Grayscale is considering adding a staking feature to the spot Ethereum ETF application.
Fidelity recently added a “staking” option to its spot Ethereum exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC).
One of the largest Bitcoin ETF issuers, Grayscale, indicated in a filing that it is considering adding a staking option to its proposed Ethereum ETF, similar to Fidelity.
Grayscale stated that enabling ETH in the Ethereum fund to be staked for a fee would alleviate inflationary pressures from the PoS mechanism, helping to preserve the value of “ETHE” for investors.
Like it did with Bitcoin, Grayscale applied in October 2023 to convert the Grayscale Ethereum Trust fund into a spot Ethereum ETF.
Following Fidelity’s introduction of staking, there was a positive impact on the price of Lido Finance (LDO), one of the largest staking platforms on the Ethereum network. As a result, it is expected that LDO will experience a significant increase in value.
Although there is currently no clarity on SEC approval for spot Ethereum ETFs, Bloomberg analyst James Seyffart has suggested that he does not expect spot Ethereum ETFs to be approved in May.
