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21shares Ethereum Staking ETF (TETH) vs Bitwise Bitcoin ETF (BITB)

How 21shares Ethereum Staking ETF (TETH) vs Bitwise Bitcoin ETF (BITB) compare on our ratings, crypto etf specs, funding, pros and cons.

21shares Ethereum Staking ETF (TETH)3.8/5
VS
Bitwise Bitcoin ETF (BITB)4.1/5
Feature
21shares Ethereum Staking ETF (TETH)Visit
Bitwise Bitcoin ETF (BITB)Visit
Ratings
Our score3.8/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity2.54.5
Issuer & custody4.04.5
Structure & tracking4.04.0
Extras (staking, options)4.52.5
Specs
TickerTETHBITB
Issuer21sharesBitwise
HoldsEtherBitcoin
StructureSpot ETFSpot ETF
Expense ratio0.21%0.2%
Fee waiver100% waiver through October 8, 20270.00% on the first $1 billion of Trust assets for the first 6 months
Assets under management$26.5M$3.02B
Listed onCboe BZXNYSE Arca
Launch date2024-07-222024-01-10
CustodianAnchorage Digital Bank, BitGo, Coinbase CustodyCoinbase Custody Trust Co., LLC
Stakes its holdings Yes No
MarketUnited StatesUnited States
Company
Founded20242024
HeadquartersUnited StatesUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Sponsor management fee is 0.00% under a waiver running until October 8, 2027
  • Generates staking yield distributed in cash directly to brokerage accounts
  • Underlying crypto custody is split among four regulated institutional trust companies
  • Accessible through standard US brokerage and retirement accounts without managing private keys
  • Competitive 0.20% expense ratio covering custody and administration costs
  • Independent daily proof-of-reserve examinations by an accounting firm
  • Tight trading liquidity with a 0.02% 30-day median bid-ask spread
  • Pledges 10% of fund profits to open-source Bitcoin developers
Cons
  • Withholds 25% of gross staking rewards before cash distributions
  • Investors cannot redeem fund shares directly for physical ether
  • Fund assets under management remain relatively small at $26.5M in October 2026
  • Staking unbonding delays can reach approximately 8 days including sweep settlement
  • Investors cannot redeem fund shares for actual physical bitcoin
  • Not registered under the Investment Company Act of 1940
  • Subject to institutional counterparty concentration with a single crypto custodian
Best forUS brokerage accounts seeking ether exposure, Retirement portfolios targeting crypto staking income, Investors avoiding self-custody wallet setupsUS brokerage account holders, Retirement and IRA investors, Institutions requiring verified reserves

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