21shares Ethereum Staking ETF (TETH) vs Grayscale Bitcoin Mini Trust ETF (BTC)

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

21shares Ethereum Staking ETF (TETH)3.8/5

Grayscale Bitcoin Mini Trust ETF (BTC)4.2/5

Feature	21shares Ethereum Staking ETF (TETH)Visit	Grayscale Bitcoin Mini Trust ETF (BTC)Visit
Ratings
Our score	3.8/5	4.2/5
User rating	No reviews yet	No reviews yet
Fees	4.5	4.5
Size & liquidity	2.5	4.5
Issuer & custody	4.0	4.5
Structure & tracking	4.0	4.5
Extras (staking, options)	4.5	2.5
Specs
Ticker	TETH	BTC
Issuer	21shares	Grayscale
Holds	Ether	Bitcoin
Structure	Spot ETF	Spot ETF
Expense ratio	0.21%	0.15%
Fee waiver	100% waiver through October 8, 2027	Not disclosed
Assets under management	$26.5M	$4.24B (December 2025)
Listed on	Cboe BZX	NYSE Arca
Launch date	2024-07-22	2024-07-31
Custodian	Anchorage Digital Bank, BitGo, Coinbase Custody	Anchorage Digital Bank, Coinbase Custody
Stakes its holdings	Yes	No
Market	United States	United States
Company
Founded	2024	2024
Headquarters	United States	United States
Investors	Not disclosed	Not 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 0.15% annual expense ratio Direct underlying custody through Anchorage Digital Bank and Coinbase Custody Exceeded $4.24B in assets under management by December 2025 Holds spot Bitcoin rather than futures or debt instruments
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	Standard brokerage accounts cannot withdraw or take delivery of physical Bitcoin Holdings do not generate yield or support staking Restricted to investors with access to United States brokerage platforms Subject to tracking error and secondary market discounts or premiums
Best for	US brokerage accounts seeking ether exposure, Retirement portfolios targeting crypto staking income, Investors avoiding self-custody wallet setups	US brokerage account holders, Retirement and IRA crypto allocations, Cost-sensitive spot Bitcoin investors

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