutional custodians and third-party validator providers. The move made ETHE and Grayscale Ethereum Mini Trust ETF (ETH) the first US-listed spot crypto ETPs to gain exposure to Ether staking. Read more
Eligible EEA users can trade conventional US shares alongside more than 700 tokenized xStocks through Kraken’s European entity. Kraken has launched trading in more than 7,000 US-listed stocks for customers in the European Economic Area (EEA), expanding its traditional finance offering alongside cryptocurrencies and tokenized equities. The crypto exchange said Tuesday that eligible EEA customers can trade US stocks through Kraken Pro and its mobile app under the company’s Markets in Financial Instruments Directive II authorization. The shares are available alongside more than 600 crypto assets and over 700 xStocks, which are tokenized versions of publicly listed equities. Read more