


ETHE Review: Grayscale Ethereum Staking ETF
Grayscale’s Ethereum Staking ETF (ETHE), formerly the Grayscale Ethereum Trust, holds ether and stakes about four fifths of it. It charges a 2.50% sponsor fee, the highest of any fund we rate, and withholds 23% of gross staking rewards. Grayscale’s own Mini fund uses the same custodians and staking setup for a 0.15% fee and a 6% cut.

FETH Review: Fidelity Ethereum Fund
The Fidelity Ethereum Fund (FETH) holds ether with three custodians and stakes part of it through Anchorage and BitGo. Its 0.25% sponsor fee and flat 15% staking reward cut contribute to a CryptoSlate rating of 7.2/10.

ETH Review: Grayscale Ethereum Staking Mini ETF
Grayscale’s Ethereum Staking Mini ETF (ETH), formerly the Grayscale Ethereum Mini Trust, holds ether and stakes most of it for rewards. It charges a 0.15% sponsor fee and withholds 6% of gross staking rewards for the sponsor, custodian and staking provider, a lower combined cost than the other staking funds we rate, ETHB at 0.455% and ETHE at 2.983%. Slashing losses, though, fall on the fund, and the validator terms that might cover them are not public.

ETHW Review: Bitwise Ethereum ETF
Bitwise’s Ethereum ETF (ETHW) gives ether exposure in a brokerage account for a 0.20% sponsor fee, one of the lower fees among the funds we rate. Coinbase holds its ether under terms that make the custodian liable only for gross negligence, willful misconduct or fraud, weaker terms than most funds we rate. It does not stake, so it earns no staking rewards.

ETHV Review: VanEck Ethereum ETF
VanEck’s Ethereum ETF (ETHV) charges a 0.20% sponsor fee and holds its ether with Gemini as the main custodian and Coinbase as an additional one. VanEck does not publish a median bid-ask spread for the fund. It does not stake.

EZET Review: Franklin Ethereum ETF
Franklin Templeton’s Ethereum ETF (EZET) holds ether for a 0.19% annual sponsor fee. Its Coinbase custody terms permit claims for negligent safekeeping, subject to contract limits. The fund does not stake.

QETH Review: Invesco Galaxy Ethereum ETF
The Invesco Galaxy Ethereum ETF (QETH) holds ether for a 0.25% annual sponsor fee. Its Coinbase custody terms permit claims for negligent safekeeping, subject to contract limits. The fund has a smaller asset base than many peers and does not stake.

TETH Review: 21Shares Ethereum Staking ETF
The 21Shares Ethereum Staking ETF (TETH) holds ether and stakes part of it through three named providers. It rates 6.9/10, with a 25% staking reward cut and an ongoing 0.21% sponsor fee, currently waived through October 8, 2027.

ETHA Review: iShares Ethereum Trust ETF
BlackRock’s iShares Ethereum Trust ETF (ETHA) holds ether for a 0.25% annual sponsor fee. It gives investors exposure through Nasdaq-listed shares without managing a wallet, but it does not stake or earn staking rewards.

IBIT Review: iShares Bitcoin Trust ETF
BlackRock's iShares Bitcoin Trust ETF (IBIT) suits investors who want Bitcoin exposure in a brokerage account. Its Nasdaq-listed shares remove the need to manage a personal wallet. The main tradeoffs are an ongoing fund fee and no ability to withdraw or spend the underlying Bitcoin.

FBTC Review: Fidelity Wise Origin Bitcoin Fund
Fidelity Wise Origin Bitcoin Fund (FBTC) holds Bitcoin behind Cboe BZX-listed shares. Its custody appointments include a Fidelity affiliate and BitGo Bank & Trust. The annual sponsor fee is 0.25%, before trading costs, and retail investors cannot redeem shares for Bitcoin sent to a wallet.

BTCO Review: Invesco Galaxy Bitcoin ETF
Invesco Galaxy Bitcoin ETF (BTCO) offers spot Bitcoin exposure through US-listed shares, with a 0.25% annual sponsor fee. Its Lukka benchmark uses a principal-market price to value Bitcoin. Investors leave storage to the fund’s custodian, and individual shareholders cannot withdraw the underlying coins.
