Questions regarding the ETHE/ETH spin-off?
Contact us at info@grayscale.com or call 866-775-0313 if you have any questions.
For brokers & shareholders:
- ETH Report of Organizational Actions Affecting Basis (Form 8937 Comparable Information)
Grayscale Ethereum Trust
The world’s largest *
Ethereum Fund
$18.75
Market Price as of 09/06/2024
Ticker:
ETHE
*By AUM as of 7/22/2024
The Grayscale Ethereum Trust (“ETHE”) is not a fund registered under the Investment Company Act of 1940 and is not subject to regulation under the Investment Company Act of 1940, unlike most mutual funds or ETFs. ETHE is not suitable for all investors. An investment in ETHE is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment.
Investment Strategy
Grayscale Ethereum Trust (ETHE) is solely and passively invested in Ether. Its investment objective is to reflect the value of Ether held by the Trust, less expenses and other liabilities.
Ethereum 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.
$
0
Market Price
As of 09/06/2024
-0
%
1 Day Market Price Change
As of 09/06/2024
Why ETHE?
Largest Ethereum Fund
ETHE is currently the largest* Ethereum fund in the world by AUM.
Long Operating History
Created in 2017, ETHE has a long operating history as the first publicly-traded Ethereum fund in the US.
Expert Sponsor
ETHE is sponsored by Grayscale, one of the the world’s leading crypto asset managers with over a decade of experience operating crypto investment products.
*By AUM as of 7/22/2024
Name
Grayscale Ethereum Trust
Distribution Frequency
None
Ticker
ETHE
Trust Inception Date
12/14/2017
Primary Listing Market
NYSE ARCA
Public Quotation Date
06/20/2019
CUSIP
389638107
ETF Listing Date
07/23/2024
ISIN
US3896381072
Key Fund Information
As of 09/06/2024
Assets Under Management (Non-GAAP)
$3,922,464,718.38
Sponsor
Grayscale Investments, LLC
Shares Outstanding
208,898,500
Index Provider
CoinDesk Indices, Inc.
Total Expense Ratio
2.50%
Fund Administrator
BNY
Total Ether in Trust
1,765,428.6659
Digital Asset Custodian
Coinbase Custody Trust Company, LLC
Ether per Share
0.00845113
Marketing Agent
Foreside Fund Services, LLC
Base Currency
USD
Performance
ETHE was first created in 2017. In 2024, it uplisted to NYSE Arca as a spot Ethereum ETP.
Daily Performance
As of 09/06/2024
Net Asset Value (NAV) per Share
$18.78
ETX Index Price
$2,221.82
NAV per Share 1D Change ($)
-$1.19
Daily Volume (Shares)*
4,813,351
NAV per Share 1D Change (%)
-5.96%
Market Price 1D Change ($)
-$1.20
Market Price
$18.75
Market Price 1D Change (%)
-6.02%
Premium / Discount (%)
-0.16%
GAAP AUM
$3,919,516,452.51
30D Median Bid/Ask Spread (%)
0.05%
GAAP NAV per Share
$18.76
*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 ETHE'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.
Since inception is the ETP listing date of 07/23/2024.
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 ETF 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. Prior to 07/23/2024. Principal Market NAV per Share was referred to as NAV per Share and NAV per share was referred to as Digital Asset Holdings per Share. Our definitions and calculations of these non-GAAP measures may not be the same as similar measures reported by other Ethereum ETFs. Please refer to ETHE's filings with the Securities and Exchange Commission for additional information. NAV is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day using the 4PM ET index price. Market Price is the current price at which shares are bought and sold. Market returns are based upon the last trade price.
Historical Performance
Grayscale Ethereum Trust first launched as a private placement in 2017. In mid-2019, shares began trading publicly on OTC Markets under symbol: ETHE. This continued until 2024, when ETHE uplisted to NYSE Arca as a spot Ethereum ETP.
1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Annualized
Since
Inception | Cumulative
Since
Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV Per Share, % | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
The performance table shows the Trust's performance for the time periods shown from inception to 7/23/2024. The Trust's performance prior to 7/23/2024 is based on market-determined prices on the OTCQX marketplace and on the Trust's performance without an ongoing share creation and redemption program. Prior to 7/23/2024, the Trust's shares traded at both premiums and discounts to the value of the Trust's assets, less its expenses and other liabilities, which at times were substantial, in part due to the lack of an ongoing redemption program. Effective as of 7/23/2024, the Trust established an ongoing share creation and redemption program and the shares of the Trust were listed to NYSE Arca. Hence, the Trust's returns for periods prior to 7/23/2024 are not directly comparable to, and should not be used to make conclusions in conjunction with, the Trust's performance for periods subsequent to 7/23/2024.
How to Invest in ETHE
Grayscale Ethereum Trust (Ticker: ETHE) trades on NYSE Arca and is available through your brokerage account. To invest, click below to be redirected to brokerage platforms or search for ETHE on your platform of choice.
FAQs
Have more questions? Please reach out to our Investor Relations team at info@grayscale.com