Grayscale Investments has announced its intention to incorporate staking capabilities into its proposed spot Ethereum exchange-traded fund (ETF). This move is in line with a recent modification made by the financial giant Fidelity in its own Ethereum ETF filing which indicates the common desire of investment houses to incorporate the staking provision into their cryptocurrency product offerings.
Grayscale’s Amendment
Grayscale Investments has filed a preliminary proxy statement proposing staking features in its Ethereum ETF. This undertaking aims to empower the trust to stake Ethereum, thereby eliminating the inflationary pressures associated with the transition of Ethereum to a proof-of-stake protocol. The move, consequently, is intended to preserve the value of the Trust Estate for the benefit of its shareholders and make it attractive relative to other investment products offering Ethereum staking.
The proposal includes a cash-oriented creation and redemption mechanism, which help
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