Grayscale Advocates for Ethereum ETP Staking to Boost Security and Shareholder Returns

On April 28th, COINOTAG News reported that Grayscale convened with the U.S. Securities and Exchange Commission (SEC) crypto working group in Washington D.C. on April 21st. The focus of the discussion was a proposed custody rule change concerning its Ethereum Exchange-Traded Product (ETP). Grayscale highlighted that its U.S. Ethereum ETP has amassed $8.1 billion in total assets under management. However, the absence of staking has resulted in a substantial revenue loss, estimated at around $61 million from its inception until February 2025. In response, the firm has suggested modifications to the 19b-4 application for both the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF. This amendment aims to incorporate staking activities, which Grayscale contends would bolster the Ethereum network’s security and yield additional returns for shareholders.