Today’s Talk Your Book is brought to you by Grayscale:
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On today’s show, we discuss:
- IRS guidance on compliant staking with crypto ETPs
- The difference between proof-of-work and proof-of-stake tokens
- A move toward distributions being paid from staking rewards on cryptocurrency ETPs
- The downsides of staking, including illiquidity and slashing risk
- The pipeline of tokens becoming available through ETPs
- An index-based approach to investing in crypto through $GDLC
Listen here:
https://podcasts.thecompoundnews.com/show/animalspirits/
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Tweets:
Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors.
This move increases investor benefits, boosts innovation, and keeps America the…
— Treasury Secretary Scott Bessent (@SecScottBessent) November 10, 2025
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