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Grayscale Investments says it’s adding staking Features to several of its cryptocurrency exchange-traded funds (ETFs), marking the first time US-listed spot crypto exchange-traded products (ETPs) will offer staking rewards. The firm says its Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) will both now allow staking. The company also activated staking for the Grayscale Solana Trust (GSOL). Grayscale said it plans to seek regulatory approval to uplist the Solana fund as an exchange-traded product, which would make it one of the first Solana spot ETPs to include staking. Says Peter Mintzberg, Grayscale CEO, “Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver. As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potenti...

Avalanche AVAX has witnessed a substantial surge over the last week, rising 20% in price on the charts. Following its huge gains as part of the crypto boom in March 2024, AVAX saw a strong decline and was struggling to recover. However, the asset is beginning a long-waited rally on a strong note. Trading volume around AVAX is up 50% in the last 24 hours. Furthermore, the market cap for AVAX is up to $11.1B, putting it in 12th place on the cryptocurrency charts by market cap. Now that it has breached the expected $24 resistance level, the next steps are for AVAX to reach $33, which could happen by this weekend. According to the Relative Strength Index (RSI), buyers are now in a favorable position in the market. This positive momentum is critical for AVAX to bypass higher resistance levels. Furthermore, Avalanche AVAX’s open Interest rates and social media engagement have been increasing. This indicates that traders are more confident with Avalanche, and are gaining interest in the ...

Grayscale debuted its first two Ethereum futures contracts in 2021, and is now planning to launch the new Grayscale Ethereum Futures Trust ETF. Digital currency investment company Grayscale is the latest firm to file for a new Ethereum futures’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Grayscale on Sept. 19 officially proposed to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the New York Stock Exchange (NYSE) Arca Rule 8.200-E. The proposal is pursuant to the provisions of the Securities Exchange Act of 1934 and rule change submitted by NYSE to the SEC. The ETF is managed by Grayscale Advisors, also referred to as the “sponsor” in the filing. “The Sponsor is in the process of becoming registered as a commodity pool operator with the Commodity Futures Trading Commission and is in the process of becoming a member of the National Futures Association,” the document reads. It also states that Grayscale Advisors has engaged...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market. On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse . We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the n...

Will Grayscale Win The Case? This is the second delay in the much-anticipated verdict, with eager investors and industry experts alike wondering how this decision might impact the crypto ecosystem. advertisement In a lawsuit that has captured the financial world’s attention, Grayscale Investments is challenging the U.S. Securities and Exchange Commission’s (SEC) decision to reject its Bitcoin trust ETF application. In a March 2023 hearing, Grayscale argued that the SEC’s decision contradicted its previous orders regarding approving the GBTC spot Bitcoin ETF .  The SEC representatives were under intense scrutiny from the judges over their reasoning for the rejection. Notably, legal analysts from Bloomberg believe that Grayscale has a strong case, with a 70% chance of winning the lawsuit. Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst @NYCStein gives Grayscale a 70% chance of winning case against S...