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ETH

GradeANew York Stock Exchange Arca

Grayscale Ethereum Mini Trust ETF

Crypto · Grayscale · Inception 2024-07-23 · SEC filings

$25.45−0.81 (−3.10%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Jul 23, 2024.
Intraday session: down, 68 prints from 26.27 to 25.45. Range 25.30 to 25.98. Use the arrow keys to read each point.$25.60$25.80$26.0010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$2.5B
1Y return
−32.5%
Yield · Last 12 months
Data unavailable
Volume · 30D
2.9M sh
NAV per share
$26.36
52W range
low $14.53high $44.84

The ETF.net ETH Grade

A

84/ 100

Rank 1 of 11 in Spot Ether⁠

Confidence Medium

Six-pillar profile for ETH. Scores out of 100: Cost 88, Risk 54, Mission 100, Tradability 87, Holdings not scored, Durability 65. Strongest: Mission (100). Weakest: Risk (54). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 84 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 88
    Category rank2/11 · top 18%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/9 · top 11%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank3/10 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 87
    Category rank1/11 · top 9%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank3/11 · top 27%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ETH

ETF.net Research

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.

Stated mandate

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

  1. 010.15% a year, versus 0.25% for the typical spot-ether fund. Among funds tracking the same reference, only EZET lists less at 0.00%.
  2. 02The 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.
  3. 03Assets 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

  1. 01This 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.
  2. 02No distributions. Whatever happens here comes from ether's price, less the 0.15% fee, with nothing paid out along the way.
  3. 03Launched 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

As of Sep 20, 2026, 10:02 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
Ethereum100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ethereum100.00%897,644$2.4B4

Showing 1–1 of 1 holdings

ETH Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ETH$6,753
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ETH $6,753. SPY $11,723. Use the arrow keys to read each point.$3,162$7,780$12,399Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for ETH. Periods over one year show the average yearly return.
PeriodETH
Year to date−6.2%
1 month+14.2%
3 months+59.7%
1 year−32.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ETH
YearReturn barETH
2026 YTD−6.2%
2025−10.9%
2024−3.7%

Since listing, Jul 23, 2024

ETH in the news

ETH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 3, 2026 $0.04. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 3, 2026Sep 4, 2026$0.04

ETH Risk

How much the fund’s monthly returns vary, scaled to a year.
77.4%
Annualised · 25 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.13
vs 3-month T-bills · 25 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−67.5%
25 months · trough Jun 2026
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.

How strongly the fund’s returns move with its asset-class index.
2.61
vs its asset-class index
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

Expense ratio0.15%
  • The middle half of Spot Ether funds
  • Median 0.21%

1 of the 11 Spot Ether funds charge less.

ETH costs $15.00 a year on $10,000. The median Spot Ether fund costs $21.00.