Grayscale Ethereum Staking Mini ETF (ETH) vs Invesco Galaxy Ethereum ETF (QETH)

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

Feature
Ratings
Our score4.1/53.4/5
User ratingNo reviews yetNo reviews yet
Fees4.54.0
Size & liquidity4.02.5
Issuer & custody4.04.5
Structure & tracking3.54.0
Extras (staking, options)4.52.0
Specs
TickerETHQETH
IssuerGrayscaleInvesco
HoldsEtherEther
StructureSpot ETFSpot ETF
Expense ratio0.15%0.25%
Assets under management$1.79B as of July 2026$18.9M
Listed onNYSE ArcaCboe BZX
Launch date2024-07-232024-07-23
CustodianCoinbase Custody Trust Company and Anchorage Digital Bank N.A.Coinbase Custody Trust Company
Stakes its holdings Yes No
MarketUnited StatesUnited States
Company
Founded20242023
HeadquartersUnited StatesUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • Competitive 0.25% annual unified expense ratio
  • Physical ether holdings secured in segregated cold storage by Coinbase Custody
  • Trades directly on Cboe BZX for tax-advantaged account eligibility
  • Backed by institutional managers Invesco and Galaxy Asset Management
Cons
  • 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
  • Does not stake ether holdings or distribute staking yield
  • No option for shareholders to withdraw physical ether
  • Limited to United States brokerage account holders
  • Modest fund assets of $18.9M in March 2026
Best forUS brokerage account holders, Retirement and IRA ether exposure, Cost-sensitive spot ether investorsUS brokerage account holders, Tax-advantaged retirement accounts, Investors avoiding self-custody wallets

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