Grayscale just staked 857K ETH ($3.8B). Validator entry queue jumps to 1.3M ETH (23 day queue now) offsetting a big portion of the 2.4M ETH exit queue.
Grayscale just staked 857K ETH ($3.8B). Validator entry queue jumps to 1.3M ETH (23 day queue now) offsetting a big portion of the 2.4M ETH exit queue.
tldr; Grayscale, a digital asset management firm, staked 857,600 ETH valued at $3.8 billion on Oct. 8 across its Ethereum ETP products, including ETHE and ETH ETFs. This marks one of the largest institutional staking positions in the Ethereum network. Grayscale’s move introduces staking rewards to investors through regulated investment vehicles, allowing traditional investors to earn yields from Ethereum’s proof-of-stake mechanism without managing wallets or validator nodes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Dark_Pr1nz on
I feel like this is huge. When Kiln starts retaking everything they’re pulling out it’s just going to keep getting bigger.
MasterpieceLoud4931 on
Almost 1% more of the supply locked up. More security + more demand :D.
3 Comments
tldr; Grayscale, a digital asset management firm, staked 857,600 ETH valued at $3.8 billion on Oct. 8 across its Ethereum ETP products, including ETHE and ETH ETFs. This marks one of the largest institutional staking positions in the Ethereum network. Grayscale’s move introduces staking rewards to investors through regulated investment vehicles, allowing traditional investors to earn yields from Ethereum’s proof-of-stake mechanism without managing wallets or validator nodes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I feel like this is huge. When Kiln starts retaking everything they’re pulling out it’s just going to keep getting bigger.
Almost 1% more of the supply locked up. More security + more demand :D.
^(!tip 1)