Grayscale has formalized a mandatory minimum cadence for converting staking rewards from three crypto exchange-traded products into cash and paying the net proceeds to shareholders.
Trust amendments executed Aug. 6 for the Grayscale Ethereum Staking ETF (ETHE), Grayscale Solana Staking ETF (GSOL) and Grayscale Avalanche Staking ETF (GAVA) require each product to reduce "Staking Consideration" to cash no less often than quarterly. Net proceeds must then be distributed promptly after applicable fees and trust expenses are deducted.
According to Form 8-K filings submitted Aug. 7, the three trusts currently intend to make distributions monthly, though the binding floor set in the amendments is quarterly.
