Fidelity Investments filed with the SEC to add staking up to 100% of its Ether holdings in the Fidelity Ethereum Fund, retaining 85% of rewards and planning quarterly cash distributions.
Grayscale plans to amend trust agreements for its Ether and Solana staking ETPs by August 7, enabling regular quarterly cash distributions from staking rewards. This aims to make staking yields more accessible to traditional investors while maintaining IRS tax compliance.
Grayscale plans to amend its Ethereum and Solana Staking ETF trust agreements to convert staking rewards into cash payouts at least quarterly, starting around August 7. This move aims to provide investors with a clearer, comparable measure of fund performance and aligns with IRS guidelines for grantor trusts.
