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02

Why it stayed unstaked

Staking fund assets used to risk pulling the trust out of favorable grantor-trust tax treatment.

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03

The IRS opened a path

Rules published in November 2025 let crypto funds stake without triggering fund-level tax, if they restructure to use it.

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04

A tight compliance window

Reporting on Grayscale's filing timeline put the relevant deadline at August 10 — four days after the trust amendment was signed.

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05

The yield already earned

Grayscale reports net staking rewards of about 2.61% a year after fees, with $27.3 million earned so far from ETH already staked.

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06

What changes now

Most of the 161,000 ETH buffer is expected to move into staking, with a smaller reserve kept for redemptions and emergencies.

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