💨 Abstract

Grayscale has applied to the SEC for Ethereum ETFs, allowing them to participate in Ethereum's proof-of-stake system and earn staking rewards. This regulatory filing permits the funds to engage trusted staking providers. Grayscale will directly handle staking, differing from previous delegated services, and all staked Ethereum will be under trust-based custody.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖