Grayscale is set to stake part of its Ether holdings, indicating confidence in potential US regulator approval for staking in exchange-traded products. The asset manager transferred over 40,000 ETH, positioning for staking rewards, potentially making it the first US Ethereum ETF sponsor to do so. Grayscale’s Ethereum Trust holds over 1.06 million ETH valued at $4.8 billion, launched as a private placement vehicle in 2017. The SEC has delayed rulings on Grayscale’s ETH staking proposals, but has provided clarity on certain liquid staking activities. Grayscale may be positioning ahead of a ruling, as no existing spot Ether ETFs include staking features. The SEC recently approved the Grayscale Digital Large Cap Fund, a multi-asset crypto ETP offering exposure to BTC, ETH, XRP, SOL, and ADA. Analysts believe an ETH staking ETF approval could drive institutional demand, reshaping the market by allowing investors to earn rewards. Spot ETH ETF inflows have surged this year, while Ether exchange reserves on exchanges hit a three-year low in early September.

Read more at Cointelegraph: Grayscale Moves to Stake ETH, Onchain Data Shows