Grayscale To Roll Out Regular Cash Payouts From ETH And SOL Staking Rewards

Asset manager Grayscale is moving to set up regular cash distributions from staking rewards earned by its Ether and Solana exchange-traded products, giving investors ongoing access to yield without needing to hold crypto directly.

Trust Agreements Set For Amendment In August

According to Form 8-K filings submitted to the Securities and Exchange Commission, Grayscale plans to amend the trust agreements behind the Grayscale Solana Staking ETF and the Grayscale Ethereum Staking ETF around August 7.

The changes would require both trusts to convert staking rewards into cash at least once every quarter and pass the net proceeds on to shareholders. The setup would let traditional investors collect staking returns through broker-held products, skipping the need to manage validators or hold the underlying tokens themselves. Grayscale noted that actual payout amounts can’t be predicted in advance, since they depend on staking rewards earned each period and expenses deducted by the trusts.

A Track Record Of Staking Distributions

Grayscale made its first cash distribution from ETHE staking on January 5, paying shareholders about $0.08 per share from the sale of rewards. The company had enabled staking across its ETH and SOL products back on October 6, 2025, making it the first US crypto fund issuer to bring staking into spot crypto ETPs. As of the latest data, ETHE held $1.22 billion in net assets with gross staking rewards of 2.67%, while GSOL held $101.13 million in net assets with gross staking rewards of 6.10%.

Changes Aim To Keep Funds Tax Compliant

Grayscale said the amendments are meant to keep the funds aligned with Internal Revenue Service guidance that allows them to earn staking rewards while retaining their current tax treatment. The company said the changes shouldn’t meaningfully hurt shareholders but is still providing a 20-day notice period before they take effect. Once implemented, each trust would be allowed to deduct expenses, including a portion of rewards paid to Grayscale for arranging the staking activity, before distributing what remains. The filings don’t guarantee a fixed payout amount, noting that rewards will fluctuate based on the assets staked and network conditions at the time.