Bitwise Bitcoin ETF (BITB) vs Grayscale Ethereum Staking Mini ETF (ETH)

How Bitwise Bitcoin ETF (BITB) vs Grayscale Ethereum Staking Mini ETF (ETH) compare on our ratings, crypto etf specs, funding, pros and cons.

Feature
Ratings
Our score4.1/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity4.54.0
Issuer & custody4.54.0
Structure & tracking4.03.5
Extras (staking, options)2.54.5
Specs
TickerBITBETH
IssuerBitwiseGrayscale
HoldsBitcoinEther
StructureSpot ETFSpot ETF
Expense ratio0.2%0.15%
Fee waiver0.00% on the first $1 billion of Trust assets for the first 6 monthsNot disclosed
Assets under management$3.02B$1.79B as of July 2026
Listed onNYSE ArcaNYSE Arca
Launch date2024-01-102024-07-23
CustodianCoinbase Custody Trust Co., LLCCoinbase Custody Trust Company and Anchorage Digital Bank N.A.
Stakes its holdings No Yes
MarketUnited StatesUnited States
Company
Founded20242024
HeadquartersUnited StatesUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • 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
  • 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
  • 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 account holders, Retirement and IRA investors, Institutions requiring verified reservesUS brokerage account holders, Retirement and IRA ether exposure, Cost-sensitive spot ether investors

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