Quarterly ResultMay 8, 2026, 04:09 PM
Grayscale Ethereum Staking Mini ETF Q1 Net Assets $1.80B; NAV $19.86
AI Summary
Grayscale Ethereum Staking Mini ETF reported net assets of $1.80 billion as of March 31, 2026, down from $2.18 billion at the end of 2025, primarily due to a decrease in Ether's fair value. Despite this, the Trust generated $8.375 million in staking reward income for the quarter, leading to a net investment income of $7.409 million, a significant improvement from a loss in the prior year. The Trust also saw a net increase of $304.717 million from capital share transactions, indicating strong demand for its shares.
Key Highlights
- Net assets decreased to $1.80 billion as of March 31, 2026, from $2.18 billion on December 31, 2025.
- Principal Market NAV per Share declined to $19.86 from $28.06 quarter-over-quarter.
- Staking Reward income was $8.375 million for Q1 2026, up from $0 in Q1 2025.
- Net investment income was $7.409 million for Q1 2026, compared to a loss of $(0.323) million in Q1 2025.
- Net change in unrealized depreciation on Ether was $(604.760) million in Q1 2026.
- Net capital share transactions increased $304.717 million in Q1 2026, reversing a $(21.590) million decrease in Q1 2025.
- Shares outstanding increased by 13,150,000 in Q1 2026, reaching 90,880,788 shares.
- Fair value per Ether was $2,095.22 on March 31, 2026, down from $2,971.94 on December 31, 2025.