Skip to content
ContentLora

    Tip: press / anywhere to search.

    Analysis

    Ethereum ETFs compared: fees, issuers and staking (October 2026)

    US spot ether ETFs all hold ether. Among the funds checked, sponsor fees run from 0.15% a year (Grayscale's Mini Trust) to 2.5% (Grayscale's ETHE).[1][2] BlackRock's ETHA is the largest at about $8.69 billion. Staking, offered by Grayscale, 21Shares and BlackRock's separate ETHB, is the main feature that sets the funds apart.[3][4][5]

    Editor reviewedStrict sourcingUpdated CryptoMarkets and trading
    Show:

    This is a buyer’s-guide-style comparison of US spot ether ETFs. We did not buy, hold or test any of these funds. Every figure comes from a fund’s SEC filings, its issuer page or a cited news report, with the date shown. Fees and sizes change, so check the latest prospectus before acting. This page is not financial advice and does not recommend any fund.

    The funds side by side

    Fund (ticker)IssuerSponsor feeStakingSize (date)
    iShares Ethereum Trust (ETHA)BlackRock0.25%[3]No (BlackRock’s staking fund is ETHB)[5]~$8.69B net assets (Oct 9, 2026)[3]
    iShares Staked Ethereum Trust (ETHB)BlackRock0.25%, waived to 0.12% on first $2.5B for year one, plus a share of rewards[6]Yes, 86.9% staked (Jun 30, 2026)[7]Not checked
    Fidelity Ethereum Fund (FETH)Fidelity0.25%[8]Not stated in sources checked476,311 ETH, ~$758.8M (Jun 30, 2026)[8]
    Grayscale Ethereum Trust ETF (ETHE)Grayscale2.5%[2]Yes, since Oct 6, 2025[4]Not checked
    Grayscale Ethereum Mini Trust ETF (ETH)Grayscale0.15%[1]Yes, since Oct 6, 2025[4]Not checked
    Bitwise Ethereum ETF (ETHW)Bitwise0.20%[9]Not stated in sources checked~$270M (Oct 8, 2026)[9]
    VanEck Ethereum ETF (ETHV)VanEck0.20%[10]Not stated in sources checkedNot checked
    Franklin Ethereum ETF (EZET)Franklin Templeton0.19%[11]Not stated in sources checkedNot checked
    Invesco Galaxy Ethereum ETF (QETH)Invesco / Galaxy0.25%[12]Not stated in sources checked~$15.6M (Jun 30, 2026)[12]
    21shares Ethereum Staking ETF (TETH)21Shares0.21%, fully waived until Oct 8, 2027[13]Marketed as a staking ETF[13]Not checked

    “Not stated in sources checked” means the filing or page we read did not say. It does not mean the fund cannot stake.

    Fees

    Most of the funds charge between 0.15% and 0.25% a year.[1][11][10][3] Grayscale’s ETHE, which began as an older trust and uplisted on July 23, 2024, charges 2.5%.[14][2] 21Shares is waiving TETH’s whole 0.21% fee until October 2027.[13] BlackRock waived ETHB’s fee to 0.12% on the first $2.5 billion for its first year.[6]

    The funds hold the same asset, so fees are the clearest cost difference. On a $10,000 holding, a 0.15% fee is about $15 a year, 0.25% is about $25, and 2.5% is about $250. Waivers are temporary. Compare the fee that applies after any waiver ends.

    Staking

    Grayscale’s ETHE and Mini Trust began staking on October 6, 2025. The sponsor, custodian and staking provider together take 6% of gross staking rewards.[4][15] BlackRock’s ETHB, listed March 12, 2026, stakes through Coinbase. It had 86.9% of its ether staked at the end of June 2026 and charges a 0.25% sponsor fee plus a share of rewards.[5][16][7][6] Staked ether can be lost and is locked for a variable period. Grayscale keeps some ether unstaked to meet redemptions.[17][18]

    A staking fund’s return depends on its staking rate and the share of rewards it keeps, as well as its sponsor fee. Holding back unstaked ether for liquidity lowers the effective yield. Comparing staking funds on their sponsor fee alone can mislead. Reward-sharing terms vary and can change, so read each prospectus.

    Size and issuer

    BlackRock’s ETHA is the largest ether ETF, with about $8.69 billion in net assets on October 9, 2026.[3] BlackRock said its iShares funds took about 95% of flows into digital asset ETPs in 2025.[19] Smaller funds hold far less: Bitwise’s ETHW about $270 million, Invesco Galaxy’s QETH about $15.6 million.[9][12] In the week of September 21-25, 2026, ETHA and FETH took most of the inflows.[20] None of these funds is registered under the Investment Company Act of 1940.[21]

    Larger funds usually have more trading volume. That can mean tighter bid-ask spreads, though we did not measure spreads for this guide. Very small funds may face a higher risk of closing, which would force holders to sell. Size is not a measure of quality, and all the funds carry the same exposure to ether’s price.

    Competing views

    Fees decide it

    The funds hold the same asset, so the sponsor fee is the most reliable difference; a 0.15%-0.25% fund costs a fraction of ETHE's 2.5%.[1][2][3][11]

    Staking decides it

    Funds that stake can add network rewards that may outweigh small fee gaps, but they keep part of the rewards, and staked ether can be locked up or lost.[15][6][7][17]

    Size and issuer decide it

    Larger funds from big issuers attract most flows; BlackRock's funds dominate assets, while some rivals hold only tens of millions of dollars.[19][3][12][9]

    Questions readers ask

    Which Ethereum ETF has the lowest fee?

    Among the funds we checked, Grayscale's Ethereum Mini Trust (ETH) has the lowest stated sponsor fee at 0.15% a year. 21Shares is waiving TETH's entire 0.21% fee until October 8, 2027.[1][13]

    Why is ETHE so much more expensive?

    ETHE charges a 2.5% sponsor fee. It began as an older Grayscale trust and was uplisted as an ETF on July 23, 2024; Grayscale's newer Mini Trust charges 0.15%.[2][14][1]

    Which Ethereum ETFs stake?

    Grayscale's ETHE and Mini Trust have staked since October 6, 2025, BlackRock's ETHB has staked since its March 2026 launch, and 21Shares markets TETH as a staking ETF. BlackRock's original ETHA was launched without staking.[4][5][13]

    Which is the biggest Ethereum ETF?

    BlackRock's iShares Ethereum Trust (ETHA), with about $8.69 billion in net assets on October 9, 2026.[3][19]

    Did you test these funds?

    No. We do no hands-on testing. This comparison uses fund filings, issuer pages and news reports, cited for each figure.[3]

    Sources

    Each numbered claim is a statement we checked against the sources listed with it. Status shows how well established it is.

    1. [1]

      Grayscale's Ethereum Mini Trust ETF (ticker ETH) charges a sponsor fee of 0.15% a year. confirmedas of 2026-02-25

    2. [2]

      Grayscale's Ethereum Trust ETF (ETHE), converted from an older closed trust, charges a sponsor fee of 2.5% a year. confirmedas of 2026-02-25

    3. [3]

      BlackRock's iShares Ethereum Trust ETF (ETHA) charges a 0.25% sponsor fee and had net assets of about $8.69 billion as of October 9, 2026. confirmedas of 2026-10-09

    4. [4]

      Grayscale's Ethereum Trust ETF and Ethereum Mini Trust ETF began staking ether on October 6, 2025, the first US spot crypto ETFs from a major issuer to do so. confirmedas of 2025-10-06

    5. [5]

      BlackRock's iShares Staked Ethereum Trust ETF (ETHB) had its registration declared effective on March 11, 2026 and listed on Nasdaq on March 12, 2026. confirmedas of 2026-03-12

    6. [6]

      ETHB charges a 0.25% sponsor fee, which BlackRock waived to 0.12% on the first $2.5 billion of assets for the first year, plus a share of staking rewards. confirmedas of 2026-03-12

    7. [7]

      As of June 30, 2026, ETHB had 250,585 ether, 86.9% of its position, staked with third-party counterparties. confirmedas of 2026-06-30

    8. [8]

      The Fidelity Ethereum Fund (FETH) pays a unified sponsor fee of 0.25% and held 476,311 ether worth about $758.8 million as of June 30, 2026. confirmedas of 2026-06-30

    9. [9]

      The Bitwise Ethereum ETF (ETHW) charges a 0.20% sponsor fee and had net assets of about $270 million as of October 8, 2026. confirmedas of 2026-10-08

    10. [10]

      The VanEck Ethereum ETF (ETHV) pays a unified sponsor fee of 0.20% of average daily net assets. confirmedas of 2026-06-30

    11. [11]

      The Franklin Ethereum ETF (EZET) charges a sponsor fee of 0.19% a year of daily net asset value. confirmedas of 2026-06-29

    12. [12]

      The Invesco Galaxy Ethereum ETF (QETH) pays a unified sponsor fee of 0.25% a year and had net assets of about $15.6 million as of June 30, 2026. confirmedas of 2026-06-30

    13. [13]

      The 21shares Ethereum Staking ETF (TETH) has a 0.21% management fee, which the sponsor is waiving in full from October 9, 2025 until October 8, 2027. confirmedas of 2026-10-09

    14. [14]

      US spot ether ETFs began trading on July 23, 2024, including Grayscale's converted Ethereum Trust (ETHE) and its Ethereum Mini Trust (ETH) on NYSE Arca. confirmedas of 2024-07-23

    15. [15]

      For Grayscale's ether ETFs, the sponsor's staking fee, custodian fee and staking provider's share together take 6% of gross staking rewards; the trusts keep the rest. confirmedas of 2025-10-06

    16. [16]

      ETHB holds spot ether and stakes part of it, using Coinbase as custodian and staking provider, with approved validators limited at launch to Figment, Galaxy Digital and Attestant. confirmedas of 2026-03-12

    17. [17]

      Grayscale's filings warn that staking can cause loss of ether and that staked ether is inaccessible for a variable period. confirmedas of 2026-02-25

    18. [18]

      Grayscale keeps a portion of each staking trust's ether unstaked as a "liquidity sleeve" so it can meet redemptions without waiting for staked ether to unlock. confirmedas of 2026-02-25

    19. [19]

      BlackRock said its iShares funds captured about 95% of flows into digital asset ETPs in 2025; in March 2026 IBIT and ETHA were the largest bitcoin and ether ETFs, with more than $55 billion and $6.5 billion in assets. reportedas of 2026-03-12

    20. [20]

      US spot ether ETFs took in about $690 million of net inflows in the week of September 21-25, 2026, led by ETHA with $326 million and FETH with $174 million, after about $140 million of outflows the week before. confirmedas of 2026-09-25

    21. [21]

      Spot ether ETFs such as TETH are exchange-traded products not registered under the Investment Company Act of 1940, so they lack some protections that apply to registered funds. confirmedas of 2026-10-09

    Revision history (1)
    1. Page created.

    Created Oct 10, 2026. Last reviewed by an editor on Oct 10, 2026. Next scheduled review: Jan 10, 2027.

    Cite this page

    "Ethereum ETFs compared: fees, issuers and staking (October 2026)." ContentLora, updated Oct 10, 2026. https://contentlora.com/analysis/ethereum-etf-comparison

    Spotted an error? Suggest a correction or emailcorrections@contentlora.com.

    Keep exploring

    ☰ Contents