Grayscale marked an important milestone as the first cryptocurrency issuer to list on US exchanges to distribute Ethereum staking rewards to its clients. The milestone also marks better US market participation in blockchain-based yield. In a Jan. 5 announcement, Grayscale confirmed that its Grayscale Ethereum Staking ETF (ETHE) completed its
The institutional interest in Ethereum staking also escalated after BitMine Immersion Technologies added another 82,560 Ether, valued at approximately 259 million dollars, into Ethereum’s staking subsystem. This act brought Ethereum’s validator queue entry even closer to reaching 1 million ETH. On-chain data from Arkham shows that BitMine sent multiple large
The Crypto ETF market is gaining a lot of traction today, probably because of the recent filing by REX Shares. ETF provider REX Shares filed for Solana and Ether staking ETFs by using regulatory workarounds. This is creating considerable hype, particularly for Ethereum. Ethereum ETFs recorded net inflows for the
Ethereum’s 2.0 staking deposits vs. withdrawals are not so symmetric now. The number of deposits is taking up the volume from the withdrawals. The community was taken aback when the difference between deposits and withdrawals exceeded 75k ETH on April 15th. But the situation reversed on April 16th, with 16K
Staking is the process of locking an amount of cryptocurrency for a particular time period to contribute to blockchain technology and earn network rewards. As of now, nearly 9 million ETH have been staked on Ethereum’s Proof of Stake system. This amount of ETH is locked until withdrawals are authorized
