Grayscale Ethereum Mini Trust ETF

Frequently Asked Questions About ETH

What does ETH invest in?

ETH aims to track the spot price of ether, less expenses and liabilities. It intends to provide accessibility to ether without the complexities of acquiring, holding, and trading directly through an ether spot market. ETH owns and passively holds actual ether through its custodian. It does not trade, buy, sell or hold ether derivatives, including ether futures. Holdings are valued daily based on the CoinDesk Ether Price Index (ETX), a USD-denominated reference rate for the spot price of ether, which leverages real-time prices from multiple constituent exchanges. Each constituent exchange is weighted proportionally to its trailing 24-hour liquidity with adjustments for price variance and inactivity. At the time of launch, the issuer spun off 10 percent of the assets in ETHE and reduced expense ratio and handle to make the shares more appealing to retail investors. The funds expense ratio and tracking should be reviewed and considered for comparison purposes. Effective January 5, 2026, the fund appended the term staking to its name.

What is the expense ratio of ETH?

Grayscale Ethereum Mini Trust ETF (ETH) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ETH?

Grayscale Ethereum Mini Trust ETF (ETH) manages $2.23B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ETH actively managed or an index fund?

ETH's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ETH launched?

Grayscale Ethereum Mini Trust ETF (ETH) launched in July 2024 and is managed by Grayscale.

How has ETH performed?

ETH's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.