Best Ethereum ETFs in 2026

Sponsored by BlackRock, ETHB holds physical ether with Coinbase Prime and tracks the CME CF Ether Dollar Reference Rate. It stakes underlying ether to produce rewards, posting a 1.53% 30-day staking rate in October 2026 and paying yields monthly in cash. BlackRock waives the standard 0.25% fee to 0.12% on the first $2.5 billion in assets. However, investors face validator slashing risk, unstaking delays, and an expense ratio that jumps to 0.25% once the waiver ends.

Grayscale Ethereum Staking Mini ETF carries a fixed 0.15% expense ratio. No temporary fee waiver applies. Holding physical ether across Coinbase Custody and Anchorage Digital Bank, the trust stakes its underlying assets to credit 94% of gross rewards into net asset value. Secondary trading is active, logging roughly $69 million in daily volume in July 2026. However, the sponsor takes a 6% cut of staking rewards, and neither custodian covers validator slashing losses.

Sponsored by Morgan Stanley Investment Management, MSSE tracks the CoinDesk Ether Benchmark 4PM NY Settlement Rate on NYSE Arca. The trust splits physical ether custody between BNY Mellon and Coinbase Custody. Network staking rewards accrue directly to fund net asset value. It launched in July 2026. Because of that brief operating history, the fund provides less secondary trading data than earlier products, while shareholders remain exposed to validator slashing penalties without direct redemption options.

21shares Ethereum Staking ETF (TETH) is a Cboe-listed spot ether fund that stakes its assets and pays quarterly cash rewards. With its 0.21% sponsor fee fully waived until October 2027, it suits US brokerage investors seeking yield on ether.

Bitwise Ethereum ETF provides pure spot exposure without staking. Holdings remain completely unstaked. The trust charges a 0.20% sponsor fee and trades with a 0.05% median spread on NYSE Arca. An independent accounting firm, The Network Firm LLP, conducts daily reserve balance examinations. Bitwise donates 10% of profits to open-source Ethereum developers, but investors face an effective total expense ratio of 0.85% once administrative costs are included, alongside foregone staking yields.

Grayscale Ethereum Staking ETF converts staking proceeds into quarterly cash distributions. Staking payouts carry steep costs. The trust had 82.67% of its ether staked in October 2026, delivering a 2.04% net 60-day annualized staking yield. Secondary trading on NYSE Arca is liquid, with a 0.05% median bid-ask spread. However, the trust charges a 2.50% sponsor fee and keeps 23% of gross staking proceeds for sponsor, custodian, and validator fees.

Managed by Invesco and Galaxy Asset Management, QETH tracks the Lukka Prime Ethereum Reference Rate USD index on Cboe BZX. The fund holds physical ether at Coinbase Custody, while BNY Mellon manages cash custody and administration. It charges a 0.25% unified sponsor fee. The fund stays simple. It does not stake ether or pay rewards. With $18.9 million in assets under management in March 2026, QETH has a smaller capital base and thinner trading liquidity than major competing trusts.