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 is a crypto-focused fund issued by Grayscale, currently holding $1.89 billion in assets. It carries an ETFValuer grade of F, reflecting a score of 19.9 out of 100. Within its category, it ranks 11th out of 11 tracked funds, placing it at the bottom of the peer group. The fund’s 2.5% expense ratio is significantly higher than the category median of 0.25%. Conversely, its 1.11% dividend yield stands out against a category median of 0.00%.

Price history is available for 3.0 years, with the current price of $19.76 sitting at 27.6% of its 52-week range. Short-term momentum shows a 1-month return of +28.65% and a 3-month return of +55.65%, contrasting sharply with a 1-year loss of -43.13%. Year-to-date performance is down -21.68%, while the 3-year return stands at +99.35%. The fund’s grade has remained F for the last 35 tracked days, indicating no recent improvement in its rating.

The fund exhibits Very High volatility at 64.32% annualised, with no beta data provided. A Sharpe ratio of -0.75 suggests poor risk-adjusted returns relative to the risk taken. Maximum drawdown has reached -68.17%, highlighting significant historical downside risk. Liquidity is characterized by an average daily volume of 2,149,284 shares and a wide bid/ask spread of 3.58%. These metrics collectively indicate a highly volatile and costly investment vehicle.

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

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 3.58% and average daily volume is 2.1M/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 $1.89B 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