Here are the 10-Q quarterly reports from Grayscale Ethereum Staking Mini ETF Shares (ETH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ETH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ETH filings page.
Grayscale Ethereum Staking Mini ETF reported a $943.082 million increase in net assets from operations for the three months ended September 30, 2026, compared with $931.931 million a year earlier. For the nine months, operations reduced net assets by $197.148 million, versus a $543.202 million increase in 2025; the nine-month total return was -9.19%, compared with 24.43%.
At September 30, 2026, the Trust held Ether valued at $2,481.194 million, including $1,992.358 million of staked Ether, and reported net assets of $2,481.190 million. Staking reward income was $26.705 million for the nine months. The Trust distributed $3,259,246 in cash to shareholders on September 4, equal to $0.034765 per Share; the distribution came from staking rewards and reduced Ether holdings through Ether sales. The Sponsor, Custodian and staking providers receive an aggregate 6% of gross staking rewards as fees. Ether’s price directly affects NAV, and the Trust identifies volatility, liquidity, operational and cybersecurity risks.
Grayscale Ethereum Staking Mini ETF, a passive trust holding Ether, reported net assets of $1,349,077 (amounts in thousands) at June 30, 2026, a 38% decrease over six months as the Ether price fell from $2,971.94 to $1,578.53. Shares outstanding rose to 89,790,788, and Principal Market NAV per Share declined from $28.06 to $15.02.
For the six months ended June 30, 2026, the Trust earned $16,896 (amounts in thousands) of staking reward income and net investment income of $14,984 (amounts in thousands), but recorded net realized and unrealized losses on Ether of ($1,155,214) (amounts in thousands), leading to a net decrease in net assets from operations of ($1,140,230) (amounts in thousands) and a total return of -46.47%.
Creations added $677,841 (amounts in thousands) of value while redemptions removed $369,689 (amounts in thousands), resulting in net capital inflows of $308,152 (amounts in thousands). Ether holdings increased to 854,642.67477818, including staked Ether generating rewards. After June 30, 2026, a new trust agreement requires mandatory cash distributions of net staking rewards no less often than quarterly, which the Trust currently intends to make monthly.
Grayscale Ethereum Staking Mini ETF reported a sharp Ether price-driven loss for the quarter ended March 31, 2026. Net assets fell from $2,181,155,000 to $1,804,771,000 as Ether’s principal market price declined from $2,971.94 to $2,095.22 per Ether.
The Trust’s Ether holdings rose from 733,993.75 to 861,376.86 Ether, mainly from creations of 218,563.69 Ether and 3,496.20 Ether of staking rewards, partly offset by 94,195.08 Ether redeemed and Ether used to pay fees. Principal Market NAV per Share dropped from $28.06 to $19.86, a total return of -29.22% for the quarter.
The Trust recorded net investment income of $7.4M, driven by $8.4M in staking reward income, but a net realized and unrealized loss on Ether of $688.5M produced an overall net decrease in net assets from operations of $681.1M. Governance was updated with a new Board of Managers for the Sponsor created on May 4, 2026.
Grayscale Ethereum Mini Trust ETF (ETH) reported a sharp increase in Q3 2025 driven by Ether price appreciation and net creations. Net assets rose to $3,001,975,000 as of September 30, 2025, with holdings of 721,349.34169850 Ether. NAV per Share was $39.17 on 76,630,788 shares outstanding.
For the quarter, the Trust recorded $932,923,000 in net realized and unrealized gains on Ether, offset by a $992,000 Sponsor’s Fee. Creations totaled $1,115,426,000 (30.27 million shares) and redemptions were $375,638,000 (9.78 million shares). Year-to-date, net gains were $544,923,000, with Ether rising from $3,340.40 at December 31, 2024 to $4,161.61 at September 30, 2025. Each Share represented approximately 0.0094 Ether.
The Sponsor’s Fee is 0.15% following the six‑month waiver that ended January 23, 2025; fees incurred year-to-date were $1,720,471. Subsequent events: the Trust began staking Ether on October 6, 2025, and noted a management reorganization at affiliates on October 22, 2025. Shares outstanding were 78,390,788 as of October 31, 2025.