Grayscale Ethereum Mini Staking ETF Stock Price, News & Analysis
Company Description
Grayscale Ethereum Staking Mini ETF Shares (trading under the symbol ETH on NYSE Arca) represent interests in Grayscale Ethereum Staking Mini ETF, a Delaware statutory trust (the “Trust”). According to the Trust’s SEC filings, the Trust was previously known as Grayscale Ethereum Mini Trust ETF and changed its name to Grayscale Ethereum Staking Mini ETF effective January 5, 2026, pursuant to a Certificate of Amendment to its Certificate of Trust and related amendments to its Declaration of Trust and Trust Agreement.
The Trust is sponsored by Grayscale Investments Sponsors, LLC (“the Sponsor”), an affiliate of Grayscale Investments, Inc. The Trust’s shares are listed and traded on NYSE Arca, and SEC filings state that the shares are expected to continue trading on NYSE Arca under the symbol ETH following the name change. Outstanding stock certificates for shares of the Trust remain valid and are not affected by the name change.
Trust structure and governance
The Trust operates under a Second Amended and Restated Declaration of Trust and Trust Agreement between the Sponsor and the trustee, CSC Delaware Trust Company. Amendments to this agreement, approved by shareholders through a consent solicitation process, provide the Trust with the ability to stake Ether held by the Trust, to receive consideration in relation to that staking activity, and to permit the Sponsor to receive a Sponsor’s Staking Fee calculated as a percentage of staking consideration earned, payable in Ether or other staking consideration. The Trust’s governance framework, including the Sponsor’s authority to make certain amendments to the Trust Agreement, is described in detail in the Trust’s SEC filings.
Custody, prime brokerage and staking arrangements
The Trust’s Ether is held with institutional custodians and service providers as described in multiple Form 8-K filings. Coinbase Custody Trust Company, LLC acts as a primary custodian and, together with Coinbase, Inc. and related entities, provides prime broker and custodial services under a Coinbase Prime Broker Agreement. This agreement governs the rights and responsibilities of the Sponsor, the Trust, and the custodial entities with respect to the Trust’s Ether, including accounts maintained and operated by the custodian as a fiduciary with respect to the Trust’s assets.
In addition, the Sponsor has entered into a Master Custody Service Agreement, as amended, with Anchorage Digital Bank N.A. to provide custody and safekeeping services for a portion of the Trust’s Ether holdings. Under this agreement, Anchorage Digital is required to keep private keys associated with the Trust’s Ether held at Anchorage Digital in cold storage, meaning the private keys are generated and stored offline to increase resistance to hacking. The Sponsor may determine, in its discretion and as permitted by the Trust Agreement, the allocation of the Trust’s Ether between custodians.
To support staking, the Sponsor, on behalf of the Trust, entered into a Staking Addendum with Coinbase. This addendum sets forth the terms of arrangements with the custodian and one or more third-party staking providers, which may include affiliates of the custodian or other institutional validators, to stake the Trust’s Ether. Under these arrangements, the custodian and staking provider are entitled to receive a portion of the gross staking consideration generated, with the remainder received by the Trust. The Sponsor is permitted to receive a Sponsor’s Staking Portion of the staking consideration as a fee, with SEC filings noting that, as of the relevant filing date, the Sponsor’s Staking Portion, the custodian’s fee and the staking provider’s share together comprised an aggregate of 6% of the gross staking consideration, with the Trust retaining the balance.
Index methodology and price reference
The Trust’s Ether valuation references the CoinDesk Ether Price Index (ETX), as described in the Trust’s SEC filings. CoinDesk Indices, Inc., as the Index Provider, periodically updates the set of digital asset trading platforms (referred to as Constituent Trading Platforms) used to derive the Index Price. Form 8-K filings document changes to these platforms over time, including the addition or removal of venues such as Coinbase, Kraken, Crypto.com, LMAX Digital, Gemini, Bitstamp by Robinhood, and Bullish, based on liquidity and other criteria defined in the Trust’s Annual Report.
The Index Provider conducts scheduled quarterly reviews and may add or remove Constituent Trading Platforms that satisfy or fail its criteria. The Index Provider may also change the trading venues used to calculate the Index Price or modify the way in which the Index Price is calculated. These processes, as described in the Trust’s SEC filings, form an important part of how the Trust determines reference pricing for Ether.
Listing standards and regulatory context
According to an 8-K filing, the Trust’s shares began trading on NYSE Arca under listing standards originally approved by the SEC pursuant to Rule 19b-4 under the Securities Exchange Act of 1934. Following the SEC’s approval of NYSE Arca Rule 8.201-E (Generic), which permits listing and trading of certain commodity-based exchange-traded products that meet specified generic requirements, the Sponsor applied to transition the Trust’s listing to NYSE Arca’s Generic Listing Standards. The Sponsor has stated that this transition is expected to position the Trust to maintain parity with similarly situated investment products.
The Trust’s filings also describe supplemental disclosures to its Annual Report on Form 10-K, including updates to the “Business” and “Risk Factors” sections to reflect changes in staking, custody, governance, and listing standards. These disclosures are incorporated by reference into the Trust’s periodic and current reports.
Administration, accounting and sponsor organization
The Sponsor has engaged BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, to provide administrative and accounting services to the Trust under a Fund Administration and Accounting Agreement. This agreement replaced a prior administration and accounting agreement, with BNY continuing to serve in this role. The Trust’s SEC filings indicate that references to the Fund Administration and Accounting Agreement in its Annual Report are deemed to refer to the updated agreement.
The Sponsor itself is part of a broader corporate structure involving Grayscale Investments, Inc., GSO Intermediate Holdings Corporation, and other entities that are consolidated subsidiaries of Digital Currency Group, Inc. An internal corporate reorganization made Grayscale Investments the sole managing member of Grayscale Operating, LLC, which is the sole member of the Sponsor. The board of directors of Grayscale Investments is responsible for managing and directing the affairs of the Sponsor, and the Trust’s filings note that this reorganization is not expected to have a material impact on the Trust’s operations.
Social media and information sources
In a Form 8-K, the Sponsor explains that it and its affiliates maintain a presence on X (formerly Twitter) and that communications on X may include cashtags such as $ETH. X automatically converts cashtags into hyperlinks that direct users to pages containing market data, news, commentary, and other content created or supplied by third parties. The Sponsor states that it does not control, endorse, or assume responsibility for information displayed on those X-generated pages or on third-party websites, data sources, or services accessible through them, and that such information may be inaccurate, incomplete, untimely, or inconsistent with the Trust’s public disclosures. For authoritative and up-to-date information about the Trust and its investment product, investors are directed in the filings to the Trust’s SEC filings.
Status of the Trust and trading symbol
Recent SEC filings explicitly state that shares of the Trust are expected to continue trading on NYSE Arca under the trading symbol ETH following the Trust’s name change to Grayscale Ethereum Staking Mini ETF. There is no indication in the provided filings of delisting, deregistration, bankruptcy, or cessation of operations. The filings emphasize that existing stock certificates remain valid and need not be exchanged in connection with the name change.
FAQs
- What is Grayscale Ethereum Staking Mini ETF?
According to its SEC filings, Grayscale Ethereum Staking Mini ETF is a Delaware statutory trust whose shares trade on NYSE Arca under the symbol ETH. The Trust holds Ether and, pursuant to amendments to its Trust Agreement, has the ability to stake Ether held by the Trust and receive staking consideration. - Did the Trust change its name?
Yes. A Certificate of Amendment to the Certificate of Trust changed the Trust’s name from “Grayscale Ethereum Mini Trust ETF” to “Grayscale Ethereum Staking Mini ETF,” effective January 5, 2026, as described in a Form 8-K filing. - Where are shares of the Trust listed?
The Trust’s SEC filings state that its shares are listed for trading on NYSE Arca and are expected to continue trading there under the symbol ETH following the name change. - How does the Trust handle custody of Ether?
Filings describe custody arrangements with Coinbase Custody Trust Company, LLC and Anchorage Digital Bank N.A. Coinbase and related entities provide prime broker and custodial services, while Anchorage Digital provides custody and safekeeping services, including cold storage of private keys for Ether held at Anchorage Digital. - What is the role of staking in the Trust?
Amendments to the Trust Agreement approved by shareholders allow the Trust to stake Ether and receive staking consideration. A Staking Addendum with Coinbase sets out terms under which the custodian and staking providers stake the Trust’s Ether, with gross staking consideration shared among the custodian, staking providers, the Sponsor (via a Sponsor’s Staking Fee), and the Trust. - How is the price of Ether referenced for the Trust?
The Trust’s filings reference the CoinDesk Ether Price Index (ETX) as the Index used to derive the Index Price. The Index Provider, CoinDesk Indices, Inc., periodically adjusts the list of Constituent Trading Platforms used to calculate the Index Price based on criteria such as minimum liquidity. - Who provides administration and accounting services to the Trust?
BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, provides administrative and accounting services to the Trust under a Fund Administration and Accounting Agreement, as disclosed in a Form 8-K. - Has there been any recent organizational change affecting the Sponsor?
Yes. An internal corporate reorganization made Grayscale Investments, Inc. the sole managing member of Grayscale Operating, LLC, which is the sole member of the Sponsor. The Trust’s filings state that this reorganization is not expected to have a material impact on the Trust’s operations. - How does the Trust address information shared on social media?
The Sponsor’s 8-K filing explains that while Grayscale maintains a presence on X (formerly Twitter) and may use cashtags like $ETH, it does not control or endorse third-party content linked through cashtags. Investors are directed to rely on the Trust’s SEC filings for authoritative information. - Does the Trust’s listing fall under NYSE Arca’s generic listing standards?
The Trust’s filings state that, after the SEC approved NYSE Arca’s generic listing standards for certain commodity-based exchange-traded products, the Sponsor applied to have the Trust’s shares listed and traded under those Generic Listing Standards to align the Trust with similarly situated products.