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Launched · SEC filings

Grayscale Ethereum Mini Trust ETF

ETHNYSE ArcaGrayscaleA

$19.30−0.96 (−4.76%)

As of Nov 10, 2026, 11:25 AM ET

A82/ 100

Rank 1 of 11 in Spot Ether

A82/100Rank 1 of 11inSpot Ether
Intraday session: down, 24 prints from 20.27 to 19.30. Range 19.23 to 19.89. Use the arrow keys to read each point.19.6019.8020.0010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$1.95B
1Y total return
−37.7%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.69M sh
52W range
low $14.53high $34.01
Launched
Filings
SEC EDGAR

The ETF.net ETH Grade

Based on 5 of 6 pillars

A

Score 82 out of 100

Category
Spot Ether⁠
Rank
1 of 11
Six-pillar profile for ETH. Scores out of 100: Cost 88, Risk 51, Mission 100, Tradability 84, Holdings not scored, Durability 62. Strongest: Mission (100). Weakest: Risk (51). Based on 5 of 6 pillars.

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 100
    Rank 2 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 3 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 1 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 4 of 11

Our read on ETH

ETF.net Research

In short

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

  • 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

Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Ethereum100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataEthereum100.00%918,079$2.04B4

Showing 1–1 of 1 holdings

ETH Performance

Launched Jul 23, 2024

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$6,235
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. ETH $6,235. SPY $11,339. Use the arrow keys to read each point.$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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−27.4%
1 month−14.0%
3 months+11.3%
1 year−37.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−27.4%
2025−10.9%
2024−3.7%

Since listing, Jul 23, 2024

ETH in the news

ETH Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.04; Nov 3, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 3, 2026Nov 4, 2026$0.03
Oct 5, 2026Oct 6, 2026$0.04
Sep 3, 2026Sep 4, 2026$0.03

$10,000 in ETH 1 year ago paid $34.00 in dividends.

ETH Risk

Risk pillarC51 out of 100Rank 3 of 11 in Spot Ether
How much the fund’s monthly returns vary, scaled to a year.
75.5%
Annualised · 27 months to Oct 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.
0.07
vs 3-month T-bills · 27 months to Oct 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%
27 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.
2.63
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.

FMP measures it over up to five years of monthly returns.

ETH Cost

Compare ETH and MSSE

Overpaying vs MSSE, cheapest in Spot Ether

$205

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETH 0.15%

    $3,137

  • MSSE 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • ETH 0.15%
  • MSSE 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530ETH $3,137MSSE $2,932

Year by year

YearETHMSSEOverpaying
10$274$256$18
20$1,071$1,000$71
30$3,137$2,932$205

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