Following Fidelity’s lead, Grayscale looks to add staking for its proposed Ethereum ETF | Headlines | News | CoinMarketCap
03/20/2024 04:52
Grayscale Investments is looking to add staking to its proposed spot Ethereum exchange-traded fund, according to a preliminary proxy statement filed …
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Published on March 19, 2024 21:40 GMT+00:00edited on March 19, 2024 21:44 GMT+00:00
Grayscale Investments is looking to add staking to its proposed spot Ethereum exchange-traded fund, according to a preliminary proxy statement filed on Tuesday.
Grayscale proposed to investors in a "consent solicitation statement" four items, including a creation and redemption process involving cash and the ability to stake Ethereum through the trust.
"The Sponsor believes that having the ability to cause the Trust to stake the Ethereum held by the Trust in exchange for consideration would allow the Trust to mitigate inflationary pressures resulting from Ethereum’s proof-of-stake protocol and thereby preserve the value of the Trust Estate for the ultimate benefit of ETHE’s shareholders, and also would position the Trust to maintain parity with any similarly situated …