Which ETFs can stake now?

TLDR

U.S.-listed crypto ETFs that hold a single proof?of?stake asset (for example Ethereum or Solana) and meet the IRS safe harbor conditions can stake now and distribute rewards to investors per the new guidance IRS safe harbor for staking.

1. Spot Ethereum (ETH) ETFs are eligible, and Grayscale has already begun offering ETH staking rewards to holders issuer update.
2. Solana (SOL) ETFs are eligible once issuers amend filings and implement the required custodial and disclosure setups policy details.
3. Eligibility hinges on one?asset portfolios, qualified custodians, independent staking providers, and clear risk/liquidity disclosures framework.

Deep Dive

1. Who Is Eligible

ETFs and investment trusts that hold only cash plus one proof?of?stake token (such as ETH or SOL), trade on a national securities exchange, stake via qualified custodians, and disclose operational risks can stake and share rewards with shareholders under a new IRS safe harbor safe harbor criteria.

1. The guidance clarifies tax treatment (rewards taxed at the investor level when received) and preserves trust tax status while staking tax treatment.
2. Operational rules include independent staking providers and maintaining liquidity for redemptions even when assets are staked operational rules.

2. ETH and SOL Examples

Ethereum (ETH) ETFs are first in line, and Grayscale has already begun offering ETH staking rewards to holders, signaling live adoption in the U.S. market issuer update.

1. The policy explicitly contemplates staking for PoS assets like ETH and SOL (and other PoS networks such as AVAX) asset scope.
2. Solana ETFs can add staking after issuers amend filings and implement custodian and disclosure requirements; typical network yields are in the mid single digits, subject to conditions policy details.

3. Timing and Caveats

Most issuers must update prospectuses and operational setups before rewards flow regularly, even though the regulatory path is now open framework.

1. Funds must disclose validator risks (for example, slashing) and how staking interacts with liquidity and redemptions risk disclosures.
2. Analysts expect broader adoption across major issuers following the guidance, but specifics like reward frequency, fees, and caps will vary by fund market outlook.

Conclusion

Staking is now permitted for U.S. crypto ETFs that meet the IRS safe harbor, with Ethereum ETFs leading and Solana ETFs next once filings are updated. The practical step is to check each issuers latest prospectus and notices for staking activation, reward distribution schedules, and related fees, then decide whether the disclosed yield and liquidity trade?offs align with your goals.