06.01.202611:23 Forex Analysis & Reviews: Grayscale launches staking-backed ETFs

Bitcoin climbed to a significant level near $94,800 and retains a clear chance of pushing higher in the near term. Ether is also trading confidently above $3,200, supporting the bullish outlook.

Meanwhile, Grayscale yesterday announced the launch of the first US Ethereum ETF that pays staking rewards. The move opens new avenues for investors who want exposure to Ethereum and Solana while earning staking income. Grayscale has consistently signaled its commitment to innovation in the crypto space, and the introduction of a Staking ETF is the latest step.

Staking allows holders of proof-of-stake cryptocurrencies to earn rewards by helping to validate transactions and secure the network. For Ethereum and Solana, that typically involves locking up a portion of funds to participate in network consensus in exchange for additional coins. Grayscale's ETF simplifies access to that yield, letting investors capture staking rewards without dealing with the technical or operational complexity.

Grayscale also renamed several funds to make their purpose clear: ETHE is now the Grayscale Ethereum Staking ETF; ETH is the Grayscale Ethereum Staking Mini ETF; and GSOL is the Grayscale Solana Staking ETF. The revised names improve transparency for investors by signaling that these products provide both asset exposure and active staking participation. That clarity may appeal to investors seeking passive income from digital assets.

The launch of Grayscale's Ethereum and Solana staking ETFs could attract additional institutional and retail capital to the crypto market, providing another supportive demand channel.

Trading recommendations:

As for Bitcoin, buyers are targeting a return to $95,000, which would open a direct path to $97,300 and then toward $99,400. The farther target is the peak near $102,000. Clearing that level would signal renewed attempts to restore a bullish market. On a pullback, buyers are expected around $93,200. A drop below that area could quickly push BTC toward $91,300, with a further downside target near $89,600.

For Ethereum, clear consolidation above $3,280 would open a direct route to $3,349 and then toward $3,474, with that level's breach strengthening bullish sentiment and attracting renewed buyer interest. If ETH falls, buyers are anticipated at $3,189. A move below that area could rapidly send ETH toward $3,105, with a farther target near $2,997.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.