Grayscale has declared the first staking rewards distribution linked to onchain activity for a US-listed spot crypto exchange-traded product.
Shareholders of the Grayscale Ethereum Trust ETF will receive about $0.08 per share from the sale of Ethereum staking rewards.
The cash payout is scheduled for Tuesday based on holdings recorded at market close on Monday.
Grayscale enabled Ethereum staking for its products in October using institutional custodians and third-party validators.
The move made Grayscale’s Ethereum funds the first US-listed spot crypto ETPs with exposure to Ether staking.
Staking rewards are converted into US dollars and distributed in cash rather than paid out in cryptocurrency.
Grayscale’s Ethereum funds operate outside the Investment Company Act of 1940, allowing staking under a different regulatory structure.
The ETF was trading about 2% higher during early market hours following the announcement.
Other spot Ether ETFs in the United States are seeking regulatory approval to add staking features.
BlackRock, Fidelity and 21Shares have taken early steps toward launching staking-enabled Ethereum ETFs.
US spot Ether ETFs attracted $9.6 billion in inflows during their first full year of trading in 2025.
At the time of reporting, Ethereum price was $3,222.03.