Grayscale to SEC: Stop Dragging Feet—Approve Staking in Ethereum ETFs Now

Grayscale turns up the heat on regulators with a public push for staking in spot Ethereum ETFs—because what’s the point of crypto without yield? The SEC’s usual foot-dragging meets an industry tired of waiting.

Why it matters: Billions in institutional capital sit on the sidelines while the SEC debates whether crypto can do what banks do daily—earn interest. Meanwhile, Wall Street quietly stacks its own staking profits.

Between the lines: This isn’t just about Ethereum—it’s a power play. Approving staking would tacitly endorse proof-of-stake networks, forcing the SEC to finally pick a lane in its endless ’security vs. commodity’ charade.

The bottom line: The longer the delay, the more obvious it becomes—this isn’t about investor protection, it’s about protecting old-money monopolies from disruptive yield. Your move, Gary Gensler.

Grayscale recently met with the SEC’s crypto task force, urging for approval to allow Ethereum staking through its ETFs. The company emphasized that $61 million in rewards have been missed due to current regulations. Grayscale is requesting an update to its Form 19b-4 filings for theand. If approved, these changes would enable the company to directly earn staking rewards, optimizing potential returns for investors.