- Grayscale has announced that it selected Figment as its staking provider for its U.S. Ethereum and Solana investment products.
- Figment will integrate staking infrastructure into Grayscale’s funds (ETHE, ETH, GSOL), enabling investors to earn protocol rewards within regulated products.
- Grayscale projects ETH staking yields between 1.89 % – 5.81 % and SOL yields of 4.44 % – 8.9 %, depending on network dynamics and fee structures.
Grayscale confirmed via press release on October 9, that it had selected Figment as the staking partner for its U.S. Ethereum ETPs and Solana Trust. This move marks one of the first times a regulated crypto fund in the U.S. will embed staking directly in its operations.
What Grayscale & Figment will do together
Grayscale’s staking rollout spans its Ethereum Trust ETF (ETHE), Ethereum Mini Trust (ETH), and Solana Trust (GSOL). According to Grayscale’s disclosures and market commentary, Ethereum staking yields are expected to range from 1.89 % to 5.81 % annually, while Solana yields may land between 4.44 % and 8.9 % under optimal conditions. These ranges depend on validator performance, network participation rates, and fee burdens.
Notably, after fees, shareholders could receive substantial shares of net rewards. For example, Grayscale’s Ethereum Trust may pass along up to ~77 % of gross rewards to investors; the Ethereum Mini Trust may pass ~94 %.
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Grayscale’s ETPs now come with built-in staking, powered by Figment. That means investors can earn rewards and help secure blockchains—all through familiar, regulated investment tools.
Setting the staking ball rolling
By integrating Figment’s non-custodial staking architecture, Grayscale ensures the underlying assets remain under custody protocols while rewards flow back into the fund’s net asset value (NAV). The service includes slashing mitigation, performance monitoring, validator management, and rewards distribution.
On its first day post-announcement, Grayscale staked 32,000 ETH or ~$150 million in its ETH products, thereby kickstarting the yield generation process for its investors.
This decision bridges the gap between regulated investment vehicles and blockchain yield mechanics. It lowers the barrier for institutional and retail exposure to staking without requiring them to run validators or manage on-chain complexity. It also helps Grayscale differentiate its product lineup in a crowded market.
