Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

ETHB vs EZET: which tracked its coin?

Over the window both share, ETHB finished 1.1 percentage points ahead of Ether and EZET 0.48 ahead.

iShares Staked Ethereum Trust ETF and Franklin Ethereum Trust, side by side, crypto ETFs on ETFIQ.

+23.1%ETHB returned, time since it listed
−42.8%EZET returned, year
+1.8 ptsETHB against Ether, in percentage points
+0.8 ptsEZET against Ether, in percentage points

ETFIQ Coin Capture Score: EZET scores higher

How much of what holding the coin gave did a holder of the fund keep?

ETHB 58.9EZET 81.31.8, the lowest in this set98.2, the highest

A percentile among the 28 spot crypto ETPs listed less than a 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

ETHB1.8 pts from Ether · since launch to Sep 11, 2026
Ether+21.32%ETHB+23.10%1.78 pts ahead of EtherTotal return, since launch, fund against the coinEther+21.32%ETHB+23.10%1.78 pts ahead of EtherTotal return, since launch
EZETWithin a point of Ether · 1 year to Sep 11, 2026
Ether−43.59%EZET−42.77%0.82 pts ahead of EtherTotal return, 1 year, fund against the coinEther−43.59%EZET−42.77%0.82 pts ahead of EtherTotal return, 1 year

The same coin, two trusts

ETHB and EZET 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, ETHB finished 1.8 percentage points ahead of Ether and EZET 0.82 of a percentage point ahead, but the two windows are not the same days, 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. EZET has 597 more days of record than ETHB, and a longer record is a longer window over which a cost can show itself.

Performance, window by window

ETHB and EZET over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnThe coin over the same daysDifference, percentage points
ETHBEZETETHBEZETETHBEZET
1 month+35.4%+35.3%+34.0%+34.0%+1.4 pts+1.3 pts
3 months+53.2%+52.6%+51.0%+51.0%+2.2 pts+1.5 pts
6 months+21.3%+20.7%+20.2%+20.2%+1.1 pts+0.5 pts
1 yearnot published−42.8%not published−43.6%not published+0.8 pts
Since each listed+23.1%−27.0%+21.3%−27.8%+1.8 pts+0.8 pts
Open the live comparison on ETFIQ
ETHB and EZET on the same fields, as of Sep 11, 2026. Source: ETFIQ.
ETHB
iShares Staked Ethereum Trust ETF
Holds Ether through a custodian, listed Mar 12, 2026
EZET
Franklin Ethereum Trust
Holds Ether through a custodian, listed Jul 23, 2024
SponsoriSharesFranklin
HoldsEtherEther
Net assets$459m, balance sheet of Jun 30, 2026$33m, balance sheet of Jun 30, 2026
Sponsor’s fee0.25%0.19%
Fee waiverreduced to 0.12%, first $2.5 billion of assetsthe whole fee, first $10.0 billion of assets
Stakingthe filings say it doespossible; no clear answer read
ListedMar 12, 2026Jul 23, 2024
Days since listing183 days780 days
Days it has traded127537
Days it closed unchanged04
Quotedon an exchange, every trading dayon an exchange, every trading day
Fund returned, 1 year or since launch+23.1%−42.8%
The coin over the same days+21.3%−43.6%
Difference, percentage points+1.8 pts+0.8 pts
Fund returned since it listed+23.1%−27.0%
Difference since it listed+1.8 pts+0.8 pts
Price$32.68$19.24

ETHB in plain words

ETHB 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 time since it listed to Sep 11, 2026, Ether moved +21.3% and ETHB returned +23.1%. That leaves it 1.8 percentage points 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. ETHB charges 0.25% a year and still finished 1.8% 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. ETHB’s own filings say it does (10-Q, Aug 11, 2026). What the prices show is that it finished 1.8% 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.

EZET in plain words

EZET 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 EZET returned −42.8%. That leaves it 0.82 of a percentage point ahead. EZET charges 0.19% a year and still finished 0.8% ahead of Ether, which a fee cannot do on its own. ETFIQ has not read a clear answer either way out of EZET’s filings.

Questions people ask

Which tracked Ether more closely, ETHB or EZET?
Over the days each has traded, ETHB finished 1.8 percentage points ahead of Ether and EZET 0.82 of a percentage point ahead. Those are not set against each other here, because the two windows are not the same days, 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 ETHB or EZET 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 ETHB and EZET?
Both hold Ether through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. ETHB is sponsored by iShares and listed Mar 12, 2026; EZET by Franklin, listed Jul 23, 2024.
Which is cheaper, ETHB or EZET?
ETHB charges 0.25% a year and EZET charges 0.19%, so EZET 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.

ETHB against EZET, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ETHB against EZET, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/ETHB-EZET Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources