#现货交易市场 Seeing this news from Grayscale, what flashed through my mind were the days of 2015. Back then, we were engaged in spot trading and could never have imagined that one day we would earn staking yields within the framework of the US regulated market through ETFs. The figure of $0.083178 may seem small, but what it represents is worth pondering.

This is the first US spot crypto asset trading product to distribute staking yields, what does this mean? Institutionalization. Standardization. And yield distribution achieved under compliance. I still remember the early days of wild growth—staking, lending, various derivatives operations, risk and reward intertwined. One black swan event could wipe out many. Now, it’s different. Large institutions like Grayscale have standardized staking, allowing ordinary investors to participate through ETFs, significantly increasing risk controllability.

From the perspective of spot trading, this reflects a leap in market maturity. Ten years ago, we discussed trading pair liquidity; five years ago, it was exchange security; now, we are talking about stable asset yields and compliant distribution. Although individual dividend payments may seem small, this milestone indicates that crypto assets are transitioning from speculative instruments to income-generating assets.

History always offers insights if you’re willing to look back. This distribution is not the end but the beginning of a new cycle.