Grayscale has amended the trusts for the Grayscale Ethereum Staking ETF, Grayscale Solana Staking ETF and Grayscale Avalanche Staking ETF to require staking rewards to be converted into cash no less often than quarterly and distributed to shareholders after fees and expenses. Form 8-K filings submitted on Aug. 7 said the amendments were executed on Aug. 6 and that the three products currently intend to make those payouts monthly, although the binding minimum remains quarterly. The requirement applies to staking consideration earned by the funds, not to their principal ETH, SOL or AVAX holdings, though separate disclosures still allow token sales for redemptions, fees and expenses. That structure creates a recurring sell flow in reward tokens, but the amount sold in any period will depend on rewards received, staking levels, protocol reward rates, token prices and deductions rather than headline assets alone. As of June 30, ETHE had $1.22 billion in total assets with $999.96 million in staked ETH, GSOL had $101.16 million in assets with $101.05 million in staked SOL, and GAVA had $4.27 million in assets with $3.45 million in staked AVAX. The filings also show different fee structures and reward deductions across the products, while tax disclosures indicate the cash-conversion model may simplify distributions for investors but can still create taxable staking income and possible capital gains or losses under grantor-trust treatment.