$10,000 in Grayscale’s Ethereum Staking ETF Became $5,328 in Six Months as Ether’s 46% Collapse Erased Staking Income

A $10,000 position in Grayscale’s Ethereum Staking Mini ETF on the morning of June 4, 2026 was worth about $8,867 by Friday’s close, an 11% single-day haircut that tracked Ether’s spot price almost tick for tick. The fund did what it was designed to do. That is the problem. What the Math Actually Says Grayscale ... $10,000 in Grayscale’s Ethereum Staking ETF Became $5,328 in Six Months as Ether’s 46% Collapse Erased Staking Income