Data as of Oct 28, 2026.

vsOpen in the appaskIQ about these two fundsAsk the committee about these two funds
Crypto ETFs

ETHA vs ETHE: Tracking, Returns & Fees

Share
Share on XDownload as PDF

Over the year to Oct 28, 2026, ETHA finished 0.25 of a percentage point behind Ether and ETHE 0.55 behind.

askIQ about this page

askIQ about ETHA and ETHE

Net assets: $7.5bn on Oct 27, 2026 for iShares Ethereum Trust ETF, and $1.2bn on Jun 30, 2026 for Grayscale Ethereum Staking ETF.

At a glance
−41.6%
ETHA returned, 1 year
−41.9%
ETHE returned, 1 year
−0.3 pts
ETHA against Ether, in percentage points
−0.6 pts
ETHE against Ether, in percentage points
ETHA · 1 year to Oct 28, 2026 Within a point of Ether
Within a point of EtherETHA over 1 year: fund −41.59%, Ether −41.34%, 0.25 pts behind Ether. Data to Oct 28, 2026.Ether−41.34%ETHA−41.59%about level with EtherTotal return, 1 year, fund against the coinWithin a point of EtherETHA over 1 year: fund −41.59%, Ether −41.34%, 0.25 pts behind Ether. Data to Oct 28, 2026.Ether−41.34%ETHA−41.59%about level with EtherTotal return, 1 year

ETHA over 1 year: fund −41.59%, Ether −41.34%, 0.25 pts behind Ether. Data to Oct 28, 2026.

Data to Oct 28, 2026.
ETHE · 1 year to Oct 28, 2026 Within a point of Ether
Within a point of EtherETHE over 1 year: fund −41.89%, Ether −41.34%, 0.55 pts behind Ether. Data to Oct 28, 2026.Ether−41.34%ETHE−41.89%0.55 pts behind EtherTotal return, 1 year, fund against the coinWithin a point of EtherETHE over 1 year: fund −41.89%, Ether −41.34%, 0.55 pts behind Ether. Data to Oct 28, 2026.Ether−41.34%ETHE−41.89%0.55 pts behind EtherTotal return, 1 year

ETHE over 1 year: fund −41.89%, Ether −41.34%, 0.55 pts behind Ether. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

ETHA costs 2.25 points a year less; their one-year returns differ by 0.3 points.

ETHA vs ETHE: Tracking, Returns & Fees
MeasureETHAETHE
Return
Total return, 1 year−41.6%−41.9%
Against its benchmark
What it tracksEtherEther
Against Ether, same days0.3% behind0.6% behind
Cost and size
Expense ratio0.25%2.50%
Net assets, ETHA as of Oct 27, 2026 and ETHE as of Jun 30, 2026$7.5bn$1.2bn
Reports to the SEC on10-K, not N-PORT
Holdings
Holdings in commonnot published
ETFIQ Coin Capture Score · ETHA scores higher How much of what holding the coin gave did a holder of the fund keep?
IQ Crypto Score25ETHA9.6ETHE

How much of its coin's move it captured, after costs, ranked against 26 spot crypto trusts with a full year. 100 is best. How it is computed

1.9, the lowest in this set 98.1, the highest

A percentile among the 26 spot crypto trusts with a full year. Share of the coin's own price growth a holder kept; funds on different coins are ranked together. All crypto ETFs ranked by it →

Method

Side by side

ETHA iShares Ethereum Trust ETF · Holds Ether through a custodian, first traded Jul 23, 2024 ETHE Grayscale Ethereum Staking ETF · Holds Ether through a custodian
Holds Ether Ether
Net assets, as filed $4.3bn, balance sheet of Jun 30, 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
First traded Jul 23, 2024 not stated
Days since its first trade 827 days not stated
Days it has traded 570 1,715
Days it closed unchanged 2 13
Quoted on an exchange, every trading day on an exchange, every trading day
Fund returned, 1 year −41.6% −41.9%
The coin over the same days −41.3% −41.3%
Difference, percentage points −0.3 pts −0.6 pts
Fund returned since launch −31.9% not available
Difference since launch −0.4 pts not available
Price $53.6 $18.99
Net assets, ETHA as of Oct 27, 2026 and ETHE as of Jun 30, 2026 $7.5bn $1.2bn

As of Oct 28, 2026. Source: ETFIQ.

Window by window

Window by window: ETHA vs ETHE: Tracking, Returns & Fees
Total returnThe coin over the same daysDifference, percentage points
WindowETHAETHEETHAETHEETHAETHE
1 month−11.3%−11.4%−11.3%−11.3%0.0 pts−0.1 pts
3 months+25.5%+25.3%+25.6%+25.6%−0.2 pts−0.3 pts
6 months+6.0%+5.7%+6.1%+6.1%−0.1 pts−0.5 pts
1 year−41.6%−41.9%−41.3%−41.3%−0.3 pts−0.6 pts
3 years–+51.7%–+33.5%–+13.6% of its growth
Since each listed−31.9%–−31.5%–−0.4 pts–

– means no data for this window. Open this comparison in the app →

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 0.25 of a percentage point behind Ether and ETHE 0.55 of a percentage point behind, so ETHA kept more of what holding the coin gave, by 0.30 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 number.

Client brief · page 1 of 2 Report BR-677479FD88

ETHA and ETHE are built for the same job. How do they differ in cost, holdings and results?

  1. Staking. ETHA: the filings say it does not. ETHE: the filings say it does.
  2. Cost. ETHA charges 0.25% of assets a year and ETHE 2.50%, a gap of 2.25 points.
  3. What each follows (similar). Both follow Ether.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

ETHA flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
ETHA

ETHA’s own filings say it does not (424B3, Aug 6, 2026).

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 Oct 28, 2026, Ether moved −41.3% and ETHA returned −41.6%. That leaves it 0.25 of a percentage point behind. 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 number on this page the sponsor does not publish itself. ETHA charges 0.25% a year and finished 0.3% behind Ether, so the fee is almost the whole of the difference. Ether is a proof of stake chain, so a fund holding it can stake. 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

ETHE’s own filings say it does (424B3, Aug 7, 2026). It charges 2.50% and finished only 0.6% behind Ether, so staking covered about 1.9% of that fee over these days.

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 Oct 28, 2026, Ether moved −41.3% and ETHE returned −41.9%. That leaves it 0.55 of a percentage point behind. ETHE charges 2.50% a year and finished 0.6% behind Ether, so the fee is more than the whole difference.

Questions people ask

Which tracked Ether more closely, ETHA or ETHE?
Over the window to Oct 28, 2026, ETHA finished 0.25 of a percentage point behind Ether and ETHE 0.55 of a percentage point behind, so ETHA tracked it more closely, by 0.30 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 first traded Jul 23, 2024; ETHE by Grayscale.
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 to next
Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ETHA against ETHE, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/etha-vs-ethe

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.