21shares vs Grayscale

How 21shares vs Grayscale compare on our ratings, asset manager specs, funding, pros and cons.

Feature	21shares Visit	Grayscale Visit
Ratings
Our score	4.2/5	4.0/5
User rating	No reviews yet	No reviews yet
Track record & size	4.5	4.5
Product range	5.0	4.5
Fees	3.5	3.0
Regulation & custody	4.0	4.0
Transparency	4.0	3.5
Specs
Products	Spot ETFs, ETPs / ETNs, Index funds, Staking products	Spot ETFs, ETPs / ETNs, Index funds, Private funds
Clients	Retail, Institutions, Financial advisors	Not disclosed
Assets under management	$11.3B	$50 billion in 2021
Flagship products	CBTC, ETHC, CSOL, ABBA, BOLD, HODLX	Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Grayscale Digital Large Cap Fund, Grayscale Solana Trust, Grayscale Future of Finance ETF
Assets covered	BTC, ETH, SOL, XRP, HYPE, SUI, DOGE, DOT	Bitcoin, Ethereum, Solana, Digital Large Cap assets, Future of Finance companies
Fees	0.10% to 1.49% p.a.	Not disclosed
Company
Founded	2018	2013
Headquarters	Switzerland	United States
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Over $11B in assets under management across 48 exchange-traded products Physical collateral backing avoids direct futures roll costs on spot products Competitive management fees starting at 0.10% on core Bitcoin and Ethereum ETPs Trading via standard brokerage accounts on 13 regulated stock exchanges	Founded in 2013 with a long crypto investment product history Backed by Digital Currency Group since 2015 Covers Bitcoin, Ether, Solana and diversified crypto assets Offers both crypto-asset products and a digital-finance equity ETF
Cons	Legacy and basket ETP expense ratios reach up to 1.49% per year Exchange-traded notes carry structural counterparty risk as collateralized debt obligations Restricted to professional investors in jurisdictions like Belgium ETP structures lack the independent board protections of 1940-Act mutual funds	Trust prices can trade at premiums or discounts to underlying asset value Investors face crypto volatility and tracking error Eligibility and access depend on each product and listing venue A ransomware group claimed a 2025 attack that Grayscale did not confirm
Best for	Traditional brokerage investors avoiding self-custody, European wealth managers balancing crypto portfolios, Allocators seeking exchange-listed staking exposure	Public-market crypto exposure, Financial adviser portfolios, Institutional digital-asset allocation

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.