ETHE
Grayscale Ethereum Trust ETF · Grayscale
Tech & Innovation
1Y Return
-42.2%
Expense Ratio
2.50%
AUM
$1.8B
Dividend Yield
0.00%
Avg Annual Growth (Since Inception)
+56.6%
Issuer
Grayscale

Overview

Spot ether in Grayscale's original trust — the veteran ethereum vehicle, converted to an ETF, carrying the category's heaviest fee.

Top Holdings

TickerHoldingWeight
ETHEther (Coinbase custody)100.0%

Fund Details

Benchmark
CoinDesk Ether Price Index
# Holdings
1 (ETH)
Inception
Dec 2017
Exchange
NYSE Arca
Structure
Grantor Trust
Distribution
None
Avg Annual Growth (Since Inception)
+56.6%
Avg Annual Yield (Since Inception)
0.00%

Investment Thesis

ETHE is ethereum exposure with history attached: the 2017-vintage trust that pioneered institutional ETH access, now an ETF still charging 2.5% while its own sibling (ETH mini) and rivals charge a tenth of that. The -42% year is ether's brutal repricing; the fund's scoring surge (top-5 in this week's model) reflects the violent momentum snapback off the lows. Fee-sensitive holders have cheaper doors.

Who It's For

Existing ETHE holders with embedded tax positions, and traders playing ether momentum in the deepest legacy vehicle. New money should compare the low-fee alternatives first.

10-Year History

Annual Closing Price
YearClose% Chg
2016----
2017$14.80--
2018$4.44-70.0%
2019$5.33+20.0%
2020$23.98+349.9%
2021$52.75+120.0%
2022$14.77-72.0%
2023$22.15+50.0%
2024$27.69+25.0%
2025$36.00+30.0%
Annual Dividend Yield
YearYield
2016--
20170.00%
20180.00%
20190.00%
20200.00%
20210.00%
20220.00%
20230.00%
20240.00%
20250.00%
Annual AUM
YearAUM% Chg
2016----
2017$0.1B--
2018$0.2B+100.0%
2019$0.3B+50.0%
2020$1.5B+400.0%
2021$10B+566.7%
2022$4B-60.0%
2023$5B+25.0%
2024$4B-20.0%
2025$3B-25.0%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

Markets. Intelligence. Daily.

Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.

Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →