The cash distribution stems from staking rewards earned after the fund enabled Ethereum staking in October.
Grayscale has declared a staking rewards distribution for its Ethereum Staking exchange-traded fund (ETF), the first time a US-listed spot crypto exchange-traded product (ETP) has scheduled a payout tied to onchain staking activity.
Grayscale Ethereum Trust ETF (ETHE) shareholders will receive about $0.08 per share from proceeds of the sale of staking rewards, with the payout scheduled for Tuesday based on holdings recorded at market close on Monday.
Grayscale activated staking for its Ethereum products on Oct. 6, with staking conducted through institutional custodians and third-party validator providers. The move made ETHE and Grayscale Ethereum Mini Trust ETF (ETH) the first US-listed spot crypto ETPs to gain exposure to Ether staking.
