ETHE — Grayscale Ethereum Staking ETF

ETHE Price Performance — Growth of $10,000

Value of a $10,000 investment in ETHE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ETHE Drawdown

The "underwater" chart: ETHE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Grayscale Ethereum Staking ETF, trading under the ticker ETHE, operates within the Crypto category managed by issuer Grayscale. With assets under management totaling $1.22 billion and a share price of $15.48, the fund represents a significant presence among the 11 ETFs tracked in its specific category. Despite this scale, the fund holds the lowest possible standing with an overall rank of #458 out of 458 tracked ETFs across all categories. Investors receive an ETFValuer grade of F, reflecting a composite score of 17.5 out of 100. The fund carries a high cost structure with an expense ratio of 2.5%, while offering a dividend yield of 1.39%. This combination of a top-tier expense ratio and the lowest overall ranking suggests limited investor adoption relative to the fund's size and cost profile.

Recent performance data shows a sharp divergence between short-term gains and long-term losses for the Grayscale Ethereum Staking ETF. Over the last day, the fund declined by 1.53%, following a modest weekly gain of 1.04% and a substantial monthly increase of 23.14%. However, this short-term momentum reverses significantly over longer horizons, with the fund posting a 3-month return of -17.54% and a 6-month return of -35.03%. Year-to-date performance stands at -38.82%, while the 1-year return has fallen to -49.41%. In contrast to these recent declines, the 3-year return remains positive at +68.63%, indicating a period of significant growth prior to the recent downturn.

The fund is classified with a Very High volatility label, which aligns with its negative Sharpe ratio of -0.81. A beta value is not available for this security, but the maximum drawdown of -68.17% highlights the severity of potential losses during market downturns. The negative Sharpe ratio indicates that the fund's returns have not adequately compensated investors for the risk taken over the measured period. This combination of extreme volatility and a deep maximum drawdown suggests the fund experiences severe price swings in both directions. The data implies that while the fund may participate in market rallies, it is equally susceptible to rapid and substantial declines that erode capital quickly.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ETHE Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.58% and average daily volume is 2.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.22B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ETHE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ETHE Performance History

How ETHE Compares to Other Crypto ETFs