21shares Ethereum Staking ETF (TETH) vs iShares Staked Ethereum Trust ETF (ETHB)

How 21shares Ethereum Staking ETF (TETH) vs iShares Staked Ethereum Trust ETF (ETHB) compare on our ratings, crypto etf specs, funding, pros and cons.

21shares Ethereum Staking ETF (TETH)3.8/5

iShares Staked Ethereum Trust ETF (ETHB)4.4/5

Feature	21shares Ethereum Staking ETF (TETH)Visit	iShares Staked Ethereum Trust ETF (ETHB)Visit
Ratings
Our score	3.8/5	4.4/5
User rating	No reviews yet	No reviews yet
Fees	4.5	4.5
Size & liquidity	2.5	4.5
Issuer & custody	4.0	5.0
Structure & tracking	4.0	4.0
Extras (staking, options)	4.5	4.0
Specs
Ticker	TETH	ETHB
Issuer	21shares	BlackRock
Holds	Ether	Ether
Structure	Spot ETF	Spot ETF
Expense ratio	0.21%	0.25%
Fee waiver	100% waiver through October 8, 2027	0.12% for the first 12 months on the first $2.5B in assets
Assets under management	$26.5M	$1.18B
Listed on	Cboe BZX	Nasdaq
Launch date	2024-07-22	2026-02-18
Custodian	Anchorage Digital Bank, BitGo, Coinbase Custody	Coinbase Prime
Stakes its holdings	Yes	Yes
Market	United States	United States
Company
Founded	2024	2026
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	Sponsor fee waived to 0.12% on the first $2.5B in assets Generates validator staking rewards without requiring manual validator hardware or pooling Pays staking rewards through scheduled monthly cash distributions Backed by institutional custody via Coinbase Prime
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	Shares cannot be redeemed for physical ether tokens Subject to validator slashing penalties and Ethereum unstaking lockup periods Sponsor fee rises to 0.25% once initial waiver conditions conclude Concentrated counterparty custody risk with a single custodian
Best for	US brokerage accounts seeking ether exposure, Retirement portfolios targeting crypto staking income, Investors avoiding self-custody wallet setups	Retirement account crypto exposure, Investors seeking ether staking yields, US brokerage account holders

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