Grayscale Investments has withdrawn its staking proposal from its spot Ethereum ETF plan. This change was made clear in an amended preliminary proxy statement for the Grayscale Ethereum (ETH) Trust filed on Tuesday. The original filing had proposed staking for investors through the trust, but this option has now been removed.
Grayscale Drops Staking from Ethereum ETF Plan
In the amended proxy statement, Grayscale stated that the primary purpose of Amendment No. 2 was to remove Proposal 2. This proposal had included staking, which is now absent from the latest filing. This move aligns Grayscale with other issuers who have also removed staking components from their spot Ethereum ETF applications. For instance, Fidelity excluded staking rewards from its S-1 registration statement earlier on Tuesday.
James Seyffart, an ETF analyst at Bloomberg, noted that Grayscale’s adjustment was anticipated. In a post on X, Seyffart commented that Grayscale’s decision to remove staking language f
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