Grayscale Ethereum Staking ETF - Form 8-K Filing

This Form 8-K filing by Grayscale Ethereum Staking ETF announces the implementation of "Delayed Delivery Orders" starting April 6, 2026. This measure is intended to manage digital asset liquidity constraints during redemption requests. These orders involve delivering digital assets to a liquidity provider on a delayed basis, specifically on the first business day when the staked digital assets become transferable. The fee for these delayed deliveries will be adjusted to compensate the liquidity provider. The use of Delayed Delivery Orders is restricted to mitigate adverse liquidity events, only after the Trust's "Liquidity Sleeve" (reserve of unstaked digital assets) is exhausted, and until it is replenished. The ETF may also explore obtaining liquid digital assets from custodians or other institutional providers in exchange for future digital asset delivery. While these procedures aim to comply with regulatory standards, there is no assurance they will provide sufficient liquidity. The filing also includes Exhibit 10.1, the Form of Liquidity Provider Agreement, detailing the terms and conditions between the liquidity provider, the sponsor (Grayscale Investments Sponsors, LLC), and the Trust.