Data as of .
ETH vs TETH: which tracked its coin?
Against Ether, ETH finished +3.3% and TETH +1.9%, once both returns are compounded.
ETFIQ Coin Capture Score: ETH scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 24 spot crypto ETPs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
ETH and TETH hold the same asset. Both are 1933 Act trusts holding Ether through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, ETH finished 3.3% ahead of Ether once both returns are compounded and TETH 1.0 percentage point ahead, but the two are not stated in the same unit, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| ETH | TETH | ETH | TETH | ETH | TETH | |
| 1 month | +35.5% | +35.4% | +34.0% | +34.0% | +1.5 pts | +1.4 pts |
| 3 months | +53.4% | +52.5% | +51.0% | +51.0% | +2.4 pts | +1.4 pts |
| 6 months | +21.9% | +20.8% | +20.2% | +20.2% | +1.7 pts | +0.6 pts |
| 1 year | −41.8% | −42.5% | −43.6% | −43.6% | +3.3% of its growth | +1.0 pts |
| Since each listed | −25.7% | −26.5% | −27.8% | −27.8% | +2.0 pts | +1.3 pts |
| ETH Grayscale Ethereum Staking Mini ETF Holds Ether through a custodian, listed Jul 23, 2024 | TETH 21Shares Ethereum Staking ETF Holds Ether through a custodian, listed Jul 23, 2024 | |
|---|---|---|
| Sponsor | Grayscale | 21Shares |
| Holds | Ether | Ether |
| Net assets | $1.3bn, balance sheet of Jun 30, 2026 | $13m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.15% | 0.21% |
| Fee waiver | none | the whole fee, until October 8, 2026 |
| Staking | the filings say it does | the filings say it does |
| Listed | Jul 23, 2024 | Jul 23, 2024 |
| Days since listing | 780 days | 780 days |
| Days it has traded | 537 | 537 |
| Days it closed unchanged | 4 | 3 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −41.8% | −42.5% |
| The coin over the same days | −43.6% | −43.6% |
| Difference, percentage points | +3.3% of its growth | +1.0 pts |
| Fund returned since it listed | −25.7% | −26.5% |
| Difference since it listed | +2.0 pts | +1.3 pts |
| Price | $24.25 | $12.67 |
ETH in plain words
ETH holds Ether through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Ether moved −43.6% and ETH returned −41.8%. That leaves it 3.3% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +1.8 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 103% of what holding the coin gave says exactly that. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. ETH charges 0.15% a year and still finished 3.3% ahead of Ether, which a fee cannot do on its own. Ether is a proof of stake chain, so a fund holding it can stake. ETH’s own filings say it does (424B3, Aug 7, 2026). What the prices show is that it finished 3.3% ahead of Ether’s own price over the same days, against +0.8% for the other 10 funds holding Ether. After a fee, an in-kind ETP ahead of the asset it holds got there by staking. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Ether it custodies.
TETH in plain words
TETH holds Ether through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Ether moved −43.6% and TETH returned −42.5%. That leaves it 1.0 percentage point ahead. TETH charges 0.21% a year and still finished 1.0% ahead of Ether, which a fee cannot do on its own. TETH’s own filings say it does (10-Q, Aug 14, 2026). It charges 0.21% and finished only −1.0% behind Ether, so staking covered about 1.3% of that fee over these days.
Questions people ask
- Which tracked Ether more closely, ETH or TETH?
- Over the days each has traded, ETH finished 3.3% ahead of Ether once both returns are compounded and TETH 1.0 percentage point ahead. Those are not set against each other here, because the two are not stated in the same unit, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do ETH or TETH pay a staking yield?
- Ether is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between ETH and TETH?
- Both hold Ether through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. ETH is sponsored by Grayscale and listed Jul 23, 2024; TETH by 21Shares, listed Jul 23, 2024.
- Which is cheaper, ETH or TETH?
- ETH charges 0.15% a year and TETH charges 0.21%, so ETH is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ETH against TETH, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/ETH-TETH Free to use with attribution; the underlying files are at Open data.