Grayscale Investments dropped its staking proposal in its proposed spot ether exchange-traded fund, according to an amended preliminary proxy statement. 

In a previous filing, Grayscale had proposed to investors the ability to stake ether through the trust. That language was not in an amendment preliminary proxy statement filed on Tuesday for the Grayscale Ethereum Trust. 

"The primary purpose of Amendment No. 2 is to remove Proposal 2 from the preliminary proxy statement," Grayscale said in Tuesday's filing. 

Other issuers have also removed staking components from their spot Ethereum ETF applications. Fidelity took out the possibility of staking rewards from its S-1 registration statement earlier on Tuesday. 

James Seyffart, a Bloomberg ETF analyst, said …