Grayscale Bitcoin Mini Trust ETF (BTC) vs Grayscale Ethereum Staking ETF (ETHE)

How Grayscale Bitcoin Mini Trust ETF (BTC) vs Grayscale Ethereum Staking ETF (ETHE) compare on our ratings, crypto etf specs, funding, pros and cons.

Grayscale Bitcoin Mini Trust ETF (BTC)4.2/5

Grayscale Ethereum Staking ETF (ETHE)3.5/5

Feature	Grayscale Bitcoin Mini Trust ETF (BTC)Visit	Grayscale Ethereum Staking ETF (ETHE)Visit
Ratings
Our score	4.2/5	3.5/5
User rating	No reviews yet	No reviews yet
Fees	4.5	1.0
Size & liquidity	4.5	4.5
Issuer & custody	4.5	4.5
Structure & tracking	4.5	4.0
Extras (staking, options)	2.5	4.5
Specs
Ticker	BTC	ETHE
Issuer	Grayscale	Grayscale
Holds	Bitcoin	Ether
Structure	Spot ETF	Grantor trust
Expense ratio	0.15%	2.5%
Assets under management	$4.24B (December 2025)	Not disclosed
Listed on	NYSE Arca	NYSE Arca
Launch date	2024-07-31	2024-07-23
Custodian	Anchorage Digital Bank, Coinbase Custody	Not disclosed
Stakes its holdings	No	Yes
Market	United States	Not disclosed
Company
Founded	2024	2024
Headquarters	United States	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Competitive 0.15% annual expense ratio Direct underlying custody through Anchorage Digital Bank and Coinbase Custody Exceeded $4.24B in assets under management by December 2025 Holds spot Bitcoin rather than futures or debt instruments	Distributes native on-chain ether staking rewards in cash directly to brokerage accounts Stakes over 80% of underlying ether holdings to optimize cash yield generation Liquid trading on NYSE Arca with a 0.05% 30-day median bid/ask spread Eligible for tax-advantaged US retirement accounts like IRAs and 401(k) plans
Cons	Standard brokerage accounts cannot withdraw or take delivery of physical Bitcoin Holdings do not generate yield or support staking Restricted to investors with access to United States brokerage platforms Subject to tracking error and secondary market discounts or premiums	High 2.50% annual sponsor fee creates a significant ongoing drag on capital Retains 23% of gross staking rewards for sponsor, custodian, and staking provider fees Investors cannot redeem fund shares for physical ether coins Subject to underlying ether price volatility and proof-of-stake slashing risks
Best for	US brokerage account holders, Retirement and IRA crypto allocations, Cost-sensitive spot Bitcoin investors	US brokerage retirement accounts, Investors seeking ether staking dividends, Accounts unable to self-custody crypto

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