On April 28, according to Bitcoin.com, Grayscale met with the SEC's crypto working group in Washington, D.C. on April 21 to discuss regulatory changes for Ethereum exchange-traded products (ETP).
Grayscale stated that the total assets managed by the US Ethereum ETP have reached $8.1 billion, but due to the inability to participate in staking, it has lost approximately $61 million in revenue from its launch until February 2025.
The company proposed modifying the 19b-4 application files for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF to allow staking activities. Grayscale emphasized that staking would help enhance the security of the Ethereum network while providing additional returns for shareholders.
