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Grayscale Ethereum Staking Mini ETF (ETH) vs iShares Staked Ethereum Trust ETF (ETHB)

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

Grayscale Ethereum Staking Mini ETF (ETH)4.1/5
VS
iShares Staked Ethereum Trust ETF (ETHB)4.4/5
Feature
Grayscale Ethereum Staking Mini ETF (ETH)Visit
iShares Staked Ethereum Trust ETF (ETHB)Visit
Ratings
Our score4.1/54.4/5
User ratingNo reviews yetNo reviews yet
Fees4.54.5
Size & liquidity4.04.5
Issuer & custody4.05.0
Structure & tracking3.54.0
Extras (staking, options)4.54.0
Specs
TickerETHETHB
IssuerGrayscaleBlackRock
HoldsEtherEther
StructureSpot ETFSpot ETF
Expense ratio0.15%0.25%
Fee waiverNot disclosed0.12% for the first 12 months on the first $2.5B in assets
Assets under management$1.79B as of July 2026$1.18B
Listed onNYSE ArcaNasdaq
Launch date2024-07-232026-02-18
CustodianCoinbase Custody Trust Company and Anchorage Digital Bank N.A.Coinbase Prime
Stakes its holdings Yes Yes
MarketUnited StatesUnited States
Company
Founded20242026
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
  • 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
  • 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
  • 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, Retirement and IRA ether exposure, Cost-sensitive spot ether investorsRetirement account crypto exposure, Investors seeking ether staking yields, US brokerage account holders

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