{"url_path":"/sec/ethe/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1725210/0001193125-26-214610-index.html","accession_number":"0001193125-26-214610","cik":"0001725210","ticker":"ETHE","issuer_name":"Grayscale Ethereum Staking ETF","edgar_url":"https://www.sec.gov/Archives/edgar/data/1725210/0001193125-26-214610-index.html","primary_entity_key":"0001725210","primary_entity_name":"Grayscale Ethereum Staking ETF"},"word_count":446,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nPurchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Ethereum Staking ETF (NYSE Arca: ETHE) by Digital Currency Group, Inc. (“DCG”), the indirect parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2026:\n\nPeriod\n\n \n\n(a) Total Number of Shares of ETHE Purchased\n\n \n\n \n\n(b) Average Price Paid per Share of ETHE\n\n \n\n \n\n(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)\n\n \n\n \n\n(d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n(in millions)\n\n \n\nJanuary 1, 2026 - January 31, 2026\n\n \n\n \n\n-\n\n \n\n \n\n$\n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n$\n\n200.0\n\n \n\nFebruary 1, 2026- February 28, 2026\n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n200.0\n\n \n\nMarch 1, 2026 - March 31, 2026\n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n200.0\n\n \n\nTotal\n\n \n\n \n\n-\n\n \n\n \n\n$\n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n$\n\n200.0\n\n \n\n \n\n(1)\nOn March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Trust ETF (NYSE Arca: GBTC), Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Grayscale CoinDesk Crypto 5 ETF (NYSE Arca: GDLC), Grayscale Ethereum Classic Trust (ETC) (OTCQX: ETCG), and Grayscale Stellar Lumens Trust (XLM) (OTCQX: GXLM). Subsequently, DCG authorized such purchase. The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time. From March 2, 2022 through May 4, 2026, DCG had not purchased any Shares of the Trust under this authorization.\n\n26\n\n \n\nAlthough the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets from Authorized Participants during the three months ended March 31, 2026, the Trust redeemed the following Shares:\n\nPeriod\n\n \n\nTotal Number of Shares of ETHE Redeemed\n\n \n\n \n\nAverage Price Paid per Share of ETHE(1)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nJanuary 1, 2026 - January 31, 2026\n\n \n\n \n\n9,700,000\n\n \n\n \n\n$\n\n25.29\n\n \n\nFebruary 1, 2026 - February 28, 2026\n\n \n\n \n\n3,360,000\n\n \n\n \n\n$\n\n15.47\n\n \n\nMarch 1, 2026 - March 31, 2026\n\n \n\n \n\n3,760,000\n\n \n\n \n\n$\n\n17.28\n\n \n\nTotal\n\n \n\n \n\n16,820,000\n\n \n\n \n\n$\n\n21.54\n\n \n\n(1)\nThe Price Paid per Share is based on the NAV per Share, which is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms.\n\n27"}