Grayscale Ethereum Staking ETF (ETHE) Form 424B3 — Jul 17, 2026

Grayscale Investments Sponsors, LLC intends to enter into the Fourth Amended and Restated Declaration of Trust and Trust Agreement on or around August 7, 2026. This amendment will facilitate the commencement of regular quarterly distributions of net cash proceeds from staking rewards to shareholders of the Grayscale Ethereum Staking ETF. The proposed changes require the Trust to reduce the Staking Consideration held to cash no less often than quarterly and distribute the net proceeds to shareholders.

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