- On **October 3, 2025**, Grayscale Ethereum Trust ETF (the "Trust") and its sponsor, Grayscale Investments Sponsors, LLC, entered into a **new Prime Broker Agreement** with Coinbase, Inc., Coinbase Custody Trust Company, LLC, and Coinbase Credit, Inc..  **[1725210_0001193125-25-231015_ethe-20251003.htm:1]** 
- This agreement establishes the rights and responsibilities for the Trust's Ether, with **Coinbase Custody continuing as the custodian**.  **[1725210_0001193125-25-231015_ethe-20251003.htm:1]** 
- The Trust Agreement now permits **staking of digital assets**, as the **Staking Condition has been satisfied**, and the Sponsor intends to engage in staking.  **[1725210_0001193125-25-231015_ethe-ex99_1.htm:0]** 
- An **ETP Staking Addendum** to the Coinbase Custody Custodial Services Agreement was also executed, detailing the terms for staking Eligible Digital Assets.  **[1725210_0001193125-25-231015_ethe-ex10_2.htm:0]**

Grayscale Ethereum Trust ETF Enters New Prime Broker Agreement and Enables Staking

- Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) have become the **first U.S.-listed spot crypto ETPs to enable staking**.  **[1725210_84f169a7b7854e1db075e1b3f8e97bcd_0]** 
- Grayscale Solana Trust (GSOL) has also activated staking, offering investors access to SOL staking through a traditional brokerage account.  **[1725210_84f169a7b7854e1db075e1b3f8e97bcd_0]** 
- Grayscale is the **#1 digital asset-focused ETF issuer globally by AUM**, managing approximately **$35 billion as of September 30, 2025**.  **[1725210_84f169a7b7854e1db075e1b3f8e97bcd_0]** **[1725210_84f169a7b7854e1db075e1b3f8e97bcd_1]** 
- Staking across these products aims to provide investors with exposure to the long-term value accrual of the underlying networks.  **[1725210_84f169a7b7854e1db075e1b3f8e97bcd_0]**

Grayscale Launches First Staking Spot Crypto ETPs in U.S.

- **Grayscale Ethereum Trust ETF** filed supplemental disclosures to its Annual Report, stating that it is **currently prohibited from engaging in Staking** because the "Staking Condition" has not been met.  **[1725210_0001193125-25-220483_ethe-ex99_1.htm:0]** **[1725210_0001193125-25-220483_ethe-ex99_1.htm:18]** 
- The Trust **does not expect to engage in Staking** until its application to list and trade under NYSE Arca's Generic Listing Standards is approved, which is **expected around September 29, 2025**.  **[1725210_0001193125-25-220483_ethe-20250925.htm:3]** 
- A **Third Amended and Restated Declaration of Trust and Trust Agreement** was made effective **September 25, 2025**.  **[1725210_0001193125-25-220483_ethe-ex4_1.htm:0]** 
- **Grayscale Investments Sponsors, LLC** became the **sole sponsor** of the Trust effective **May 3, 2025**, following a corporate reorganization.  **[1725210_0001193125-25-220483_ethe-ex4_1.htm:3]**