ETH Grayscale Ethereum Mini Trust

Spot Ethereum ETF · by Grayscale · Ethereum ETF flows · fee 0.15%

ETH saw net outflows of −$34.1M on Fri 30 Oct. Outflows 2 trading days in a row. All Ethereum ETFs: −$155.7M.

Share price$21.35−0.47% · −$0.10last trade Fri 30 Oct 23:55 UTC

Net flow, last day−$34.1M22% of Ethereum ETF flowFri 30 Oct · T+1

Cumulative net flow+$2.00Bsince 23 Jul 2024

Avg entry vs close−26.1%avg entry $3,054 · ETH $2,257

Net assets$2.09B

Day volume3.8Mshares, last session

Clients' P&L in ETH

At a loss

On average, ETH clients bought ETH at $3,054. At the 30 Oct 2026 close of $2,257 they are at a loss: −$729.3M (−26.1%) on paper.

Unrealised P&L−$729.3M−26.1%avg entry $3,054ETH close $2,257

Avg entry · break-even: $3,054
ETH close: $2,257
Invested: $2.79B
Current value: $2.06B
ETH in the fund: 914,189

Avg entry vs ETH price

Daily · US$ · as of 30 Oct 2026

ETH priceAvg entryClients in profitUnder water

$2K$3K$4K

$2,257$3,054Oct 25Jan 26May 26Jul 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 6 of 365 days

ETF cost basis

ETH price and net flow

Daily close · price history since 15 Jun 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +31.5% over the period

Fund facts

Price · 1D / 7D / 30D: $21.35 −0.47% / −5.66% / −16.76%
Day volume: 3.8M shares
Expense ratio: 0.15% What 0.15% costs per year
Launched: 23 Jul 2024
13F holders: 260 · Jun 30, 2026
Price history since: 15 Jun 2026

Price RangeNow $21.35 (56% of range)

all-time low $14.47Average price $20.88all-time high $26.81

Staking

Ethereum ETF staking

Status: Stakes
Share staked: 80% · 22 Oct
Staking yield: 2.43% · issuer
Rewards: Paid in cash, monthly
Last payout: $0.0422 per share on 5 Oct
Cap in prospectus: 100%

Kept staking rewards in the trust until August 2026, now pays them out in cash.

Filing: 10-Q · Fri 7 Aug

Coins held: 934,536 ETHestimated
Share of ETF coins: 15.5%
Issuer's fee revenue: $3.1M a year$8.6K a day at current assets

ETH net flow by day

Last 20 trading days, US$ m · share = ETH’s part of all Ethereum ETF flow when both move the same way

Date	Net flow	Share of ETH ETFs	All ETH ETFs	Close
Fri 30 Oct	−$34.1M	22%	−$155.7M	$21.35
Thu 29 Oct	−$5.6M	5%	−$105.5M	$21.45
Wed 28 Oct	+$3.6M	—	−$21.4M	$22.50
Tue 27 Oct	+$4.5M	—	−$60.2M	$22.43
Mon 26 Oct	0	—	−$88.6M	—
Fri 23 Oct	0	—	+$4.4M	$22.63
Thu 22 Oct	−$10.7M	10%	−$110.5M	$22.70
Wed 21 Oct	+$28.1M	—	+$14.9M	$23.64
Tue 20 Oct	+$3.3M	—	−$26.2M	$23.45
Mon 19 Oct	0	—	−$103.3M	$23.00
Fri 16 Oct	0	—	−$69.7M	$23.07
Thu 15 Oct	0	—	−$60.3M	$23.25
Wed 14 Oct	−$18.8M	14%	−$129.5M	$23.06
Tue 13 Oct	+$16.7M	67%	+$24.8M	$23.82
Mon 12 Oct	−$10.3M	12%	−$85.4M	$23.34
Fri 9 Oct	0	—	−$56.1M	$23.80
Thu 8 Oct	0	—	−$72.6M	$23.65
Wed 7 Oct	−$2.0M	1%	−$160.7M	$24.48
Tue 6 Oct	0	—	−$201.9M	$25.73
Mon 5 Oct	0	—	−$50.8M	$26.01

Streaks and records

descriptive, not a signal

Current outflow run: 2 days · since 29 Oct
Largest inflow, all time: +$99.8M · 29 Sep 2025
Largest outflow, all time: −$88.5M · 19 Aug 2025
Inflow days in 2026: 67 of 209
Best month: +$459.0M · Jul 2025
Worst month: −$91.0M · Nov 2025

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$59.3M21 Sep 2026	−$34.1M30 Oct 2026
Last 90 trading days	+$59.3M21 Sep 2026	−$34.1M30 Oct 2026
Last 12 months	+$62.4M18 Nov 2025	−$75.7M11 Nov 2025

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: ETH moved against the market, or more than the market totalAll days on Ethereum ETF flows ›

Who holds ETH: institutional holders from 13F

260 institutions reported holding ETH on June 30, 2026, with $415M at quarter-end prices (27.6M shares). Their combined share count rose 4.3% from Q1 2026 while the dollar value fell 21.0% — the difference is the Ethereum price, not selling. By value, banks and brokers held 26.9% and market makers 24.9%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding260−13 vs Q1 26

Reported value$415Mat Jun 30 prices

Shares reported27.6M≈31% of the fund

Net change in shares+1.1M+4.3% vs Q1 26 · +$17.2M at Jun 30 prices

ETH holders by type

Holder mix by value · our classificationshare of the $415M

Bank & broker 26.9%
Market maker 24.9%
Hedge fund 24.7%
Asset manager 2.1%
Endowment & foundation 0.6%
Wealth adviser 13.4%
Other managers 7.5%

Top 10 ETH holders on Jun 30, 2026

Top 10 ETH holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Morgan StanleyNew York · Bank & broker	Bank & broker	$76.9M	5.1M	+0.35M +7%	Q3 25
2	Kaleidoscope CapitalBoston · Hedge fund	Hedge fund	$62.6M	4.2M	+2.8M +204%	Q3 25
3	Susquehanna InternationalBala Cynwyd · Market maker	Market maker	$49.8M	3.3M	−2.0M −38%	Q3 24
4	Mangrove Partners IMGreenwich · Hedge fund	Hedge fund	$33.6M	2.2M	−1.3M −37%	Q1 26
5	IMC-ChicagoChicago · Market maker	Market maker	$32.8M	2.2M	−74K −3%	Q1 26
6	Goldman SachsNew York · Bank & broker	Bank & broker	$30.5M	2.0M	+2.0M new	Q2 26 · re-entered
7	Jane StreetNew York · Market maker	Market maker	$13.5M	900K	+0.57M +169%	Q3 24
8	Sloy Dahl & HolstVancouver · Wealth adviser	Wealth adviser	$13.0M	866K	+0.12M +16%	Q3 24
9	Tidal InvestmentsMilwaukee · Asset manager	Asset manager	$7.7M	513K	unchanged	Q4 25
10	Verde Capital ManagementClarkston · Other managers	Other managers	$4.8M	320K	+0.14M +80%	Q1 25

Top 10 of 260 · sorted by value · type is our classificationAll 260 ETH holders

Institutions in Ethereum ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot Ethereum ETFs

ETH is one of several US-listed spot Ethereum ETFs. Compare it with the other funds tracking Ethereum:

All 11 on Ethereum ETF flows ›

Fund	Issuer	Flow · Fri 30 Oct	Cumulative	Fee	Price	1D
ETHAiShares Ethereum Trust	BlackRock	−$76.6M	+$11.87B	0.25%	$50.68	+0.06%
FETHFidelity Ethereum Fund	Fidelity	−$3.3M	+$2.44B	0.25%	$22.30	−0.27%
ETHGrayscale Ethereum Mini Trustthis fund	Grayscale	−$34.1M	+$2.00B	0.15%	$21.35	−0.47%
ETHBiShares Staked Ethereum Trust	BlackRock	−$19.5M	+$833.0M	0.25%	$28.90	−2.32%
ETHWBitwise Ethereum ETF	Bitwise	0	+$393.5M	0.20%	$15.97	−4.29%
ETHVVanEck Ethereum ETF	VanEck	0	+$154.5M	0.20%	$32.63	−4.24%
EZETFranklin Ethereum ETF	Franklin Templeton	0	+$64.8M	0.19%	$16.92	−4.33%
MSSEMorgan Stanley Ethereum Trust	Morgan Stanley	−$0.7M	+$45.0M	0.14%	$24.16	−0.25%
TETH21Shares Core Ethereum ETF	21Shares	0	+$25.5M	0.21%	$11.12	−4.62%
QETHInvesco Galaxy Ethereum	Invesco	0	+$22.0M	0.25%	$22.21	−4.31%
ETHEGrayscale Ethereum Trust	Grayscale	−$21.5M	−$5.54B	2.50%	$17.95	−0.83%

Grayscale at the SEC

ETH went from first filing to trading in 91 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

ETH’s path to listing

First filing23 Apr 2024
5 amendments
Effective22 Jul 2024
Trading on NYSE23 Jul 2024

91 days at the SEC

Filing history

Other Grayscale filings waiting
Waiting fund	Stage	Last document	At the SEC
Grayscale BNB ETFBNB	Amending	3 Jun 2026	281 days
Grayscale Aave Trust (AAVE)Aave	Amending	12 May 2026	260 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	148 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	103 days

Open the filings tracker

About Grayscale Ethereum Mini Trust (ETH)

What the data says

With $2.00B of net inflow since 23 Jul 2024, ETH ranks 3rd of 11 Ethereum ETFs by money brought in. The leader, ETHA, has drawn $11.87B. By money brought in it sits between FETH (+$2.44B) and ETHB (+$833.0M). Grayscale reports net assets of $2.09B, 16% of the Ethereum ETF total and the 2nd largest of 11 by size.

Holders of ETH are behind: their average entry of $3,054 sits above the 30 Oct 2026 close of $2,257, a paper loss of −26.1% (−$729.3M), 8th of 11 Ethereum ETFs by result.

In the last 30 trading days to 30 Oct 2026 it took in $63.9M, 2nd of 11 Ethereum ETFs over that stretch; the whole Ethereum group lost $962.2M.

ETH's fee of 0.15% is below the Ethereum ETF median of 0.21%: 2nd cheapest of 11. The cheapest is MSSE at 0.14%.

Mind the symbol: ETH here is the fund, not the coin. The Grayscale Ethereum Mini Trust trades under the same letters as Ethereum itself, so prices on this page are for ETF shares, not for one Ethereum. ETH is the Grayscale Mini Trust that sits next to ETHE: same coin, same issuer, 0.15% a year against 2.50% for ETHE. ETH is a staking fund: it stakes Ethereum it holds to earn network rewards. Among Ethereum ETFs, ETHB, FETH, TETH, MSSE and ETHE also stake. Grayscale also runs another Ethereum ETF, ETHE.

Inflow days outnumber outflow days 206 to 103 in our record since 23 Jul 2024, with 250 flat days. The record day brought in $99.8M on 29 Sep 2025; the heaviest redemptions, $88.5M, came on 19 Aug 2025. As of 30 Oct 2026, ETH is on a 2-day outflow run worth $39.7M. Its best calendar month was Jul 2025 ($459.0M in); its worst, Nov 2025 ($91.0M out).

Figures as of 30 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

ETH ETF — FAQ

When did ETH start trading?

ETH began trading as an ETF on 23 Jul 2024. It is Grayscale's lower-fee Mini Trust next to ETHE.

Is ETH cheaper than other Ethereum ETFs?

Yes. ETH charges 0.15% a year. Across 11 Ethereum ETFs the fee runs from 0.14% to 2.50%, with a median of 0.21%; ETH is 2nd from the cheapest.

How much has flowed into ETH since launch?

Net inflow of $2.00B from 23 Jul 2024 to 30 Oct 2026, 3rd of 11 Ethereum ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are ETH holders in profit?

No, on paper they are at a loss. Our estimate of their average entry is $3,054 per ETH; the 30 Oct 2026 close was $2,257, a result of −26.1% (−$729.3M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for ETH?

The largest net inflow was $99.8M on 29 Sep 2025. The largest net outflow was $88.5M on 19 Aug 2025. Counted over 559 trading days through 30 Oct 2026.

Does ETH stake its Ethereum?

Yes. ETH is one of the staking Ethereum ETFs on our list, together with ETHB, FETH, TETH, MSSE and ETHE. Rewards are earned inside the fund; Grayscale's fund page has the current staking share and reward terms.

Is ETH the ETF or the coin?

On this page ETH is the Grayscale Ethereum Mini Trust, a fund share listed in the US. It uses the same symbol as Ethereum, but its price is the price of one share ($21.35 at the 30 Oct 2026 close), not of one coin.

Who owns the most ETH?

Grayscale issues ETH; the shares are owned by investors. Among institutions filing Form 13F, the largest ETH holder on June 30, 2026 was Morgan Stanley with 5.1M shares worth $76.9M, followed by Kaleidoscope Capital ($62.6M) and Susquehanna International ($49.8M). In total 260 institutions reported ETH, worth $415M.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.