Grayscale Issues First US Ethereum ETF Staking Payout – $9.4M Cash, Yield War Next?

Grayscale has issued the first staking-reward cash distribution from a U.S.-listed, spot crypto ETP. ETHE has paid $0.083178 per share, about $9.4M total, for rewards earned Oct. 6-Dec. 31, 2025. Grayscale has sold accrued ETH rewards so the fund’s Ether holdings stay intact.