Grayscale Ethereum Staking ETF (ETHE) vs iShares Staked Ethereum Trust ETF (ETHB)

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

Grayscale Ethereum Staking ETF (ETHE)3.5/5

iShares Staked Ethereum Trust ETF (ETHB)4.4/5

Feature	Grayscale Ethereum Staking ETF (ETHE)Visit	iShares Staked Ethereum Trust ETF (ETHB)Visit
Ratings
Our score	3.5/5	4.4/5
User rating	No reviews yet	No reviews yet
Fees	1.0	4.5
Size & liquidity	4.5	4.5
Issuer & custody	4.5	5.0
Structure & tracking	4.0	4.0
Extras (staking, options)	4.5	4.0
Specs
Ticker	ETHE	ETHB
Issuer	Grayscale	BlackRock
Holds	Ether	Ether
Structure	Grantor trust	Spot ETF
Expense ratio	2.5%	0.25%
Fee waiver	Not disclosed	0.12% for the first 12 months on the first $2.5B in assets
Assets under management	Not disclosed	$1.18B
Listed on	NYSE Arca	Nasdaq
Launch date	2024-07-23	2026-02-18
Custodian	Not disclosed	Coinbase Prime
Stakes its holdings	Yes	Yes
Market	Not disclosed	United States
Company
Founded	2024	2026
Headquarters	—	United States
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	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	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	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	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 for	US brokerage retirement accounts, Investors seeking ether staking dividends, Accounts unable to self-custody crypto	Retirement 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.