Ethereum ETF Data Comparison
The table compares ETHA, FETH, and ETHE by issuer, exchange, expense ratio, custody, Ethereum ETF scale, product advantage, and major drawback.
| ETF | Issuer / exchange | Expense ratio | Custodian | AUM / ETH scale | Main advantage | Main drawback |
|---|---|---|---|---|---|---|
| ETHA | BlackRock iShares / Nasdaq | 0.25% | Coinbase Custody | Largest spot Ethereum ETF group by scale | Default scale and liquidity choice | Coinbase-custody concentration if paired with IBIT |
| FETH | Fidelity / Cboe BZX | 0.25% | Fidelity Digital Asset Services | Smaller than ETHA but institutionally relevant | Custody diversification through Fidelity | Less trading depth than ETHA |
| ETHE | Grayscale / NYSE Arca | 2.50% | Coinbase Custody | Legacy Grayscale Ethereum vehicle converted to ETF | Staking-related differentiation to evaluate | High fee creates a large hurdle before any feature advantage matters |
Comparison Checklist
- Use ETHA when scale and liquidity matter more than custody differentiation.
- Use FETH when the account wants Fidelity custody exposure.
- Only consider ETHE if the staking-related difference is valuable enough to justify the fee drag.
- Do not compare ETH ETFs only by ticker; compare net exposure after fee, spread, and custody.
ETHA, FETH, And ETHE Product Overview
ETHA is BlackRock iShares' spot Ethereum ETF on Nasdaq and is the default scale product in this group. FETH is Fidelity's spot Ethereum ETF on Cboe BZX, with Fidelity Digital Asset Services custody as its main structural difference. ETHE is Grayscale's legacy Ethereum vehicle converted into an ETF, and it sits in a different fee and product-positioning category. All three provide Ethereum exposure, but fee drag, custody, and liquidity make the wrappers very different.
ETHA, FETH, And ETHE Pros And Cons
ETHA's strengths are scale, brand distribution, and liquidity; its limitation is Coinbase-custody concentration if the same account also owns IBIT. FETH's strength is Fidelity custody; its limitation is smaller scale than ETHA. ETHE's strength is differentiated Grayscale positioning; its limitation is the 2.50% fee, which creates a heavy performance hurdle.
Best Use Case And Final Recommendation
Use ETHA for simple Ethereum ETF exposure and the cleanest liquidity profile. Use FETH when custody diversification matters. Treat ETHE as a specialist product: it only fits if the investor explicitly wants Grayscale or staking-related differentiation and is comfortable with the high fee. For most long-term ETF allocations, ETHA or FETH is easier to defend.
Common Questions
Which Ethereum ETF is the largest default choice?
ETHA is the scale and liquidity leader in this comparison.
Which Ethereum ETF diversifies custody?
FETH uses Fidelity Digital Asset Services, while ETHA and ETHE use Coinbase Custody.
Why is ETHE different?
ETHE has Grayscale legacy exposure and staking-related differentiation, but it also has a 2.50% expense ratio.
Does a staking feature automatically make ETHE better?
No. The investor must compare the net benefit after the high fee.
Are ETH ETFs the same as owning ETH directly?
No. They are securities wrappers and cannot be transferred to a wallet.
Which is best for simple exposure?
ETHA is the simplest default; FETH is the custody-diversification alternative.