Data as of .
ETHA vs ETHE: which tracked its coin?
Over the year, ETHA finished 0.80 of a percentage point ahead of Ether and ETHE 0.34 ahead.
ETFIQ Coin Capture Score: ETHA 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
ETHA and ETHE 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 same days, ETHA finished 0.80 of a percentage point ahead of Ether and ETHE 0.34 of a percentage point ahead, so ETHE kept more of what holding the coin gave, by 0.46 of a percentage point. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure. ETHE has 1,664 more days of record than ETHA, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| ETHA | ETHE | ETHA | ETHE | ETHA | ETHE | |
| 1 month | +35.3% | +35.1% | +34.0% | +34.0% | +1.3 pts | +1.2 pts |
| 3 months | +52.4% | +52.2% | +51.0% | +51.0% | +1.4 pts | +1.2 pts |
| 6 months | +20.6% | +20.3% | +20.2% | +20.2% | +0.4 pts | +0.1 pts |
| 1 year | −42.8% | −43.3% | −43.6% | −43.6% | +0.8 pts | +0.3 pts |
| Since each listed | −27.0% | +644.6% | −27.8% | +1878.7% | +0.8 pts | −62.4% of its growth |
| ETHA iShares Ethereum Trust ETF Holds Ether through a custodian, listed Jul 23, 2024 | ETHE Grayscale Ethereum Staking ETF Holds Ether through a custodian, listed Jan 2, 2020 | |
|---|---|---|
| Sponsor | iShares | Grayscale |
| Holds | Ether | Ether |
| Net assets | $6.4bn, balance sheet of Mar 31, 2026 | $1.2bn, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.25% | 2.50% |
| Fee waiver | reduced to 0.12%, first $2.5 billion of assets | none |
| Staking | the filings say it does not | the filings say it does |
| Listed | Jul 23, 2024 | Jan 2, 2020 |
| Days since listing | 780 days | 2,444 days |
| Days it has traded | 537 | 1,682 |
| Days it closed unchanged | 2 | 13 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −42.8% | −43.3% |
| The coin over the same days | −43.6% | −43.6% |
| Difference, percentage points | +0.8 pts | +0.3 pts |
| Fund returned since it listed | −27.0% | +644.6% |
| Difference since it listed | +0.8 pts | −62.4% of its growth |
| Price | $19.16 | $20.42 |
ETHA in plain words
ETHA 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 ETHA returned −42.8%. That leaves it 0.80 of a percentage point ahead. 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. ETHA charges 0.25% a year and still finished 0.8% 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. ETHA’s own filings say it does not (424B3, Aug 6, 2026). 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.
ETHE in plain words
ETHE 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 ETHE returned −43.3%. That leaves it 0.34 of a percentage point ahead. ETHE charges 2.50% a year and still finished 0.3% ahead of Ether, which a fee cannot do on its own. ETHE’s own filings say it does (424B3, Aug 7, 2026). It charges 2.50% and finished only −0.3% behind Ether, so staking covered about 2.8% of that fee over these days.
Questions people ask
- Which tracked Ether more closely, ETHA or ETHE?
- Over the window to Sep 11, 2026, ETHA finished 0.80 of a percentage point ahead of Ether and ETHE 0.34 of a percentage point ahead, so ETHE tracked it more closely, by 0.46 of a percentage point. 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 together.
- Do ETHA or ETHE 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 ETHA and ETHE?
- Both hold Ether through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. ETHA is sponsored by iShares and listed Jul 23, 2024; ETHE by Grayscale, listed Jan 2, 2020.
- Which is cheaper, ETHA or ETHE?
- ETHA charges 0.25% a year and ETHE charges 2.50%, so ETHA 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, ETHA against ETHE, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/ETHA-ETHE Free to use with attribution; the underlying files are at Open data.