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Grayscale Ethereum Mini Trust ETF

Grayscale's low-cost*

Ethereum Fund

$17.64

Market Price as of 03/28/2025

Ticker:

ETH

Brokerage fees and other expenses may still apply.

Grayscale Ethereum Mini Trust ETF ("ETH" or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. Investing involves risk, including possible loss of principal. An investment in ETH is subject to a high degree of risk and heightened volatility. ETH is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in Ether.

*Low cost based on gross expense ratio at 0% for the first 6 months of trading for the first $2.0 billion. After the fund reaches $2.0 billion in assets or after 6-month waiver period, the fee will be 0.15%. See prospectus for additional fee waiver information.

0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
0% fee for six months*
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Investment Strategy

Grayscale Ethereum Mini Trust ETF is solely and passively invested in Ether. Its investment objective is to reflect the value of Ether held by the Fund, less expenses and other liabilities.

Ether is a digital asset that is created and transmitted through the operations of the peer-to-peer Ethereum Network, a decentralized network of computers that operates on cryptographic protocols. The Ethereum Network allows people to exchange tokens of value, called Ether, which are recorded on a public transaction ledger known as a blockchain.

$17.64

Market Price

As of 03/28/2025

-6.57%

1 Day Market Price Change

As of 03/28/2025

0.15%

Sponsor's Fee*

As of 03/28/2025

*The Sponsor has determined to waive a portion of the Sponsor’s Fee for the first 6 months beginning on the commencement of trading of the Shares on NYSE Arca, so that the fee will be 0% of the NAV of the Fund for the first $2.0 billion of the Fund's assets. If the Fund's assets exceed $2.0 billion prior to the end of the 6-month period, the Sponsor’s Fee charged on assets over $2.0 billion will be 0.15%. All investors will incur the same Sponsor’s Fee, which is the weighted average of those fee rates. After the 6-month waiver period is over, the Sponsor’s Fee will be 0.15%.

Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Mini Trust ETF

Why ETH?

Lowest Cost

ETH is the lowest-cost Ether exchange-traded product in the US, offering the lowest cost of ownership for investors.

Convenience

Gain exposure to Ether in the form of an investment fund, and access it directly in your brokerage account.

Specialist Sponsor

ETH is sponsored by Grayscale, one of the world’s leading crypto asset managers with a decade of experience operating crypto investment products.

Overview

NAME

Grayscale Ethereum Mini Trust ETF

DISTRIBUTION FREQUENCY

None

TICKER

ETH

TRUST INCEPTION DATE

07/23/2024

PRIMARY LISTING MARKET

NYSE ARCA

CUSIP

38964R 203

ISIN

US38964R1041

ETP LISTING DATE

07/23/2024

Key Fund Information

ASSETS UNDER MANAGEMENT (NON-GAAP)

$854,611,899.68

SPONSOR

Grayscale Investments, LLC

SHARES OUTSTANDING

48,450,788

INDEX PROVIDER

CoinDesk Indices, Inc.

SPONSOR'S FEE*

0.15%

FUND ADMINISTRATOR

BNY

TOTAL ETHER IN TRUST

456,430.7991

DIGITAL ASSET CUSTODIAN

Coinbase Custody Trust Company, LLC

ETHER PER SHARE

0.00942050

MARKETING AGENT

Foreside Fund Services, LLC

BASE CURRENCY

USD

*The Sponsor has determined to waive a portion of the Sponsor’s Fee for the first 6 months beginning on the commencement of trading of the Shares on NYSE Arca, so that the fee will be 0% of the NAV of the Fund for the first $2.0 billion of the Fund's assets. If the Fund's assets exceed $2.0 billion prior to the end of the 6-month period, the Sponsor’s Fee charged on assets over $2.0 billion will be 0.15%. All investors will incur the same Sponsor’s Fee, which is the weighted average of those fee rates. After the 6-month waiver period is over, the Sponsor’s Fee will be 0.15%.

Performance

Daily Performance

NET ASSET VALUE (NAV) PER SHARE

$17.64

ETX INDEX PRICE

$1,872.38

NAV PER SHARE 1D CHANGE ($)

-$1.23

DAILY VOLUME (SHARES)*

1,207,883

NAV PER SHARE 1D CHANGE (%)

-6.52%

MARKET PRICE 1D CHANGE ($)

-$1.24

MARKET PRICE

$17.64

MARKET PRICE 1D CHANGE (%)

-6.57%

PREMIUM / DISCOUNT (%)

0.00%

GAAP AUM

$854,940,529.84

30D MEDIAN BID/ASK SPREAD (%)

0.05%

GAAP NAV PER SHARE

$17.65

*Trading generally takes place throughout the normal trading hours (typically 9:30am – 4:00pm EST). Daily volume shares is updated between 1am and 5am EST to reflect previous trading day activity.


Median 30 Day Spread is a calculation of ETH's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.


GAAP AUM and GAAP NAV Per Share represents the applicable Product’s principal market price and is calculated using a GAAP methodology. For additional information, see the applicable Product’s financial statements.

As of 03/28/2025

1 month

3 months

6 months

YTD

1 year

3 years

5 years

10 years

Annualized Since Inception

Cumulative Since Inception

Market Price, %

-33.08

-38.18

-11.36

-33.57

--

--

--

--

--

-36.02

NAV Per Share, %

-33.21

-38.39

-11.53

-33.74

--

--

--

--

--

-35.95

Benchmark Index, %

-33.19

-38.37

-11.57

-33.71

--

--

--

--

--

-35.88

Since inception is the ETP listing date of 7/23/2024.

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Benchmark Index refers to The CoinDesk Ether Price Index (ETX) which provides a USD-denominated reference rate for the spot price of Ether (ETH). The index leverages real-time prices from multiple constituent trading platforms to provide a representative spot price.

How to Invest in ETH

Grayscale Ethereum Mini Trust (Ticker: ETH) trades on NYSE Arca and is available through your brokerage account. To invest, click below to be redirected to brokerage platforms or search for ETH on your platform of choice.

ETH Resources

ETH Factsheet

12/31/2024

Read More

ETH Prospectus

01/06/2025

Read More

FAQs

Have more questions? Please reach out to a portfolio consultant at info@grayscale.com or call us at 866-775-0313.

ETH is one of the first spot Ethereum ETPs in the US, and offers one of the lowest costs of ownership. A spot Ethereum ETP is solely and passively invested in Ether, whose shares are designed to reflect the value of Ether held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities.

ETH allows investors to gain exposure to Ether through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency trading platform. Similar to how investors use ETFs to hold other commodities, like gold or silver, they can now invest in Ether through ETH.

ETH owns and passively holds actual Ether through our Custodian, Coinbase Custody. ETH does not trade, buy, sell or hold Ether derivatives, including Ether futures contracts. This product is not levered.


ETH trades on NYSE Arca, and is available through most brokerage accounts, including Fidelity, Schwab, Robinhood, and others. To invest, click here to be redirected to your brokerage platform or simply search for ETH on your platform of choice.


ETH tracks the CoinDesk Ether Price Index (ETX), which provides a USD-denominated reference rate for the price of spot Ether.


ETH allows investors to gain exposure to Ether through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency exchange. Investors may choose ETH if they prefer the convenience of accessing all their investments on their regular investment platform and purchasing a regulated investment product.

An investment in ETH is not an investment in Ethereum. An investor would hold shares of the Trust.


ETH charges an annual management fee of 0.15%, which includes all of the costs associated with administration and safekeeping of the underlying Ether.

Grayscale has determined to waive a portion of the fee for the first 6 months beginning on the commencement of trading of the Shares on NYSE Arca, so that the fee will be 0% of the NAV of the Trust for the first $2.0 billion of the Trust’s assets.

If the Trust’s assets exceed $2.0 billion prior to the end of the 6-month period, the fee charged on assets over $2.0 billion will be 0.15%.

After the 6-month waiver period is over, the fee will be 0.15%.


Grayscale enables investors to access the digital economy through a family of registered and future-forward investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as a leading crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.


Investors may want exposure to Ether for portfolio diversification, as an alternative to fiat currency investment, to hedge against conventional markets, and more.

Ready to invest?