$ETH
Grayscale has introduced a new feature that aims to generate passive income for investors in its Ethereum investment funds.
Grayscale recently launched a "Staking" feature in its exchange-traded funds like ETHE and ETH. This feature allows investors the opportunity to earn additional rewards (Yield) from the Ethereum coins they hold through the funds, while maintaining exposure to the underlying currency price.
📈 How does this feature work?
· Principle: When the staking feature is activated, Ethereum assets within the fund are used to help secure and operate the Ethereum network itself. In return, the network grants these funds rewards in the form of additional Ethereum coins.
· Yield: These rewards are directly integrated into the net asset value (NAV) of the funds, enhancing the value of each share for investors over time, without the need to receive separate payments.
· Significance: Grayscale is the first issuer in the United States to offer this feature within exchange-traded products. It has staked approximately 857,600 Ethereum worth $3.8 billion across its funds to achieve this benefit for investors.
Are you interested in learning more about how this feature impacts potential long-term returns, or comparing it to other Ethereum investment products?
