Grayscale Ethereum Staking Mini ETF posts -$459.1M net loss as Ether falls 47% in H1 2026

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Net loss of $459.1M for the six months ended June 30, 2026, driven by Ether's 47% price decline from $2,972 to $1,579, overwhelming staking rewards of $16.9M.

  MD&A: Ether price and net asset value verify on EDGAR →
• high

  Trust began staking Ether in October 2025, earning $16.9M in staking rewards for H1 2026. Sponsor now charges a Staking Fee (0.06% annualized) on top of the 0.15% management fee, raising total expenses to 0.21%.

  Notes: Ether staking program & Sponsor's Staking Fee view on EDGAR →
• high

  Redemptions surged 249% year-over-year to 167,279 Ether ($369.7M) in H1 2026 vs. 47,955 Ether ($119.4M) in H1 2025, accelerating net outflows despite higher creations.

  MD&A: Net assets and redemption activity verify on EDGAR →