Explosive Benefits, Grayscale Bets Big on Ethereum! $6.1 Billion Profit Battle Begins

Grayscale Investments has struck again, pushing for the U.S. Securities and Exchange Commission (SEC) to approve Ethereum ETFs to participate in staking, determined to reclaim up to $61 million in returns lost due to the ban!

On April 21, Grayscale executives met with the SEC's cryptocurrency special task force to formally propose modifications to their Ethereum Trust (ETHE) and Mini Trust (ETH) applications, allowing held ETH to participate in staking. Grayscale emphasized that similar ETFs abroad have already earned profits through staking while American investors have been forced to miss out on substantial returns.

Grayscale pointed out that participating in staking not only enhances the security of the Ethereum blockchain but also brings additional returns to investors. To mitigate redemption risks, they simultaneously proposed a multi-layer liquidity plan, including short-term financing and revolving credit mechanisms.

In the document, Grayscale stated: currently, the U.S. version of the Ethereum ETF does not fully represent the value of ETH assets, and the lack of staking capability is a significant shortcoming. In contrast, markets in Europe, Canada, and others have successfully introduced staking functions without any liquidity issues.

Grayscale emphasized that, leveraging traditional financial experience and a wide range of cryptocurrency assets, they can effectively manage potential tax and punitive risks. Ultimately, they urged the SEC to keep pace with market maturity and help the U.S. Ethereum ETF truly take off!