In the latest crypto news from TradFi, Grayscale has launched its staking ETPs for Solana and Ethereum, but how will SOL USD and ETH price react?
On Oct. 6, Grayscale Investments rolled out staking for its US-listed spot crypto exchange-traded products. That includes the Grayscale Ethereum Trust ETF (ETHE) and the Ethereum Mini Trust ETF (ETH). It also activated staking for the Grayscale Solana Trust (GSOL), which trades over-the-counter for now.
Grayscale announced it’s the first firm in the US to add staking to spot crypto ETPs, using institutional custodians and a network of validator providers.
GSOL, meanwhile, is awaiting approval to uplist as an exchange-traded product with staking.
Previously, US spot crypto funds primarily provided pure price exposure. Staking rewards were limited mainly to those holding assets directly or using cryptocurrency platforms. Grayscale’s move brings on-chain yield inside a listed product wrapper.
Grayscale stresses that ETHE and ETH are ETPs and are not registered under the 1940 Act. Staking will be passive, while assets stay in custody.
As CEO Peter Mintzberg put it: “Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver.”
The staking will be facilitated through institutional partners, supporting the Ethereum and Solana networks.
Grayscale’s announcement comes as US policy toward crypto ETPs is shifting, particularly following the SEC’s summer guidance on disclosures for digital-asset funds.
SOL Price Prediction: What Does Solana’s Consolidation Around $231 Signal for Traders?
Solana (SOL) is testing a significant resistance level near $235, a point that has repeatedly capped its rallies in recent weeks.
According to analyst Crypto Tony, reclaiming this zone could set the stage for another leg higher.
The 4-hour chart shows SOL hovering around $231.57 after rebounding from its late-September low of $215. The price is moving within a tight consolidation band, suggesting traders are waiting for confirmation before taking new positions.
Historically, this same level triggered a sharp pullback, marking it as a clear supply zone where sellers remain active.
If buyers can push SOL above $235 and secure a strong close, that could flip the level into support and open room toward $252-$255, where prior highs sit.
Until then, the short-term outlook stays neutral to slightly bullish, with key support seen between $225 and $228. Traders are watching closely for a breakout signal before committing to long positions.
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ETH Price Prediction: Can ETH Repeat Its 126% Rally After the New Golden Cross Signal?
Ethereum (ETH) has formed a Golden Cross on the 3-day chart, a bullish signal that occurs when the 50-day moving average rises above the 200-day line.
Analyst Merlijn noted the pattern, which often precedes major upward trends in crypto markets.
The last time Ethereum triggered this setup, the price climbed more than 126%, fueling expectations of a similar rally.
ETH is now trading near $4,567 after rebounding from September’s $4,000 low.
The chart shows higher lows and an improving trend structure, with both moving averages pointing upward, a sign of growing momentum.
Analysts say a confirmed move above $5,200 could extend gains toward $5,600, while short-term pullbacks to around $4,400 remain possible.
The overall sentiment is cautiously optimistic as long-term holders and institutions strengthen their positions, viewing the Golden Cross as a signal of renewed medium-term strength.
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PepeNode Presale Raises $1.7M as Investors Chase 756% Staking Yields – Only 48 Hours Left at Current Price
History shows that meme coins thrive not only on community energy but also on innovation. That’s why PepeNode (PEPENODE), the first mine-to-earn meme coin, has quickly raised over $1.7 million in presale funding, offering investors a chance to get in before its next price rise.
PepeNode reimagines mining for the Web3 era. Instead of costly rigs and soaring electricity bills, it introduces a gamified virtual mining system where users construct digital server rooms, combine nodes, and earn yield across multiple meme tokens – including PEPENODE, Pepe (PEPE), and Fartcoin (FARTCOIN).
This approach turns mining from an arms race into a strategic contest, rewarding efficiency and smart play rather than sheer spending power.
Crucially, presale buyers aren’t left waiting for utility. Tokens can be staked immediately through PepeNode’s native protocol, with early adopters currently earning a dynamic 756% APY – equivalent to around 2.3% daily returns.
More than 1 billion PEPENODE tokens are already locked in, a strong vote of confidence from the market.
The tokenomics reinforce long-term sustainability. Every node upgrade burns 70% of the tokens used, reducing the circulating supply with each action. This creates a deflationary cycle where gameplay directly supports token value—a model far more robust than earlier play-to-earn experiments.
With presale tokens currently priced at $0.0010918, the clock is ticking. The current round ends in just 48 hours, after which the entry price rises.
The project’s smart contract has been audited by Coinsult, which gives early adopters peace of mind about the security of its code.
Follow the project on X and Telegram for the latest updates.
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