$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 fell to about $8,867 by Friday's close, an 11% single-day decline. The move tracked Ether's spot price almost tick for tick, underscoring the ETF's direct exposure to crypto volatility. The article signals a sharp short-term drawdown rather than a structural change in fundamentals.