Grayscale Ethereum ETF becomes first in the U.S. to distribute staking rewards: CNBC Crypto World

Watch on YouTube ↗  |  January 05, 2026 at 20:27  |  12:31  |  CNBC
Speakers
Tom Lee — Managing Partner & Head of Research, Fundstrat
Yuval Rooz — CEO, Digital Asset
Mackenzie Sigalos — Crypto Reporter/Analyst, CNBC

Summary

CNBC Crypto World starts 2026 with major cryptocurrencies higher. The show covers Grayscale's first U.S. spot Ethereum ETP staking-reward distribution and Goldman Sachs upgrading Coinbase to buy. Fundstrat's Tom Lee discusses a potential $250,000 Bitcoin target, while Digital Asset CEO Yuval Rooz discusses institutional adoption, crypto's risk-on behavior, and DTCC tokenization on the Canton Network.

  • Bitcoin, Ethereum, and XRP traded higher to open the first full week of 2026.
  • Grayscale's Ethereum staking ETF distributed over $9.4 million in staking rewards to shareholders.
  • Coinbase shares rose after Goldman Sachs upgraded the stock to buy.
  • Tom Lee said Bitcoin could reach $250,000 in 2026 by breaking the four-year cycle.
  • Yuval Rooz said institutional adoption is the biggest crypto theme for 2026.
  • Rooz described crypto as a high-beta risk-on asset.
  • DTCC plans to tokenize custodied assets on the Canton Network after SEC no-action relief.
  • Rooz expects tokenized securities and 24/7 collateral movement to scale this year.
Ideas
Tom Lee Managing Partner & Head of Research, Fundstrat 1:46
Tom Lee sees Bitcoin hitting $250,000.
Tom Lee expects Bitcoin could reach $200,000-$250,000 in 2026, which would break the historical four-year cycle. He says tailwinds include a leverage reset after the October 10 shock, ongoing institutional adoption, Wall Street building products on the blockchain, and U.S. government support, all of which should help Bitcoin recover this year.
Yuval Rooz CEO, Digital Asset 8:01
Institutional adoption drives crypto optimism.
Yuval Rooz says he is very positive on Bitcoin and other crypto because institutional adoption is the biggest crypto theme for 2026 after the GENIUS Act and market-structure progress. He argues adoption is increasing every month, and solving privacy on crypto rails should accelerate it further.
Yuval Rooz CEO, Digital Asset 8:39
DTCC tokenization boosts Canton Network.
Yuval Rooz calls DTCC's decision to tokenize custodied assets on Canton Network massive for the crypto industry. After SEC no-action relief, he expects US Treasuries, equities, munis, and corporate bonds to move on crypto rails, with production this half-year and DTCC-eligible securities moving at scale this year.
Up Next

This CNBC video, published January 05, 2026, features Tom Lee, Yuval Rooz discussing BTC, CANTON. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tom Lee, Yuval Rooz  · Tickers: BTC, CANTON