Grayscale ETH mini ETF to begin cash distributions from staking rewards

Grayscale said in an 8-K filing with the U.S. SEC it amended the trust agreement for its Ethereum Staking Mini ETF, ETH, to convert staking rewards into cash and distribute them to investors on a recurring basis. The amended agreement took effect on Aug. 6, according to the filing. Under the revised terms, the ETF must convert staking rewards into cash at least once a quarter and distribute the proceeds to investors after deducting related costs, including staking fees. Grayscale currently plans to make the payments monthly, while ensuring at least one distribution per quarter in all cases. The actual payout amount will depend on the size of staking rewards received during the period.