Here are the 424B prospectus supplements from Grayscale Ethereum Staking Mini ETF Shares (ETH) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, 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 updates its governing Trust Agreement to support a mandatory distribution framework for staking rewards. The Trust must convert Staking Consideration to cash at least quarterly and distribute net proceeds, and currently intends to pay these distributions monthly, subject to available rewards and expenses.
The Sponsor continues to treat the Trust as a grantor trust, so shareholders are viewed as directly owning Ether and related income, including staking rewards. Extensive tax disclosure highlights that U.S. federal tax treatment of digital assets and staking remains uncertain, the IRS’s new 2025 staking safe harbor may not fully apply, and adverse guidance could cause reclassification as a partnership or corporation, potentially adding entity-level tax, withholding on non‑U.S. investors and possible UBTI exposure for tax‑exempt holders.
Grayscale Ethereum Staking Mini ETF describes a proposed Third Amended and Restated Declaration of Trust and Trust Agreement expected to be effective on or around August 7, 2026. This amendment would replace the current Trust Agreement in full.
The change would require the Trust to begin regular cash distributions of the net cash proceeds of staking rewards to shareholders. The Trust must convert Staking Consideration to cash no less often than quarterly and promptly distribute the cash proceeds after deducting Trust expenses not assumed by the Sponsor, including a portion of the Staking Consideration paid to the Sponsor for facilitating staking arrangements. The amount of each distribution will depend on staking proceeds received. Shareholders are encouraged to consult tax advisors about potential tax consequences. Shares remain listed on NYSE Arca under the symbol ETH, and the Trust continues to operate outside the Investment Company Act of 1940.