On March 16, 2026, Grayscale Investments Sponsors, LLC, the sponsor of the Grayscale Ethereum Staking Mini ETF, announced a significant change in the methodology used to value the Trust's Ether holdings for operational purposes. Starting April 1, 2026, the Trust will transition from using the CoinDesk Ether Price Index (ETX) to the CoinDesk Ether Benchmark Rate for calculating its net asset value (NAV) and NAV per share. This change is expected to enhance the accuracy and reliability of the Trust's valuation by mitigating the effects of fraud and manipulation in the Ether market. The CoinDesk Ether Benchmark Rate is designed to provide a real-time, volume-weighted fair value of Ether, taking into account various trading platforms and adjusting for non-market-related events. The announcement also detailed that the Digital Asset Trading Platforms included in the new benchmark rate are Binance, Bitstamp by Robinhood, Bullish, Bybit, Crypto.com, Gate, Gemini, HashKey, Kraken, LMAX Digital, and OKX. Grayscale believes that this adjustment will improve the Trust's operational execution and provide a more accurate reflection of Ether price movements, which could positively influence investor confidence and liquidity in the ETF. The Trust's previous valuation method, based on the CoinDesk Ether Price Index, will remain in effect until the new methodology is implemented. This strategic shift reflects Grayscale's commitment to maintaining robust governance controls and operational execution in the rapidly evolving digital asset landscape.

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