Grayscale has introduced efforts to its Ether and Solana investment products and has become the first company to offer effort through US -noted Spot Crypto-Exercise Products (ETPs).
The update is valid for gray scale Ethereum Trust Etf (Ethe), ETHEREUM MINI TRUST ETF and Grayscale Solana Trust (GSOL), already available to investors.
Grayscales Ethe has estimated $ 4.82 billion in net assets, while its Mini confidence has $ 3.31 billion. Its GSOL confidence has $ 122.5 million in assets under management.
By adding efforts, Grayscale investors provide a way to earn rewards from blockchain networks without directly holding or managing the underlying assets.
Stacking is central to how proof-of-stake blockchains like Ethereum and Solana work. Users who set their funds help validate transactions and keep the network secure and earn tokens in return.
Grayscale says it will enter into assets passively through institutional custodians and a network of validator providers aimed at maintaining network support while meeting the fund targets. Ethe and ETH offer exposure to Ether, while GSOL has Solana and is currently trading over-the-counter.
GSOL could become one of the first listed Solana ETPs with efforts if it is approved for exchange trade, as the company has filed to convert the fund.
