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Bitwise Ethereum ETF (ETHW) vs Grayscale Ethereum Staking Mini ETF (ETH)

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

Bitwise Ethereum ETF (ETHW)3.7/5
VS
Grayscale Ethereum Staking Mini ETF (ETH)4.1/5
Feature
Bitwise Ethereum ETF (ETHW)Visit
Grayscale Ethereum Staking Mini ETF (ETH)Visit
Ratings
Our score3.7/54.1/5
User ratingNo reviews yetNo reviews yet
Fees3.54.5
Size & liquidity4.04.0
Issuer & custody4.54.0
Structure & tracking4.53.5
Extras (staking, options)2.04.5
Specs
TickerETHWETH
IssuerBitwiseGrayscale
HoldsEtherEther
StructureSpot ETFSpot ETF
Expense ratio0.2%0.15%
Fee waiver0.00% on first $500M assets for first 6 months through January 22, 2025Not disclosed
Assets under management$260,410,172$1.79B as of July 2026
Listed onNYSE ArcaNYSE Arca
Launch date2024-07-232024-07-23
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
  • Trades on NYSE Arca through brokerage accounts
  • 0.20% sponsor fee structure
  • Daily independent proof-of-reserve examinations by The Network Firm
  • 100% physically backed spot ether holdings with no futures exposure
  • 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
  • Total expense ratio reaches 0.85% when factoring administrative costs
  • Does not stake ether, foregoing network proof-of-stake yields
  • Custody relies on a single provider, Coinbase Custody Trust Company
  • 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, IRA and 401(k) crypto allocations, Investors avoiding private key managementUS brokerage account holders, Retirement and IRA ether exposure, Cost-sensitive spot ether investors

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