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Grayscale is urging the SEC to approve staking for Ethereum ETFs, unlocking millions in rewards, strengthening Ethereum’s network, and propelling U.S. crypto investment forward.

Grayscale Urges SEC to Allow Staking for Ethereum ETFs, Citing Major Investor Gains
Representatives from Grayscale Investments convened with members of the U.S. Securities and Exchange Commission’s Crypto Task Force on April 21 in Washington D.C. to advocate for changes to staking regulations tied to ethereum exchange-traded products (ETPs).
In a memorandum summarizing the meeting, Grayscale detailed its request to amend its Form 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF ( ETH), aiming to permit staking activities. Craig Salm, chief legal officer at Grayscale Investments, stated: “We appreciate the opportunity to engage with the Securities and Exchange Commission’s Crypto Task Force.”
The documents provided during the meeting outlined Grayscale’s position that U.S. ethereum ETPs, which collectively manage $8.1 billion in assets, should be allowed to stake their holdings, similar to non-U.S. counterparts. Grayscale emphasized:
ETH ETPs have foregone approximately $61 million as a result of not being able to participate in staking from launch through February 2025, not including daily compounding of rewards. Instead, such rewards have gone to non-US ETH ETPs and other non-ETP stakers.
The crypto asset manager underlined the benefits of staking, explaining that participation would bolster the Ethereum network’s security while delivering additional returns to shareholders. “Through staking, US ETH ETPs will participate in validating transactions on the Ethereum network, contributing to the security and efficiency of the Ethereum blockchain, and in return, earn ETH rewards,” the memorandum asserted.
Furthermore, Grayscale introduced a multi-layered liquidity strategy, including a “Liquidity Sleeve,” short-term financing options with custodians and liquidity providers, and a revolving credit facility to mitigate redemption risks during unstaking periods.
In its conclusion, Grayscale stressed the necessity of updating regulations to reflect the maturity of the ethereum ETP market. The document describes:
Currently, spot ETH ETPs do not represent the underlying ETH completely, because they are not currently permitted to engage in staking.
It further noted that non-U.S. markets, particularly in Europe and Canada, had already successfully integrated staking into ETPs without harming trading efficiency. Grayscale asserted: “By drawing on traditional finance analogues and experience managing ETPs facing similar liquidity challenges, coupled with Grayscale’s connectivity and partnerships across the digital asset ecosystem, we can effectively and responsibly stake ETH in our ETH ETPs.” As a broader consideration, the memo acknowledged potential tax implications and slashing risks but expressed confidence that operational safeguards and custody arrangements, notably with Coinbase Custody, would manage those exposures.

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Despite the advantages that bitcoin provides to users, being a cryptocurrency, which is characterized by the speed of transactions, its low cost, privacy, and other characteristics that distinguish it from other means of payment, paper whether money or even e-payments in its traditional forms, but it has many problems involved in handling it. This calls for the necessity of making an economic evaluation of these risks, using the applied analytical approach. The study found that the risks associated with bitcoin are varied and multifaceted, affecting both individuals and countries, and their impact may extend to the entire global system. This made it a risky currency compared to traditional currencies. These risks are virtual pickpocketing, irreversible transactions, illegal activities, regulatory risks, and finally currency fluctuation. Despite the threats posed by this digital technology, it has revolutionized the field of digital payment technologies, supporting the trend towards digital transformation, enhancing electronic commerce, as well as creating more competition between different payment methods.
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Cryptocurrency Market Is Down: What's Happening and What to Expect?
Today, the cryptocurrency market is experiencing a major decline, affecting both leading assets and less popular coins. Bitcoin, the benchmark of the cryptocurrency market, has dropped significantly in value and is falling below key support levels. Ethereum and other coins such as Solana, Cardano and XRP are also showing significant declines.

Introduction: Recent years have witnessed rapid development in the field of digital currencies, which have begun to significantly affect the global economy. Digital currencies such as Bitcoin, Ethereum, and other cryptocurrencies have become a topic of discussion among experts, banks, and governments. But, what is the future of these currencies and how will they affect the economy in the coming years?

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With the asset trading within a descending price channel that could soon lead to a significant breakout, the XRP price chart is presenting an interesting setup. After a parabolic rise, the pattern is a typical consolidation phase that takes place within a descending channel, indicating momentum is building for the next big move.
Since XRP’s recent peak above $2.80, the descending channel has acted as a corrective phase. The steady volume and the RSI, which is hovering around overbought levels but not indicating extreme exhaustion, show that XRP is still fundamentally strong despite this decline.

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Most Profitable Cryptocurrencies in 2024:
The cryptocurrency market is a very volatile world, and it is difficult to pinpoint the most profitable coins. However, there are some coins that have performed remarkably well in 2024, which may be worth considering.

Factors affecting the performance of digital currencies:

Technology: Currencies built on advanced technologies or have strong use cases tend to perform better.