‼️🚨ETH Grayscale alerte 🚨 ‼️

Grayscale yesterday argued the benefits of being able to “stake the Ethereum held by the Trust” in a new filing with the SEC. The company hopes to convert its Grayscale Ethereum Trust (ETHE) into a spot ETH ETF like it did for its Grayscale Bitcoin Trust in January.

The proposal, released yesterday in a preliminary proxy statement, outlines four proposals to convert its Grayscale Ethereum Trust (ETHE) into an ETF. In addition to using ETH backing shares to participate in staking via a proof-of-stake protocol, the company also seeks to grant authorized participants the ability to create and redeem shares, allowing Grayscale to assess its fees daily rather than monthly and to bring in a third-party custodian who could create and redeem shares with an omnibus account.