Grayscale Stakes $150M ETH, Industry Awats Staking ETP Approval

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Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPs) on Monday.

The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain.

The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based crypto fund issuer to offer staking-based passive income for its funds.

The move enables Grayscale’s ETP and its shareholders to start earning passive income via…



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Grayscale Stakes $150M ETH, Industry Awats Staking ETP Approval


Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPs) on Monday.

The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain.

The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based crypto fund issuer to offer staking-based passive income for its funds.

The move enables Grayscale’s ETP and its shareholders to start earning passive income via…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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