Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

Grayscale staked $150 million in Ether after launching the first US crypto ETPs offering staking rewards, ahead of key SEC altcoin ETP deadlines this month.

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.

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