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21shares Ethereum Staking ETF (TETH) vs Grayscale Ethereum Staking Mini ETF (ETH)

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

21shares Ethereum Staking ETF (TETH)3.8/5
VS
Grayscale Ethereum Staking Mini ETF (ETH)4.1/5
Feature
21shares Ethereum Staking ETF (TETH)Visit
Grayscale Ethereum Staking Mini ETF (ETH)Visit
Ratings
Our score3.8/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity2.54.0
Issuer & custody4.04.0
Structure & tracking4.03.5
Extras (staking, options)4.54.5
Specs
TickerTETHETH
Issuer21sharesGrayscale
HoldsEtherEther
StructureSpot ETFSpot ETF
Expense ratio0.21%0.15%
Fee waiver100% waiver through October 8, 2027Not disclosed
Assets under management$26.5M$1.79B as of July 2026
Listed onCboe BZXNYSE Arca
Launch date2024-07-222024-07-23
CustodianAnchorage Digital Bank, BitGo, Coinbase CustodyCoinbase Custody Trust Company and Anchorage Digital Bank N.A.
Stakes its holdings Yes Yes
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
  • Low 0.15% annual expense ratio with no temporary waiver expiration
  • Stakes ether holdings to pass 94% of staking yield into NAV
  • Uses two institutional custodians including Coinbase Custody and Anchorage Digital
  • Deep secondary market liquidity with roughly $69M in daily volume in July 2026
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
  • No custodian recourse or compensation for validator slashing losses
  • Sponsor and partners deduct 6% from gross staking rewards
  • Shareholders cannot redeem shares for physical ether
  • Not registered under the Investment Company Act of 1940
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 ether exposure, Cost-sensitive spot ether investors

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