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

Grayscale issues the Grayscale Ethereum Staking ETF, a crypto fund tracking 11 peers in its category. With $1.95 billion in assets, it holds the lowest position in its category and the sole spot at the bottom of the overall 458-fund ranking. The fund carries an F grade and a 2.5% expense ratio, which is ten times the category median of 0.25%. Its 1.88% dividend yield matches the category median, though no holdings breakdown is available for this fund.

The fund’s price sits at 30.4% of its 52-week range, reflecting a -37.68% return over the past year compared to the category median of -24.91%. Short-term momentum shows divergence, with a -11.36% drop in the last month contrasting against a +22.54% gain over three months. Year-to-date performance has declined by -23.87%, while the three-year horizon remains positive at +61.37%. The F grade has remained unchanged across the last 35 tracked days, indicating no recent improvement in its rating.

Annualized volatility of 62.52% is labeled Very High, contributing to a Sharpe ratio of -0.68. The fund experienced a maximum drawdown of -68.17%, highlighting significant downside risk during its history. Beta data is not available, but the high volatility and negative risk-adjusted return suggest poor performance relative to the risk taken. Average daily volume of 2,552,276 shares provides liquidity, though the price history is limited to 3.0 years.

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

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ETHE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.95B 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