Brad Thomas

Cristina Fernandez

Andrew Efimoff

Bobby Griffin

Joe Feldman

- The Grayscale Ethereum Mini Trust ETF has added **supplemental disclosures** to its Annual Report concerning the risks and conditions for **Staking**.  **[2020455_0001193125-25-220476_eth-ex99_1.htm:0]** 
- As of the date of the annual report, the Trust is **prohibited from engaging in Staking** because the **Staking Condition has not been met**, and there is no assurance as to when or if it will be met in the future.  **[2020455_0001193125-25-220476_eth-ex99_1.htm:0]** 
- Risks associated with Staking include potential losses for validators, liquidity risks due to the inaccessibility of staked Ether for variable periods, and an uncertain regulatory landscape.  **[2020455_0001193125-25-220476_eth-ex99_1.htm:0]** **[2020455_0001193125-25-220476_eth-ex99_1.htm:17]** 
- If the Staking Condition is satisfied, U.S. Holders would be treated as directly realizing their pro rata share of staking income, and Non-U.S. Holders may be subject to U.S. federal withholding tax on staking rewards.  **[2020455_0001193125-25-220476_eth-ex99_1.htm:12]** **[2020455_0001193125-25-220476_eth-ex99_1.htm:27]**

Grayscale Ethereum Mini Trust ETF (ETH)