Grayscale Makes First U.S. Spot Crypto ETP Payout of Ethereum Staking Rewards
The cash payout models how on-chain rewards can flow to ETF holders within a non‑40 Act ETP structure.
Overview
- ETHE distributed $0.083178 per share from staking rewards earned between October 6 and December 31, 2025.
- The payment is scheduled for January 6, 2026 to shareholders of record as of January 5, 2026.
- The distribution reflects net cash from selling staking rewards rather than an in‑kind credit of Ether.
- Grayscale activated staking in October 2025 and in January 2026 renamed ETHE and its Mini ETF (ticker ETH) to highlight the staking capability.
- The Ethereum ETPs are not registered under the Investment Company Act of 1940 and carry staking risks including lock-up, price volatility, security vulnerabilities, and validator or custodian failure, and Grayscale says it plans to extend staking to additional products.