Asset manager Grayscale is moving to formalise regular cash distributions from its Ether and Solana staking exchange-traded products, giving shareholders a recurring income stream tied direct
Asset manager Grayscale is moving to formalise regular cash distributions from its Ether and Solana staking exchange-traded products, giving shareholders a recurring income stream tied directly to on-chain yields.
In Form 8-K filings submitted to the US Securities and Exchange Commission, Grayscale announced plans to amend the trust agreements governing two products: the Grayscale Solana Staking ETF (GSOL) and the Grayscale Ethereum Staking ETF (ETHE). The amendments are targeted for around 7 August and would require each trust to convert staking rewards into cash no less than quarterly, then distribute net proceeds to shareholders.
