Grayscale Unveils Regular Cash Payouts for Ethereum and Solana Staking

Grayscale plans to introduce regular cash payouts from staking rewards generated by its Ether (ETH) and Solana (SOL) exchange-traded products (ETPs).

The asset manager will amend the trust agreements governing the Grayscale Solana Staking ETF (GSOL) and the Grayscale Ethereum Staking ETF (ETHE), requiring each trust to convert staking rewards into cash no less often than quarterly.

Grayscale's move aims to make staking returns more accessible to traditional investors by delivering cash rewards through broker-held products, eliminating the need for shareholders to hold crypto or manage staking operations.

The company's first ETHE staking distribution occurred on January 5, paying shareholders about $0.08 per share from the sale of rewards.