{"url":"https://etfiq.com/compare/crypto/ethw-vs-msse","section":"compare","title":"ETHW vs MSSE: Tracking, Returns & Fees | ETFIQ","description":"ETHW and MSSE both hold Ether. Over the days each has traded, to Oct 28, 2026 ETHW finished 0.09 of a percentage point behind Ether and MSSE 0.16 ahead.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which tracked Ether more closely, ETHW or MSSE?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, ETHW finished 0.09 of a percentage point behind Ether and MSSE 0.16 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."}},{"@type":"Question","name":"Do ETHW or MSSE pay a staking yield?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"What is the difference between ETHW and MSSE?","acceptedAnswer":{"@type":"Answer","text":"Both hold Ether through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. ETHW is sponsored by Bitwise and first traded Jul 23, 2024; MSSE by Morgan Stanley, first traded Jul 28, 2026."}},{"@type":"Question","name":"Which is cheaper, ETHW or MSSE?","acceptedAnswer":{"@type":"Answer","text":"ETHW charges 0.20% a year and MSSE charges 0.14%, so MSSE is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Crypto ETFs","item":"https://etfiq.com/crypto/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"ETHW vs MSSE","item":"https://etfiq.com/compare/crypto/ethw-vs-msse"}]},{"@type":"WebPage","name":"ETHW vs MSSE: Tracking, Returns & Fees","description":"ETHW and MSSE both hold Ether. Over the days each has traded, to Oct 28, 2026 ETHW finished 0.09 of a percentage point behind Ether and MSSE 0.16 ahead.","url":"https://etfiq.com/compare/crypto/ethw-vs-msse","dateModified":"2026-10-28","abstract":"Over the three months to Oct 28, 2026, ETHW finished 0.07 of a percentage point behind Ether and MSSE 0.09 ahead.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ETHW and MSSE","description":"ETHW and MSSE both hold Ether. Over the days each has traded, to Oct 28, 2026 ETHW finished 0.09 of a percentage point behind Ether and MSSE 0.16 ahead.","dateModified":"2026-10-28","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/crypto/ethw-vs-msse","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"}],"variableMeasured":["Fund total return","Coin return over the same days","Tracking difference","Compounded difference","Sponsor's fee","Fee waiver","Staking","Days traded"],"keywords":["exchange-traded funds","ETF","Crypto ETFs","fund data","SEC filings"]}],"characters":8423,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / ETHW vs MSSE \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n ETHW vs MSSE: Tracking, Returns & Fees\n\n Over the three months to Oct 28, 2026, ETHW finished 0.07 of a percentage point behind Ether and MSSE 0.09 ahead.\n Copy this for sharing \n \n MSSE costs 0.06 points a year less.\n ETHW and MSSE at a glance. As of Oct 28, 2026. Source: ETFIQ. ETHW MSSE \n Expense ratio 0.20% 0.14% \n Net assets $258m not read by ETFIQ \n Total return, 1 year \u221241.4% not published \n What it tracks Ether Ether \n Holdings in common not published \n \n Net assets","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ETHW against MSSE, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/ethw-vs-msse","a":{"ticker":"ETHW","name":"Bitwise Ethereum ETF","issuer":"Bitwise","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, ETHW lost 41.4%, against \u221241.3% for ether.","url":"https://etfiq.com/funds/ethw","key_facts":[{"label":"Total return, 1 year","value":"\u221241.4%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Ether over the same days","value":"\u221241.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Ether, in percentage points","value":"\u22120.1 pts","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"570","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$258m","as_of":"2026-10-28","source":"issuer page, as of Oct 28, 2026"},{"label":"Holds","value":"Ether","as_of":"2026-10-28","source":null}]},"b":{"ticker":"MSSE","name":"Morgan Stanley Ethereum Trust","issuer":"Morgan Stanley","desk":"crypto","as_of":"2026-10-28","verdict":"From its Jul 28, 2026 launch to Oct 28, 2026, MSSE returned 23.6%, against 23.4% for ether.","url":"https://etfiq.com/funds/msse","key_facts":[{"label":"Total return, since launch, Jul 28, 2026","value":"+23.6%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Ether over the same days","value":"+23.4%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Ether, in percentage points","value":"+0.2 pts","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"66","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Holds","value":"Ether","as_of":"2026-10-28","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/crypto/ethw-vs-msse"}