Grayscale plans regular cash payouts from ETH, SOL staking rewards

Summary

Grayscale plans to add regular cash distributions to its Ether and Solana staking ETPs, ETHE and GSOL, by amending their trust agreements around Aug. 7. The change would require staking rewards to be converted into cash and paid to shareholders at least quarterly, giving investors recurring yield through broker-held products without needing to manage crypto staking themselves. Payouts will vary based on staking performance, network conditions, and trust expenses, so no fixed distribution amount is guaranteed. Grayscale says the revisions are meant to preserve the funds’ current IRS tax treatment for staking rewards. The company already made its first ETHE staking payout earlier this year and was the first US crypto fund issuer to add staking to spot crypto ETPs.