Grayscale Partners with Figment for Institutional Staking on Ethereum, Solana
Grayscale has chosen Figment as its institutional staking partner for its Ethereum and Solana trusts. Figment will manage staking operations to enable Proof-of-Stake rewards directly into Grayscale's ETPs, allowing passive income generation.
- Bloomberg analyst recently indicated high odds for Solana ETF approval.
- Figment provides staking services for 25 PoS assets, with significant holdings in Solana.
- Solana treasuries increased by 22.7% to $2.9 billion, driven by anticipation of SEC altcoin ETF decisions.
- America.Fun launched on Solana to promote USD1 adoption.
- Aptos network confirmed USD1 adoption via Chainlink, attracting $447 million trading volume.
- DevvStream announced 12,000 SOL holdings valued at $2.7 million, surpassing its Bitcoin reserves.
DevvStream plans to prioritize income through SOL staking and explore tokenized assets for renewable energy projects.