Grayscale plans regular cash payouts from ETH, SOL staking rewards

According to Cointelegraph, Grayscale is planning to introduce regular cash distributions from staking rewards linked to its Ether and Solana exchange-traded products (ETPs). Amendments to the trust agreements for these products, expected around August 7, will mandate quarterly cash payouts to shareholders, providing broader access to staking rewards without requiring direct cryptocurrency management. While Grayscale emphasizes that payout amounts will vary based on staking performance and associated expenses, the initiative aims to align the funds with IRS tax guidelines. Read the full story at Cointelegraph . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.