Grayscale's ETHE becomes the first U.S. spot cryptocurrency ETF to distribute Ethereum staking rewards to shareholders, with a reward of $0.083178 per share, from October 6 until the end of the year. This move transforms the Ethereum ETF from a pure price tracker into an income-generating product, allowing investors to access on-chain rewards more conveniently through brokerage accounts. While this introduces new competitive dynamics for issuers, investors still need to contend with Ethereum price volatility and the potential tax complexities associated with staking rewards.