Grayscale Seeks Quarterly Cash Payouts from Ethereum, Solana Staking ETFs

Grayscale is seeking to make regular cash distributions from its Ethereum and Solana staking exchange-traded products. The firm plans to amend the trust agreements for the Grayscale Solana Staking ETF (GSOL) and the Grayscale Ethereum Staking ETF (ETHE), which will require converting staking rewards into cash at least once per quarter and distributing net proceeds to shareholders.

The proposed revisions aim to comply with Internal Revenue Service rules allowing staking rewards to be received without tax withholding. This change would enable retail investors to receive staking income in cash through brokerage accounts, eliminating the need for them to directly hold crypto or manage staking operations themselves.

Grayscale added staking features to its ETH and SOL products on October 6, 2025, making it the first US digital-asset fund manager to introduce staking to spot ETPs. As of July 17, the Ethereum fund's total staking yield was 2.67% on an annual basis, while the Solana fund's was 6.10%. The company will disclose how cash distributions will operate for each fund after the changes take effect.

Yahoo Finance data show that ETHE had net assets of $1.22 billion and GSOL had $101.3 million as of July 17. Grayscale made ETHE's first staking distribution on January 5, paying shareholders about $0.08 a share.