Grayscale’s Ethereum staking Mini ETF could stake nearly all its Ether

Grayscale’s Ethereum Staking Mini ETF is staking the vast majority of its Ether holdings inside a US-regulated exchange-traded fund, then preparing to cut quarterly checks to investors from the rewards. As of early August 2026, the fund has approximately 839,556 Ether in its coffers, with 80.8% of that actively staked. Gross staking rewards sit at roughly 2.78%, netting out to 2.61% after fees. And a July 2026 amendment filing signals the fund could push that staking percentage even higher, potentially approaching nearly all of its holdings. How the plumbing works The Mini ETF, which trades under the ticker ETH, launched on July 23, 2024, with a management fee of just 0.15%. Under amendments filed in July 2026, Grayscale plans to convert staking rewards into cash and distribute them to shareholders on a quarterly basis. The conversion-to-cash approach is designed to satisfy IRS guidelines, which treat staking rewards as ordinary income for US holders once received by the trust. Staking Ether directly requires technical knowledge, capital lockup, and a tolerance for the operational risks of running validator infrastructure. The Mini ETF abstracts all of that into a brokerage account...