{"id":4068,"date":"2025-10-15T11:01:56","date_gmt":"2025-10-15T03:01:56","guid":{"rendered":"https:\/\/theexchain.com\/grayscale-pioneers-staking-era-for-crypto-spot-etfs-amid-regulatory-shift\/"},"modified":"2025-10-15T11:01:56","modified_gmt":"2025-10-15T03:01:56","slug":"%e7%9b%a3%e7%ae%a1%e8%bd%89%e8%ae%8a%e4%b8%8b%ef%bc%8cgrayscale-%e9%96%8b%e5%89%b5%e5%8a%a0%e5%af%86%e8%b2%a8%e5%b9%a3%e7%8f%be%e8%b2%a8%e7%ad%89%e5%83%b9%e8%ad%89%e5%88%b8%e7%9a%84%e5%ae%9a%e5%83%b9","status":"publish","type":"post","link":"https:\/\/theexchain.com\/zh\/%e7%9b%a3%e7%ae%a1%e8%bd%89%e8%ae%8a%e4%b8%8b%ef%bc%8cgrayscale-%e9%96%8b%e5%89%b5%e5%8a%a0%e5%af%86%e8%b2%a8%e5%b9%a3%e7%8f%be%e8%b2%a8%e7%ad%89%e5%83%b9%e8%ad%89%e5%88%b8%e7%9a%84%e5%ae%9a%e5%83%b9\/","title":{"rendered":"Grayscale \u958b\u5275\u52a0\u5bc6\u8ca8\u5e63\u73fe\u8ca8 ETF \u8ced\u6ce8\u6642\u4ee3\uff0c\u8fce\u63a5\u76e3\u7ba1\u8f49\u8b8a"},"content":{"rendered":"<p>\u96a8\u8457\u73fe\u8ca8\u52a0\u5bc6\u8ca8\u5e63 ETF \u8ced\u6ce8\u529f\u80fd\u7684\u5f15\u5165\uff0c\u52a0\u5bc6\u8ca8\u5e63\u5e02\u5834\u9032\u5165\u4e86\u4e00\u500b\u65b0\u968e\u6bb5\u3002Grayscale Investments \u5229\u7528\u76e3\u7ba1\u6846\u67b6\u5efa\u7acb\u4e86\u93c8\u4e0a(on-chain) \u8ced\u6ce8\u53c3\u8207\u6e20\u9053\uff0c\u5728\u7f8e\u570b\u63a8\u51fa\u4e86\u9996\u6279\u5177\u6709\u8ced\u6ce8\u529f\u80fd\u7684\u73fe\u8ca8\u52a0\u5bc6\u8ca8\u5e63 ETF\uff0c\u5be6\u73fe\u4e86\u4e00\u500b\u91cd\u8981\u7684\u91cc\u7a0b\u7891\u3002\u7136\u800c\uff0c\u5118\u7ba1\u53d6\u5f97\u4e86\u9019\u4e00\u7a81\u7834\uff0c\u521d\u59cb\u8cc7\u91d1\u6d41\u5165\u4ecd\u7136\u76f8\u5c0d\u8f03\u5c11\u3002Grayscale \u7684 Ethereum Trust ETF (ETHE) \u548c Grayscale Ethereum Mini Trust ETF (ETH) \u5df2\u6b63\u5f0f\u6210\u70ba\u5168\u7f8e\u9996\u6279\u652f\u63f4\u76ef\u76e4\u529f\u80fd\u7684\u73fe\u8ca8\u52a0\u5bc6\u8cc7\u7522 ETF\u3002\u6b64\u5916\uff0cGrayscale Solana 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\u5247\u5206\u914d\u7d66\u767c\u884c\u5546\u3001\u8a17\u7ba1\u5546\u548c\u6524\u4f4d\u670d\u52d9\u63d0\u4f9b\u5546\u3002ETH \u6295\u8cc7\u8005\u5f9e\u66f4\u6709\u5229\u7684\u5206\u914d\u4e2d\u7372\u76ca\uff0c\u4fdd\u7559\u4e86 94% \u7684\u734e\u52f5\uff0c\u800c\u670d\u52d9\u63d0\u4f9b\u5546\u50c5\u6536\u53d6 6%\u3002\u81ea\u555f\u7528\u9444\u9020\u529f\u80fd\u4ee5\u4f86\uff0c\u93c8\u4e0a\u8cc7\u6599\u986f\u793a Grayscale \u5df2\u9444\u9020\u8d85\u904e 116 \u842c\u500b ETH\u3002\u5177\u9ad4\u800c\u8a00\uff0c49.46% \u7684 ETHE \u6301\u6709\u91cf\u548c 47.79% \u7684 ETH \u6301\u6709\u91cf\u5df2\u88ab\u9444\u9020\u3002\u6839\u64da ValidatorQueue \u6578\u64da\uff0c\u76ee\u524d\u7d04\u6709 136 \u842c\u500b ETH \u6392\u968a\u7b49\u5f85\u639b\u5e33\uff0c\u5176\u4e2d Grayscale \u639b\u5e33\u7684 ETH \u4f54\u7e3d\u6578\u7684 85.4%\u3002Grayscale 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\u8ced\u6ce8\u3001\u5141\u8a31\u984d\u5916\u7684\u8ced\u6ce8\u8cbb\u7528\uff0c\u4ee5\u53ca\u5728\u7279\u5b9a\u689d\u4ef6\u4e0b\u8ce6\u4e88\u4fee\u6539\u6b0a\u3002\u8a8d\u80a1\u6388\u6b0a\u63d0\u6848\u7372\u5f97 99.75% \u80a1\u6771\u652f\u6301\u3002SEC \u6700\u8fd1\u5728 9 \u6708\u901a\u904e\u4e86\u52a0\u5bc6 ETP \u7684\u901a\u7528\u4e0a\u5e02\u6a19\u6e96\uff0c\u4f7f NYSE Arca \u7b49\u4ea4\u6613\u6240\u53ef\u4ee5\u81ea\u884c\u6279\u51c6\u7b26\u5408\u6d41\u52d5\u6027\u3001\u900f\u660e\u5ea6\u548c\u5408\u898f\u62ab\u9732\u57fa\u672c\u6a19\u6e96\u7684\u65b0\u7522\u54c1\u548c\u529f\u80fd\u8abf\u6574\u3002\u5728\u6b64\u898f\u5247\u5be6\u65bd\u5f8c\uff0cGrayscale \u65bc 9 \u6708 29 \u65e5\u64a4\u56de\u5176\u5b9a\u50f9\u4fee\u6b63\u7533\u8acb\uff0c\u7372\u5f97 SEC \u6279\u51c6\u5176 Ethereum ETF \u5728 NYSE Arca \u7684\u898f\u5247 8.201-E \u901a\u7528\u4e0a\u5e02\u6846\u67b6\u4e0b\u904b\u4f5c\u3002\u5229\u7528\u76e3\u7ba1\u7684\u9748\u6d3b\u6027\uff0cGrayscale \u5f88\u65e9\u5c31\u5efa\u7acb\u4e86\u639b\u724c\u73fe\u8ca8\u52a0\u5bc6 ETF \u7684\u5e02\u5834\u9818\u5c0e\u5730\u4f4d\u3002\u96a8\u8457 SEC \u653f\u7b56\u7684\u4e0d\u65b7\u6f14\u8b8a\uff0c\u591a\u5bb6\u767c\u884c\u5546\u6b63\u52a0\u901f\u6574\u5408\u8a8d\u80a1\u6b0a\u8b49\u300221Shares \u6700\u8fd1\u5ba3\u4f48\u70ba\u5176\u4ee5\u592a\u574a ETF \u63d0\u4f9b\u4e00\u5e74\u671f\u4fdd\u85a6\u4eba\u8cbb\u7528\u8c41\u514d\uff0c\u800c Bitwise \u5247\u5c07\u5176 Solana \u8cb7\u8ce3 ETF \u7684\u8cbb\u7528\u8a2d\u5b9a\u70ba 0.20%\uff0c\u4f4e\u65bc\u5e02\u5834\u9810\u671f\u3002\u7136\u800c\uff0c\u7f8e\u570b\u653f\u5e9c\u6301\u7e8c\u95dc\u9589\uff0c\u4f7f\u5f97 SEC \u7684\u71df\u904b\u50c5\u9650\u65bc\u5fc5\u8981\u4eba\u54e1\uff0c\u77ed\u671f\u5167\u53ef\u80fd\u6703\u66ab\u6642\u5ef6\u9072\u5176\u4ed6 ETF \u8cb7\u8ce3\u529f\u80fd\u7684\u6838\u51c6\u7a0b\u5e8f\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market has entered a new phase with the introduction of staking capabilities in spot crypto ETFs. Grayscale Investments has achieved a significant milestone by launching the first staking-enabled spot crypto ETFs in the United States, leveraging regulatory frameworks to establish on-chain staking participation channels. However, initial capital inflows have remained relatively modest despite [&hellip;]<\/p>","protected":false},"author":1,"featured_media":4067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/4068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/comments?post=4068"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/posts\/4068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/media\/4067"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/media?parent=4068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/categories?post=4068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/zh\/wp-json\/wp\/v2\/tags?post=4068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}