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Launched · SEC filings

Grayscale Ethereum Staking ETF

ETHENYSE ArcaGrayscaleC

$17.98+0.11 (+0.62%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 10 of 11 in Spot Ether

Intraday session: up, 79 prints from 17.87 to 17.98. Range 17.91 to 18.39. Use the arrow keys to read each point.18.1018.2018.3018.4010 AM12 PM2 PM4 PM
Expense ratio
2.50%
Fund size
$1.54B
1Y total return
−43.1%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.34M sh
52W range
low $12.36high $30.71
Launched
Filings
SEC EDGAR

The ETF.net ETHE Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Rank
10 of 11
Six-pillar profile for ETHE. Scores out of 100: Cost 4, Risk 38, Mission 100, Tradability 76, Holdings not scored, Durability 73. Strongest: Mission (100). Weakest: Cost (4). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C 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.
    F4 out of 100
    Rank 11 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.
    D38 out of 100
    Rank 5 of 11
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 2 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.
    A73 out of 100
    Rank 2 of 11

Our read on ETHE

ETF.net Research

In short

CThe original Grayscale ether vehicle, launched as a trust in 2017 and now an ETF that stakes its coins. It was the first US spot crypto fund to pass staking proceeds to holders. The trade-off: a 2.5% fee.

Stated mandate

The fund seeks to track the value of Ether held by the Trust, while also reflecting staking rewards after expenses and other liabilities.

Why people hold it

  • Staking is written into the mandate: the fund tracks the value of the ether it holds and reflects staking rewards earned on it, after expenses.
  • It made the first staking-reward distribution by a US spot crypto ETP in January 2026, after Grayscale switched staking on for its ether funds in October 2025.investingnews.com
  • A multi-billion-dollar, actively traded fund with a lineage back to 2017, so shares are rarely hard to move.

Worth knowing

  • Cost is the headline trade-off: 2.5% a year, while Grayscale's own Ethereum Mini (ETH) offers staked ether exposure at 0.15%.grayscale.com
  • Staking adds moving parts: ether can sit locked during bonding and unstaking windows, may earn nothing in those gaps, and depends on validators and custodians.grayscale.com
  • Reward payouts are irregular by design. The fund earns rewards and distributes proceeds when it sells them, not on a fixed schedule.grayscale.com

ETHE 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%688,600$1.54B4

Showing 1–1 of 1 holdings

ETHE Performance

Launched Dec 14, 2017

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.
ETHE$5,686
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ETHE $5,686. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 ETHE. Periods over one year show the average yearly return.
PeriodETHE
Year to date−25.5%
1 month−16.5%
3 months+19.2%
1 year−43.1%
3 yearsper year+9.4%
5 yearsper year−15.7%
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 ETHE
YearReturn barETHE
2026 YTD−25.5%
2025−13.0%
2024+44.1%
2023+308.4%
2022−85.3%
2021+108.8%
2020+441.7%

ETHE in the news

ETHE 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. 10 payments in 2026 YTD. Jan 5, 2026 $0.08; Feb 3, 2026 $0.03; Mar 3, 2026 $0.02; Apr 7, 2026 $0.02; May 5, 2026 $0.02; Jun 3, 2026 $0.02; Jul 7, 2026 $0.02; Aug 4, 2026 $0.02; Sep 3, 2026 $0.03; Oct 5, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 5, 2026Oct 6, 2026$0.03
Sep 3, 2026Sep 4, 2026$0.03
Aug 4, 2026Aug 5, 2026$0.02
Jul 7, 2026Jul 8, 2026$0.02
Jun 3, 2026Jun 4, 2026$0.02
May 5, 2026May 6, 2026$0.02
Apr 7, 2026Apr 8, 2026$0.02
Mar 3, 2026Mar 4, 2026$0.02
Feb 3, 2026Feb 4, 2026$0.03
Jan 5, 2026Jan 6, 2026$0.08

$10,000 in ETHE 5 years ago paid $67.97 in dividends.

ETHE Risk

How much the fund’s monthly returns vary, scaled to a year.
84.8%
Annualised · 36 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.
0.42
vs 3-month T-bills · 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.
−89.8%
Trough Dec 2022
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.
3.38
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.

ETHE Cost

Overpaying vs MSSE, cheapest in Spot Ether

$35,737

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

  • ETHE 2.50%

    $38,669

  • MSSE 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • ETHE 2.50%
  • MSSE 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530ETHE $38,669MSSE $2,932

Year by year

YearETHEMSSEOverpaying
10$4,142$256$3,886
20$14,580$1,000$13,580
30$38,669$2,932$35,737

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