On January 6, 2026, something small happened that will quietly reshape Ethereum ETFs. Grayscale’s Ethereum Trust (ETHE) distributed $0.083178 per share in cash. The amount was not the headline. The precedent was. Because the moment you admit staking yield can flow through an ETF, every issuer gets asked the same question, whether they want it […]
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What teams should retain every close The rules are mostly written. Now comes the part that matters: proving the numbers. In 2026, the gap between “we can explain it” and “we can evidence it” will determine who closes smoothly and who lives with follow-up requests. The goal is simple: every close should produce an evidence […]
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When the U.S. Treasury and IRS released Revenue Procedure 2025-31, they did more than “green light” staking for Ethereum and Solana ETFs. They told issuers that if they want the comfort of a safe harbor, they have to accept a very real operational constraint: staking rewards, net of trust expenses, need to be pushed out […]
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