Ethereum Slips Below $4,500 Despite Grayscale Staking 300,000 ETH

Grayscale’s announcement that its Grayscale Ethereum Trust ETF became the first US-listed spot crypto ETF allowing staking helped push ETH’s price above $4,700 in October. However, Grayscale’s ETH staking activity has not been strong enough to keep prices above that level for long. Grayscale Staked Over 300,000 ETH, But Selling Pressure Is Greater On October 6, Grayscale said its Ethereum Trust ETFs (ETHE, ETH) and Solana Trust (GSOL) now allow investors to earn staking yields directly through traditional brokerage accounts. Industry leaders expressed optimism about the news, calling it a bullish signal for ETH and the broader Ethereum ecosystem source: https://beincrypto.com/grayscale-has-staked-over-300000-eth/