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Wall Street’s staking pipeline narrows: BNY and BlackRock both lean on Galaxy
Major financial institutions like BNY Mellon and BlackRock are increasingly relying on a narrow set of infrastructure providers, such as Galaxy Digital, for institutional cryptocurrency staking services. This concentration, particularly for Ethereum and Solana, raises concerns about potential operational risks and coordinated policy influence, despite the separation of private keys and validator functions.
Grayscale Seeks SEC Approval for America’s First Worldcoin ETF
Grayscale has submitted an S-1 registration statement to the SEC for the first US exchange-traded fund backed by Worldcoin's WLD token, aiming to trade on Nasdaq under the ticker GWLD. The proposed passive fund would directly hold WLD and track its price via the CoinDesk Worldcoin Benchmark Rate, minus expenses. While details like management fees are still to be determined, the filing marks a significant step in Grayscale's expansion into single-asset cryptocurrency funds.
