Grayscale Ethereum Staking Mini ETF 8-K

What Happened

• On February 6, 2026, Grayscale Investments Sponsors, LLC filed an 8‑K for the Grayscale Ethereum Staking Mini ETF (ETH) announcing that NYSE Arca has received SEC approval permitting crypto‑based ETPs listed on NYSE Arca, including the Trust, to conduct creations and redemptions of shares via in‑kind transactions.
• The Sponsor amended Participant Agreements with Jane Street Capital, LLC and Virtu Americas LLC to permit those Authorized Participants to perform in‑kind creations and redemptions. The Sponsor may add additional Authorized Participants in the future who could create/redeem in‑kind, in cash, or both.
• The filing includes updated disclosures (filed as Exhibits) describing the in‑kind creation/redemption process and updated U.S. federal tax consequences, including confirmation that the previously disclosed “Staking Condition” has been satisfied.

Key Details

• Filing date: February 6, 2026 (Current Report on Form 8‑K).
• Named Authorized Participants amended: Jane Street Capital, LLC and Virtu Americas LLC.
• Regulatory change: NYSE Arca received SEC approval allowing in‑kind creations/redemptions for crypto‑based ETPs listed on NYSE Arca.
• Exhibits filed: Form of Participant Agreement (Exhibit 10.1) and supplemental disclosures describing creation/redemption mechanics (Exhibit 99.1), federal tax consequences (Exhibit 99.2), and other updates (Exhibit 99.3); tax filing notes the Staking Condition is satisfied.

Why It Matters

• In‑kind creation/redemption is an alternative to the Trust’s cash‑based process: instead of transferring cash, Authorized Participants (or their designees) can transfer underlying crypto assets when creating or redeeming shares. That changes how shares are issued and surrendered operationally.
• The Sponsor updated the Trust’s official disclosures and tax guidance to reflect the new in‑kind option and the satisfied Staking Condition. Retail investors should review the supplemental exhibits and updated prospectus language for details on mechanics and tax implications before trading or redeeming shares.