tldr; Grayscale has initiated the first distribution of Ethereum staking rewards to shareholders of its U.S. spot crypto exchange-traded product (ETHE). Shareholders received $0.083178 per share, marking a significant step in integrating protocol-level income into regulated crypto products. This move could reshape how proof-of-stake assets like Ethereum are packaged for public investors, following regulatory clarifications on staking rewards. Grayscale’s initiative aims to benefit both its investors and the broader Ethereum community.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DBRiMatt on
Once non-crypto investors see they can get yield generation, there might be a new influx of money coming into Ethereum.
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tldr; Grayscale has initiated the first distribution of Ethereum staking rewards to shareholders of its U.S. spot crypto exchange-traded product (ETHE). Shareholders received $0.083178 per share, marking a significant step in integrating protocol-level income into regulated crypto products. This move could reshape how proof-of-stake assets like Ethereum are packaged for public investors, following regulatory clarifications on staking rewards. Grayscale’s initiative aims to benefit both its investors and the broader Ethereum community.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Once non-crypto investors see they can get yield generation, there might be a new influx of money coming into Ethereum.
Boomer friendly yield 😆
!tip 1