Grayscale Investments has introduced a major innovation in the U.S. crypto market by launching the first spot exchange-traded products (ETPs) that support staking. The firm unveiled the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), both of which now enable Ethereum staking.
Additionally, the Grayscale Solana Trust (GSOL) has activated staking, giving investors exposure to Solana rewards through traditional brokerage accounts. Pending approval, GSOL’s expected uplisting could make it one of the first spot Solana ETPs with staking in the United States.
Grayscale Expands Access to Staking Exposure
According to the press release, the new staking-enabled products aim to offer investors an alternative path to earn staking rewards while maintaining spot exposure to major digital assets.
Both ETHE and ETH are designed to track Ethereum’s price movements, while GSOL mirrors Solana’s performance. However, these products are not registered under the Investment Company Act of 1940, meaning they do not carry the same investor protections as traditional ETFs.
By staking through institutional custodians and validator networks, Grayscale aims to passively secure blockchain networks and support ecosystem resilience. The company also plans to expand staking capabilities to more digital asset funds in the future.
This move marks a strategic effort to merge traditional finance structures with decentralized blockchain economics, particularly at a time when institutional investors seek regulated access to crypto yields.
Analysts Weigh in on Solana’s Market Outlook
Following the staking news, Solana’s price rose 1.11% over 24 hours to around $234, extending its seven-day gain to 13.18%. Market data shows strong trading activity, with a 24-hour volume of $6.2 billion and a market cap nearing $128 billion. Despite bullish momentum, analysts warn of short-term caution.
According to TedPillows, treasury-linked entities holding Solana have been reducing their positions. Reports suggest that a major holder who purchased $1.5 billion worth of SOL has already sold half. The analyst noted that a reversal in this selling trend could signal renewed bullish sentiment across Solana’s ecosystem.
Technical Signals Suggest Possible Correction
Source: X
Analyst Umair Crypto observed a confirmed bearish divergence on Solana’s 8-hour chart. The Relative Strength Index (RSI) is forming lower highs while the price approaches resistance near $236.
This pattern indicates weakening momentum, with possible retracement toward support levels at $219 and $205. A sustained drop below $205 could expose $186, while maintaining relative strength against Bitcoin and Ethereum remains crucial for altcoin stability.
