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Grayscale’s milestone ETF staking unlock comes as product flows surge

Grayscale has become the first issuer to unlock staking in US ETFs, specifically for its Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH) ETFs, along with its over-the-counter Solana product. This move follows the SEC's mid-2024 approval of spot ether ETFs, although the SEC does not allow staking for these products. Grayscale's staking policy will vary based on market conditions, and there are no guarantees on liquidity for redemption requests. While the staking unlock is a positive milestone for attracting investors, it may not lead to significant increases in inflows, as previous demand for these funds was moderate. However, total crypto products globally experienced record inflows of $5.95 billion, attributed to a delayed response to economic shifts. Meanwhile, bitcoin ETFs reached $60 billion in net inflows, reflecting the ongoing interest in crypto assets.

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