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- Sponsor Unilateral Amendment Authority Without Shareholder Consent (new) — Two new risk factors disclose the Sponsor can amend the Trust Agreement without shareholder approval, potentially misaligning with shareholder interests or jeopardizing grantor trust tax status.
Grayscale Ethereum Staking Mini ETF adds staking, earns $8.4M in Q1 rewards
Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read
Key Changes
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Trust began staking Ether in October 2025, earning $8.4M in Q1 2026 staking rewards (3,496 ETH). Net investment income swung from a $323K loss in Q1 2025 to $7.4M income, more than offsetting the 0.15% Sponsor's Fee and new 0.05% Sponsor's Staking Fee.
Notes: Staking operations view on EDGAR → -
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Net assets grew to $1.8B (90.9M shares) from $834M (48.5M shares) year-over-year, driven by 23.1M share creations vs 10.0M redemptions in Q1 2026—a reversal from Q1 2025's net redemptions of 1.5M shares.
Notes: Share activity view on EDGAR → -
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Q1 2026 total return was -29.2% vs -45.3% in Q1 2025, reflecting a smaller Ether price decline (29.5% vs 45.3%) and the positive contribution from staking income offsetting the loss on holdings.
Notes: Total return verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify