Grayscale has made history by becoming the first spot $ETH ETF in the U.S. to distribute staking rewards to investors. The Grayscale Ethereum Staking ETF (ETHE) paid USD 0.083178 per share from Q4 2025 staking profits, after enabling staking at the end of last year.
This marks a shift from price-tracking ETFs to cash-flow-generating ETFs, allowing investors to hold ETH while earning yield without staking themselves. It effectively brings staking into traditional finance in a compliant, regulated way.
