Data as of Oct 28, 2026.
ETHW vs TETH: Tracking, Returns & Fees
Over the year to Oct 28, 2026, ETHW finished 0.09 of a percentage point behind Ether and TETH 0.29 ahead.
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Net assets on Oct 28, 2026: $258m for Bitwise Ethereum ETF and $26m for 21Shares Ethereum Staking ETF.
ETHW over 1 year: fund −41.43%, Ether −41.34%, 0.09 pts behind Ether. Data to Oct 28, 2026.
Data to Oct 28, 2026.TETH over 1 year: fund −41.05%, Ether −41.34%, 0.29 pts ahead of Ether. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
ETHW costs 0.01 points a year less; their one-year returns differ by 0.3 points; ETHW is 9.9 times larger.
| Measure | ETHW | TETH |
|---|---|---|
| Return | ||
| Total return, 1 year | −41.4% | −41.1% |
| Against its benchmark | ||
| What it tracks | Ether | Ether |
| Against Ether, same days | 0.1% behind | 0.3% ahead of |
| Cost and size | ||
| Expense ratio | 0.20% | 0.21% |
| Net assets | $258m | $26m |
| Reports to the SEC on | 10-K, not N-PORT | |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Side by side
As of Oct 28, 2026. Source: ETFIQ.
Window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | ETHW | TETH | ETHW | TETH | ETHW | TETH |
| 1 month | −11.3% | −11.3% | −11.3% | −11.3% | 0.0 pts | 0.0 pts |
| 3 months | +25.6% | +25.8% | +25.6% | +25.6% | −0.1 pts | +0.2 pts |
| 6 months | +6.1% | +6.5% | +6.1% | +6.1% | 0.0 pts | +0.3 pts |
| 1 year | −41.4% | −41.1% | −41.3% | −41.3% | −0.1 pts | +0.3 pts |
| Since each listedETHW Jul 2024 · TETH Jul 2024 | −31.8% | −31.3% | −31.5% | −31.5% | −0.3 pts | +0.2 pts |
The same coin, two trusts
ETHW 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, ETHW finished 0.09 of a percentage point behind Ether and TETH 0.29 of a percentage point ahead, so ETHW kept more of what holding the coin gave, by 0.20 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.
ETHW and TETH are built for the same job. How do they differ in cost, holdings and results?
- Staking. ETHW: the filings say it does not. TETH: the filings say it does.
- Size. ETHW has $258m in net assets and TETH $26m (Net assets); ETHW is 9.9 times larger.
- What each follows (similar). Both follow Ether.
Data as of Oct 28, 2026.
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ETHW’s own filings say it does not (10-K, Mar 12, 2026).
ETHW 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 ETHW returned −41.4%. That leaves it 0.09 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. ETHW charges 0.20% a year and finished 0.1% 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.
TETH’s own filings say it does (10-Q, Aug 14, 2026). It charges 0.21% and finished only −0.3% behind Ether, so staking covered about 0.5% of that fee over these days.
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 Oct 28, 2026, Ether moved −41.3% and TETH returned −41.1%. That leaves it 0.29 of a percentage point ahead. TETH charges 0.21% a year and finished 0.3% ahead of Ether, which a fee cannot do on its own.
Questions people ask
- Which tracked Ether more closely, ETHW or TETH?
- Over the window to Oct 28, 2026, ETHW finished 0.09 of a percentage point behind Ether and TETH 0.29 of a percentage point ahead, so ETHW tracked it more closely, by 0.20 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 ETHW 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.
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.
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ETFIQ, ETHW against TETH, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/ethw-vs-teth
ETFIQ. (Oct 28, 2026). ETHW against TETH. Retrieved from https://etfiq.com/compare/crypto/ethw-vs-teth
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