Blockchain
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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