Grayscale Ethereum Mini Trust ETF
$23.91−0.10 (−0.42%)
- 0.15%
- $2.3B
- −36.0%
- 2.9M sh
- $24.02
- low $14.53high $40.27
The ETF.net ETH Grade
A
Score 82 out of 100
- 1 of 11
Score 82 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A88 out of 100Rank 2 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 2 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 1 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 4 of 11
Our read on ETH
AThe cheap seat in spot ether. A grantor trust that does one thing (hold ether, track its index price) for 0.15% a year, well under the going rate for the category, from a 2024 launch class that is still finding its pecking order.
The Trust passively seeks to have Shares, measured by Ether per Share, reflect the value of its Ether holdings using the Index Price, after expenses and other liabilities.
Why people hold it
- 0.15% a year, versus 0.25% for the typical spot-ether fund. Among funds tracking the same reference, only EZET lists less at 0.00%.
- The mandate is narrow and it is honored: hold ether, reflect the Index Price after expenses. One of the tightest implementations in its spot-ether peer group.
- Assets run into the billions and shares trade actively, which puts it among the easier names to get into and out of in a young category.
Worth knowing
- This is spot ether, undiluted. Price swings are large in both directions and the trust is built to pass them straight through, not to cushion them.
- No distributions. Whatever happens here comes from ether's price, less the 0.15% fee, with nothing paid out along the way.
- Launched in 2024, so the history is thin and our risk read leans on roughly a year of data rather than a full market cycle.
ETH Holdings
- Other
- 1
- 100%
- Ethereum
ETH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ETH$6,404
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ETH |
|---|---|
| Year to date | −14.2% |
| 1 month | −0.8% |
| 3 months | +41.1% |
| 1 year | −36.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ETH |
|---|---|---|
| 2026 YTD | −14.2% | |
| 2025 | −10.9% | |
| 2024 | −3.7% |
ETH in the news
ETH Dividends
- $0.04 per share
- Monthly
Distribution data unavailable.
Distribution history
ETH Risk
- 76.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.17
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −67.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ETH Cost
0.15%
ETH0.15%
- The middle half of Spot Ether funds
- Median 0.21%
1 of the 11 Spot Ether funds charge less.
Other funds in Spot Ether
- BETHVVanEck Ethereum ETFExpense ratio 0.20%1 year return −37.1%
- BETHWBitwise Ethereum ETFExpense ratio 0.20%1 year return −37.1%
- BEZETFranklin Ethereum ETFExpense ratio 0.19%1 year return −37.0%
- BTETH21Shares Ethereum ETFExpense ratio 0.21%1 year return −36.7%
- BETHAiShares Ethereum Trust ETFExpense ratio 0.25%1 year return −37.1%