Ethereum ETFs Initiate Staking Yield Distributions, Sparking 'Yield War'
Ethereum ETFs Initiate Staking Yield Distributions, Sparking 'Yield War'
Grayscale's Ethereum Staking ETF (ETHE) has begun distributing staking rewards as cash to investors, paying out $9.39 million on Jan. 6. This strategic move is seen as igniting a 'yield war' among Ethereum ETF issuers, compelling them to offer investors direct returns on their ETH holdings.
Grayscale has turned Ethereum’s staking yield into something ETF investors instantly recognize: a cash distribution. On Jan. 6, the Grayscale Ethereum Staking ETF (ETHE) paid around $0.083 per share, totaling $9.39 million, funded by staking rewards the fund earned on its ETH holdings and then sold for cash. The payout covered rewards generated from Oct. […]
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