Grayscale Staking ETPs Debut as Coinbase Pursues Federal Charter

• Grayscale staking ETPs debut as first U.S.-listed products offering staking rewards.
• Coinbase seeks OCC trust charter to unify crypto regulation under a single authority.
• Ethereum and Solana staking integration signals growing institutional access to crypto.

Grayscale staking ETPs officially launched today, becoming the first U.S.-listed exchange-traded products to incorporate staking rewards. The rollout covers the Grayscale Ethereum Trust ETF (ETHE), the Grayscale Ethereum Mini Trust ETF (ETH), and the Grayscale Solana Trust (GSOL). The introduction of these products marks a new move in cryptocurrency integration with traditional finance.

ETHE and ETH, both listed on NYSE Arca, are now among the first U.S. spot crypto ETPs that enable investors to earn staking rewards. GSOL, which trades over-the-counter, provides a gateway for investors seeking Solana staking exposure through standard brokerage accounts. Staking for all three products became active at today’s market open.

Grayscale confirmed that the ETHE fund will distribute staking rewards directly to holders, while ETH and GSOL will accumulate rewards within their price structure over time. The Grayscale staking ETPs come shortly after the Securities and Exchange Commission (SEC) approved general listing standards for crypto-based ETPs and clarified that staking activities do not violate securities regulations.

Industry analysts anticipate that GSOL will transition into a full exchange-traded product soon, aligning with other Solana-based instruments expected to receive SEC approval in the coming weeks.

Coinbase Files for OCC Trust Charter

Coinbase, the largest U.S. cryptocurrency exchange, has applied for a federal trust charter with the Office of the Comptroller of the Currency (OCC). This makes it the fifth crypto-native firm to pursue national oversight this year, joining Ripple, Paxos, Circle, and BitGo.

Greg Tusar, Coinbase’s vice president of institutional product, confirmed the move, noting that the firm seeks a unified federal framework to replace the patchwork of state-level regulations. The launch of Grayscale staking ETPs and Coinbase’s regulatory filing reflect broader efforts to align the crypto industry with established financial standards.

The OCC charter would grant Coinbase nationwide operating authority under a single regulator, simplifying compliance and expanding access to traditional banking services. Coinbase is already licensed under New York’s Department of Financial Services, but it aims to gain broader recognition through federal oversight.

However, Coinbase clarified that it does not plan to function as a traditional bank. Ripple and Anchorage Digital have also sought Federal Reserve master accounts that would grant direct access to payment rails. It remains unclear whether the Federal Reserve will approve such applications, despite the current administration’s crypto-friendly approach.

The debut of Grayscale staking ETPs represents a defining step toward merging digital assets with mainstream finance. With Ethereum and Solana now offering staking through regulated exchange-traded products, institutional investors gain a more direct and compliant path into blockchain-based yield generation.