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Bitwise Ethereum ETF (ETHW) vs iShares Staked Ethereum Trust ETF (ETHB)

How Bitwise Ethereum ETF (ETHW) vs iShares Staked Ethereum Trust ETF (ETHB) compare on our ratings, crypto etf specs, funding, pros and cons.

Bitwise Ethereum ETF (ETHW)3.7/5
VS
iShares Staked Ethereum Trust ETF (ETHB)4.4/5
Feature
Bitwise Ethereum ETF (ETHW)Visit
iShares Staked Ethereum Trust ETF (ETHB)Visit
Ratings
Our score3.7/54.4/5
User ratingNo reviews yetNo reviews yet
Fees3.54.5
Size & liquidity4.04.5
Issuer & custody4.55.0
Structure & tracking4.54.0
Extras (staking, options)2.04.0
Specs
TickerETHWETHB
IssuerBitwiseBlackRock
HoldsEtherEther
StructureSpot ETFSpot ETF
Expense ratio0.2%0.25%
Fee waiver0.00% on first $500M assets for first 6 months through January 22, 20250.12% for the first 12 months on the first $2.5B in assets
Assets under management$260,410,172$1.18B
Listed onNYSE ArcaNasdaq
Launch date2024-07-232026-02-18
CustodianCoinbase Custody Trust Co., LLCCoinbase Prime
Stakes its holdings No Yes
MarketUnited StatesUnited States
Company
Founded20242026
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
  • 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
  • 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
  • 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 forUS brokerage account holders, IRA and 401(k) crypto allocations, Investors avoiding private key managementRetirement account crypto exposure, Investors seeking ether staking yields, US brokerage account holders

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.