Grayscale Ethereum Staking Mini Trust: price, fees and where to buy

Grayscale Ethereum Staking Mini Trust

Issued by Grayscale · Spot ETF

$23.38 +0.95 % NYSE Arca · ETH Volume: 1,715,835 shares Price as of 15/10/2026 20h00

This product is listed in the United States. Without a European information document it cannot be distributed to retail investors living in the European Union, and most European brokers refuse buy orders on it.

1M +1.92 %
3M +29.24 %
6M +5.60 %
1Y −35.82 %

One-year change: −35.82 %

Underlying asset Ethereum
Type Spot ETF
Management fee 0.15 % per year
ISIN US38964R2031
Domicile États-Unis
Income Market cap
Replication Physically held
Benchmark index CoinDesk Ether Price Index
PEA-eligible No

# Understanding the Grayscale Ethereum Staking Mini Trust (ETH)

The Grayscale Ethereum Staking Mini Trust (ISIN: US38964R2031) is an exchange-traded product designed to provide exposure to Ethereum (ETH) through a traditional brokerage account. Issued by Grayscale, it allows investors to track the digital asset's value without the technical requirements of managing a cryptocurrency wallet or private keys.

Underlying Assets and Replication Method

This product is a "physically held" spot ETF. This means the Trust holds actual Ethereum in secure custody to back the shares issued. The product’s objective is to track the performance of the CoinDesk Ether Price Index. Because it uses physical replication, the value of the shares is directly linked to the amount of ETH held by the Trust. However, it is important to clarify that holding shares in this Trust is not the same as holding the cryptocurrency itself; investors own a security that tracks the asset, rather than the digital asset directly.

Legal Structure and Domiciliation

The Trust is domiciled in the United States and is listed on the NYSE Arca. As a US-based financial product, it operates under the regulatory framework of the United States. Notably, this product is not UCITS-compliant, which is a common regulatory standard for investment funds in Europe. Furthermore, it is not eligible for specific tax-advantaged accounts such as the French PEA. The US domiciliation means that the product is primarily distributed in the United States and trades in USD.

Management Fees and Market Comparison

Grayscale has set the annual management fee for this Mini Trust at 0.15%. These fees are used to cover the costs of maintaining the Trust, including institutional-grade custody, administrative expenses, and regulatory compliance. At 0.15%, the fee is positioned competitively within the landscape of US-listed spot Ethereum ETFs, where management fees are a primary point of comparison for investors looking for cost-effective exposure.

Staking Rewards and Income Treatment

The "Staking" component of this Trust refers to the process where the underlying Ethereum is used to participate in the network’s Proof-of-Stake consensus mechanism. Staking rewards are essentially incentives provided by the Ethereum network for validating transactions. According to the product specifications, these rewards are treated via the "Market Cap" method, meaning the value generated by staking is typically reflected in the Net Asset Value (NAV) of the Trust rather than being distributed as a cash dividend.

Considerations Before Purchase

Before acquiring shares on the NYSE Arca, it is necessary to look beyond the management fee. Investors should evaluate the "spread" (the difference between the buy and sell price), which impacts the total cost of entry and exit. Additionally, one should account for the transaction fees charged by their broker and the specific tax laws of their country of residence regarding US-listed securities and capital gains.

Is the Grayscale Ethereum Staking Mini Trust UCITS compliant?

No. This product is domiciled in the United States and does not follow the European Union's UCITS directive. It is primarily intended for distribution in the US market.

How are the staking rewards handled?

The rewards generated by the Ethereum network are generally incorporated into the Trust's assets. This increases the Net Asset Value (NAV) per share over time, rather than resulting in a direct cash payment to the investor.

Can I withdraw the underlying Ethereum to a personal wallet?

No. Shareholders own an interest in the Trust, which is traded on a stock exchange. There is no mechanism for retail investors to redeem their shares for the underlying physical cryptocurrency.

Where this product is listed

Venue Ticker Currency Last price Change
NYSE Arca ETH USD $23.38 +0.95 %

Where to buy this product

These brokers give access to at least one of the venues where this product is listed. Check on their site that they list it before opening an account.

Interactive Brokers Broker

Via NYSE Arca (ETH)

Order fee 0,005 USD par action, minimum 1 USD, plafonné à 1 % de l'ordre (tarif Fixe)

Currency conversion fee: 0.002 %

Open an account
DEGIRO Broker

Via NYSE Arca (ETH)

Order fee 2 € par ordre (1 € de courtage + 1 € de gestion)

Currency conversion fee: 0.250 %

Open an account
XTB Broker

Via NYSE Arca (ETH)

Order fee 0 % jusqu'à 100 000 € de volume par mois calendaire, puis 0,20 % avec un minimum de 10 €

Currency conversion fee: 0.500 %

Open an account
eToro Investment platform

Via NYSE Arca (ETH)

Order fee Aucune commission sur les ETF

Currency conversion fee: 0.750 %

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Freedom24 Broker

Via NYSE Arca (ETH)

Order fee Formule Smart : 2 USD par ordre plus 0,02 USD par action, minimum 10 USD

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Webull Neobroker

Via NYSE Arca (ETH)

Order fee Aucune commission sur les ETF cotés aux États-Unis

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Vanguard Broker

Via NYSE Arca (ETH)

Order fee Aucune commission sur les ETF cotés aux États-Unis passés en ligne

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Questrade Broker

Via NYSE Arca (ETH)

Order fee Aucune commission sur les actions et ETF

Currency conversion fee: 1.500 %

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Stake Neobroker

Via NYSE Arca (ETH)

Order fee 3 USD par ordre jusqu'à 30 000 USD, puis 0,01 %

Currency conversion fee: 0.550 %

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moomoo Neobroker

Via NYSE Arca (ETH)

Order fee Aucune commission, plus 0,99 USD de frais de plateforme par ordre (Singapour)

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EasyEquities Investment platform

Via NYSE Arca (ETH)

Order fee 0,25 % par transaction, plus les frais de compensation américains

Open an account

Information, not investment advice. Crypto prices swing hard and you can lose everything you invest. Fees and listings change: check them on the issuer's site before investing.