Data as of .
ETHE vs TETH: which tracked its coin?
Over the year, ETHE finished 0.34 of a percentage point ahead of Ether and TETH 1.0 ahead.
ETFIQ Coin Capture Score: TETH 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
ETHE 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 same days, ETHE finished 0.34 of a percentage point ahead of Ether and TETH 1.0 percentage point ahead, so ETHE kept more of what holding the coin gave, by 0.70 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 TETH, 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 | |||
|---|---|---|---|---|---|---|
| ETHE | TETH | ETHE | TETH | ETHE | TETH | |
| 1 month | +35.1% | +35.4% | +34.0% | +34.0% | +1.2 pts | +1.4 pts |
| 3 months | +52.2% | +52.5% | +51.0% | +51.0% | +1.2 pts | +1.4 pts |
| 6 months | +20.3% | +20.8% | +20.2% | +20.2% | +0.1 pts | +0.6 pts |
| 1 year | −43.3% | −42.5% | −43.6% | −43.6% | +0.3 pts | +1.0 pts |
| Since each listed | +644.6% | −26.5% | +1878.7% | −27.8% | −62.4% of its growth | +1.3 pts |
| ETHE Grayscale Ethereum Staking ETF Holds Ether through a custodian, listed Jan 2, 2020 | TETH 21Shares Ethereum Staking ETF Holds Ether through a custodian, listed Jul 23, 2024 | |
|---|---|---|
| Sponsor | Grayscale | 21Shares |
| Holds | Ether | Ether |
| Net assets | $1.2bn, balance sheet of Jun 30, 2026 | $13m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 2.50% | 0.21% |
| Fee waiver | none | the whole fee, until October 8, 2026 |
| Staking | the filings say it does | the filings say it does |
| Listed | Jan 2, 2020 | Jul 23, 2024 |
| Days since listing | 2,444 days | 780 days |
| Days it has traded | 1,682 | 537 |
| Days it closed unchanged | 13 | 3 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −43.3% | −42.5% |
| The coin over the same days | −43.6% | −43.6% |
| Difference, percentage points | +0.3 pts | +1.0 pts |
| Fund returned since it listed | +644.6% | −26.5% |
| Difference since it listed | −62.4% of its growth | +1.3 pts |
| Price | $20.42 | $12.67 |
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. 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. ETHE charges 2.50% a year and still finished 0.3% 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. 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. 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, ETHE or TETH?
- Over the window to Sep 11, 2026, ETHE finished 0.34 of a percentage point ahead of Ether and TETH 1.0 percentage point ahead, so ETHE tracked it more closely, by 0.70 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 ETHE 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 ETHE 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. ETHE is sponsored by Grayscale and listed Jan 2, 2020; TETH by 21Shares, listed Jul 23, 2024.
- Which is cheaper, ETHE or TETH?
- ETHE charges 2.50% a year and TETH charges 0.21%, so TETH 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, ETHE against TETH, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/ETHE-TETH Free to use with attribution; the underlying files are at Open data.