ETH on NYSE

Ethereum

Logo: GitR0n1n, Public domain, via Wikimedia Commons4

Open-source blockchain computing platform

Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform.3 It was founded by Mihai Alisie, Vitalik Buterin and Gavin Wood.1 It is headquartered in Switzerland.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

Jul 30, 2015Founded1

Compare with another stock.

  • TickerETH on NYSE1
  • IndustryCommodity Contracts Brokers & Dealers1
  • HeadquartersSwitzerland1
  • Websitewww.ethereum.org
  • Listed onBinance (ETH), GDAX, eToro (ETH)1
  • Business address290 Harbor Drive, 4Th Floor, Stamford, Ct 069025
  • Filer categoryLarge accelerated filer5
  • Kind of organizationCryptocurrency1

See how the biggest companies compare on our leaderboards

Ethereum
Photo: Wikideas1, Public domain, via Wikimedia Commons6

Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Every line of the income statement as filed: the last 1 fiscal year (annual) or 6 quarters (quarterly), latest first.7

Period ending2025-12-31
Staking Reward income$8.1M
Investment income$0
Total Investment income$8.1M
Sponsor's Staking Fee, related party$249.0K
Sponsor's Fee, related party$2.8M
Gross expenses$3.1M
Sponsor's Fee Waiver, related party-$143.0K
Net expenses$2.9M
Net investment gain$5.1M
Net realized loss on investment in Ether sold to pay expenses-$168.0K
Net realized gain (loss) on investment in Ether sold for redemption of Shares$15.8M
Net change in unrealized appreciation/depreciation on investment in Ether-$338.5M
Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether$18.0K
Net realized and unrealized (loss) gain on investment-$322.8M
Net (decrease) increase in net assets resulting from operations-$317.7M

Compare Ethereum with another company

The story

Founded by Gavin Wood, Mihai Alisie and Vitalik Buterin on Jul 30, 2015.1

Leadership

Who has led Ethereum, and when. Pick a name to see everywhere that person has worked.

Former names

  • Grayscale Ethereum Mini Trust ETFNov 4, 2024 to Dec 23, 20255
  • Grayscale Ethereum Mini Trust (ETH)Apr 23, 2024 to Nov 1, 20245

Timeline

  1. Aug 7, 20268-K Entered a material agreement10
  2. Jul 17, 20268-K Other events11
  3. Jul 2, 20268-K Executive or director change12
  4. Apr 7, 20268-K Other events13
  5. Mar 16, 20268-K Other events14
  6. Feb 6, 20268-K Entered a material agreement15
  7. Jan 5, 20268-K Entered a material agreement16
  8. Dec 23, 20258-K Other events17
  9. Dec 23, 20258-K Other events18
  10. Dec 3, 20258-K Other events19
  11. Oct 24, 20258-K Other events20
  12. Oct 14, 20258-K Executive or director change21
  13. Jul 30, 2015Founded Founded1

Filings

95 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 25 major events, 61 other. The latest 20:

  1. Aug 7, 202610-Q EDGAR
  2. Aug 7, 2026424B3 EDGAR
  3. Aug 7, 20268-K EDGAR
  4. Jul 17, 2026424B3 EDGAR
  5. Jul 17, 20268-K EDGAR
  6. Jul 2, 20268-K EDGAR
  7. May 8, 202610-Q EDGAR
  8. Apr 23, 2026FWP EDGAR
  9. Apr 7, 20268-K EDGAR
  10. Mar 27, 2026424I EDGAR
  11. Mar 19, 2026FWP EDGAR
  12. Mar 16, 20268-K EDGAR
  13. Feb 25, 202610-K EDGAR
  14. Feb 6, 20268-K EDGAR
  15. Feb 2, 2026144 EDGAR
  16. Jan 6, 2026FWP EDGAR
  17. Jan 6, 2026FWP EDGAR
  18. Jan 5, 2026FWP EDGAR
  19. Jan 5, 2026FWP EDGAR
  20. Jan 5, 2026FWP EDGAR

The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Morgan Stanley5,119,241$76.9M0.0%+351,560
Kaleidoscope Capital LP4,165,451$62.6M23.1%+2,795,023
Susquehanna International Group, Llp3,311,777$49.8M0.0%−2,007,165
Mangrove Partners Im, LLC2,232,656$33.6M2.2%−1,320,029
IMC-Chicago, LLC2,182,187$32.8M0.3%−73,580
Goldman Sachs Group Inc2,027,713$30.5M0.0%New
Jane Street Group, LLC900,350$13.5M0.0%+565,831
Sloy Dahl & Holst, LLC865,953$13.0M1.6%+118,403
Tidal Investments LLC513,097$7.7M0.0%−196
Verde Capital Management320,336$4.8M0.9%+142,218
Qube Research & Technologies Ltd260,884$3.9M0.0%New
Matauro, LLC205,649$3.1M0.4%+22,960
Haven Private, LLC195,797$2.9M1.1%+332
Compass Financial Management LLC194,851$2.9M0.4%New
Trustees of Dartmouth College178,148$2.7M0.8%No change
Pasadena Private Wealth, LLC176,572$2.7M0.3%+44,850
Wolverine Asset Management LLC175,816$2.6M0.1%−1,206,251
Fielder Capital Group LLC160,173$2.4M0.5%−9,690
Hbk Investments L P152,621$2.3M0.0%−158,520
Reliant Wealth Planning132,523$2.0M0.5%+10,653
Captrust Financial Advisors119,136$1.8M0.0%−4,556
Mariner, LLC113,320$1.7M0.0%−3,513
LPL Financial LLC113,284$1.7M0.0%+11,550
IronBridge Private Wealth, LLC101,781$1.5M0.5%+1,376
Aries Wealth Management100,397$1.5M0.3%+6,095

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Ethereum is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGrayscale Ethereum Staking Mini ETF2
  • CIK0002020455
  • Employer ID (EIN)99-644788022
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company22
  • Incorporated inDelaware22
  • Fiscal year endsDecember 312
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers2
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
  • Business address290 Harbor Drive, 4Th Floor, Stamford, CT 069022
  • Phone(212) 668-14272
  • Shares outstanding88,040,788 as of Aug 3, 20269
  • Public float$1.3B as of Jun 30, 202522
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; it also attests to the company’s internal control over financial reporting22
  • On EDGAR sinceApr 23, 20242
  • Filings95 in all: FWP (29), 8-K (25), 424B3 (9), 10-Q (7), S-1/A (5), CORRESP (3), EFFECT (3), 10-K (2)2
    All 17 form types

    424I (2), POS AM (2), UPLOAD (2), 144 (1), 8-A12B (1), CERT (1), DEF 14A (1), PRE 14A (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Sep 2, 2025
    Latest 8-K (8-K) Aug 7, 2026

Securities registered for trading

ClassSymbolExchange
Grayscale Ethereum Staking Mini ETF SharesETHNYSE Arca, Inc.

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).22

Risk factors and legal proceedings

The risks Ethereum names in Item 1A of its 10-K filed Feb 25, 2026: 79 risks under these headings, as written.22

  • The risk factors below should be read in conjunction with the other information included in this Annual Report on Form 10-K, including the Trust’s financial statements and related notes thereto, and our other filings with the SEC.
  • The trading prices of many digital assets, including Ether, have experienced extreme volatility and may continue to do so. Extreme volatility in the future, including declines in the trading prices of Ether, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • Digital assets such as Ether were only introduced within the past two decades, and the medium-to-long term value of the Shares is subject to a number of factors relating to the capabilities and development of blockchain technologies and to the fundamental investment characteristics of digital assets.
  • Digital assets represent a relatively new and rapidly evolving industry, and the value of the Shares depends on the acceptance of Ether.
  • Smart contracts are a new technology and ongoing development may magnify initial problems, cause volatility on the networks that use smart contracts and reduce interest in them, which could have an adverse impact on the value of Ether.
  • Layer 2 solutions on the Ethereum Network were only recently conceived and may not properly function as intended, which could have an adverse impact on the value of Ether and an investment in the Shares.
  • Changes in the governance of a digital asset network or protocol may not receive sufficient support from users and validators, which may negatively affect that digital asset network’s or protocol’s ability to grow and respond to challenges.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital asset networks are developed by a diverse set of contributors and the perception that certain high-profile contributors will no longer contribute to the network could have an adverse effect on the market price of the related digital asset.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets, or any ability to participate in or otherwise influence a digital asset’s underlying network, could have an adverse effect on the market price of such digital asset.
  • Validators may suffer losses due to Staking, or Staking may prove unattractive to validators, which could adversely affect the Ethereum Network.
  • If the digital asset reward or transaction fees for recording transactions on the Ethereum Network are not sufficiently high to incentivize validators, or if certain jurisdictions continue to limit or otherwise regulate validating activities, validators may cease expanding validating power or demand high transaction fees, which could negatively impact the value of Ether and the value of the Shares.
The other 67 risks
  • If a malicious actor or botnet obtains control of more than 33% of the validating power on the Ethereum Network, or otherwise obtains control over the Ethereum Network through its influence over core developers or otherwise, such actor or botnet could manipulate the Blockchain to adversely affect the value of the Shares or the ability of the Trust to operate.
  • A temporary or permanent “fork” or a “clone” could adversely affect the value of the Shares.
  • In the event of a hard fork of the Ethereum Network, the Sponsor will, if permitted by the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
  • Any name change and any associated rebranding initiative by the core developers of Ether may not be favorably received by the digital asset community, which could negatively impact the value of Ether and the value of the Shares.
  • If the Ethereum Network is used to facilitate illicit activities, businesses that facilitate transactions in Ether could be at increased risk of criminal or civil lawsuits, or of having services cut off, which could negatively affect the price of Ether and the value of the Shares.
  • Recent developments in the digital asset economy have led to extreme volatility and disruption in digital asset markets, a loss of confidence in participants of the digital asset ecosystem, significant negative publicity surrounding digital assets broadly and market-wide declines in liquidity.
  • The value of the Shares relates directly to the value of Ether, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
  • Due to the largely unregulated nature and lack of transparency surrounding the operations of Digital Asset Trading Platforms, they may experience fraud, market manipulation, business failures, security failures or operational problems, which may adversely affect the value of Ether and, consequently, the value of the Shares.
  • Digital Asset Trading Platforms may be exposed to front-running.
  • Digital Asset Trading Platforms may be exposed to wash-trading.
  • The Index has a limited history and a failure of the Index Price could adversely affect the value of the Shares.
  • The Index Price used to calculate the value of the Trust’s Ether may be volatile, and purchasing and selling activity in the Digital Asset Markets associated with Basket creations and redemptions may affect the Index Price and Share trading prices, adversely affecting the value of the Shares.
  • Competition from the emergence or growth of other digital assets could have a negative impact on the price of Ether and adversely affect the value of the Shares.
  • Congestion or delay on the Ethereum Network may delay purchases or sales of Ether by the Trust.
  • The SEC has approved generic listing standards for commodity-based trust shares and may approve other applications under Rule 19b-4 of the Exchange Act to list competing digital assets as exchange-traded products, which could reduce demand for, and the price of, Ether and adversely impact the value of the Shares.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the price of Ether and other digital assets.
  • Prices of Ether may be affected due to stablecoins (including Tether and USDC), the activities of stablecoin issuers and their regulatory treatment.
  • The Trust relies on third-party service providers to perform certain functions essential to the affairs of the Trust and the replacement of such service providers could pose challenges to the safekeeping of the Trust’s Ether and to the operations of the Trust.
  • The liquidity of the Shares may be affected if Authorized Participants cease to perform their obligations under the Participant Agreements or the Liquidity Engager is unable to engage Liquidity Providers.
  • The Shares may trade at a price that is at, above or below the Trust’s NAV per Share as a result of the non-concurrent trading hours between NYSE Arca and the Digital Asset Trading Platform Market.
  • Any suspension or other unavailability of the Trust’s redemption program may cause the Shares to trade at a discount to the NAV per Share.
  • Shareholders may suffer a loss on their investment if the Shares trade above or below the Trust’s NAV per Share.
  • The amount of the Trust’s assets represented by each Share will decline over time as the Trust pays the Sponsor’s Fee and Additional Trust Expenses, and as a result, the value of the Shares may decrease over time.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of Ether.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act or the protections afforded by the CEA.
  • There is no guarantee that an active trading market for the Shares will continue to develop.
  • As the Sponsor and its management have limited history of operating investment vehicles like the Trust, their experience may be inadequate or unsuitable to manage the Trust.
  • Security threats to the Trust’s Vault Balance or Settlement Balance could result in the halting of Trust operations, including the creation and redemption of Baskets, and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the value of the Shares.
  • Ether transactions are irrevocable and stolen or incorrectly transferred Ether may be irretrievable. As a result, any incorrectly executed Ether transactions could adversely affect the value of the Shares.
  • The lack of full insurance and shareholders’ limited rights of legal recourse against the Trust, Trustee, Sponsor, Transfer Agent and Custodial Entities expose the Trust and its shareholders to the risk of loss of the Trust’s Ether for which no person or entity is liable.
  • The Trust may be required, or the Sponsor may deem it appropriate, to terminate and liquidate at a time that is disadvantageous to shareholders.
  • The Trust Agreement includes provisions that limit shareholders’ voting rights and restrict shareholders’ right to bring a derivative action.
  • The Sponsor is solely responsible for determining the value of the NAV and NAV per Share and any errors, discontinuance or changes in such valuation calculations may have an adverse effect on the value of the Shares.
  • Extraordinary expenses resulting from unanticipated events may become payable by the Trust, adversely affecting the value of the Shares.
  • The Trust’s delivery or sale of Ether to pay expenses or other operations of the Trust could result in shareholders’ incurring tax liability without an associated distribution from the Trust.
  • The value of the Shares will be adversely affected if the Trust is required to indemnify the Sponsor, the Trustee, the Transfer Agent or the Custodian under the Trust Documents.
  • Intellectual property rights claims may adversely affect the Trust and the value of the Shares.
  • Pandemics, epidemics and other natural and man-made disasters could negatively impact the value of the Trust’s holdings and/or significantly disrupt its affairs.
  • The limited ability to facilitate in-kind creations and redemptions of Shares could have adverse consequences for the Trust.
  • Shareholders will not receive the benefits of any forks or airdrops.
  • Although the Trust is permitted to engage in Staking, the Trust will not be permitted to engage in any different form of Staking unless (and, then, only to the extent that) the Staking Condition is satisfied in addition to the Trust satisfying any additional requirements that may arise in connection with the satisfaction of the Staking Condition, which could negatively affect the value of the Shares.
  • Coinbase Global serves as the Ether custodian and prime execution agent for several competing exchange-traded Ether products, which could adversely affect the Trust’s operations and ultimately the value of the Shares.
  • Certain of the Authorized Participants engaged by the Trust may serve in a similar capacity for competing exchange-traded Ether products, which could adversely affect the arbitrage mechanism, the Trust’s operations, the performance of the Trust and ultimately the value of the Shares.
  • Shareholders that are not Authorized Participants may only purchase or sell their Shares in secondary trading markets, and the conditions associated with trading in secondary markets may adversely affect investors’ investment in the Shares.
  • A determination that Ether or any other digital asset is a “security” may adversely affect the value of Ether and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Trust.
  • Regulatory changes or actions by the U.S. Congress or any U.S. federal or state agencies may affect the value of the Shares or restrict the use of Ether, validating activity or the operation of the Ethereum Network or the Digital Asset Markets in a manner that adversely affects the value of the Shares.
  • Competing industries may have more influence with policymakers than the digital asset industry, which could lead to the adoption of laws and regulations that are harmful to the digital asset industry.
  • Regulatory changes or other events in foreign jurisdictions may affect the value of the Shares or restrict the use of one or more digital assets, validating activity or the operation of their networks or the Digital Asset Trading Platform Market in a manner that adversely affects the value of the Shares.
  • If regulators subject an Authorized Participant, the Trust or the Sponsor to regulation as a money service business or money transmitter, this could result in extraordinary expenses to the Authorized Participant, the Trust or the Sponsor and also result in decreased liquidity for the Shares.
  • Statutory or regulatory changes or interpretations could obligate the Trust or the Sponsor to register and comply with new regulations, resulting in potentially extraordinary, nonrecurring expenses to the Trust.
  • The treatment of the Trust for U.S. federal income tax purposes is uncertain.
  • The treatment of digital assets for U.S. federal income tax purposes is uncertain.
  • Future developments regarding the treatment of digital assets for U.S. federal income tax purposes could adversely affect the value of the Shares.
  • Future developments in the treatment of digital assets for tax purposes other than U.S. federal income tax purposes could adversely affect the value of the Shares.
  • The tax treatment of Ether and transactions involving Ether for state and local tax purposes is not settled.
  • A U.S. tax-exempt shareholder may recognize “unrelated business taxable income” as a consequence of an investment in Shares.
  • Shareholders may be subject to withholding tax on Staking Consideration received as staking rewards and income derived from forks, airdrops and similar occurrences.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust. The Sponsor and its affiliates have no fiduciary duties to the Trust and its shareholders other than as provided in the Trust Agreement, which may permit them to favor their own interests to the detriment of the Trust and its shareholders.
  • DCG is a minority interest holder in Kraken, which operates one of the Digital Asset Trading Platforms included in the Index Price.
  • Shareholders cannot be assured of the Sponsor’s continued services, the discontinuance of which may be detrimental to the Trust.
  • Although the Custodian is a fiduciary with respect to the Trust’s assets, if the Custodian resigns or is removed by the Sponsor or otherwise, without replacement, it would trigger early termination of the Trust.
  • Shareholders may be adversely affected by the lack of independent advisers representing investors in the Trust.
  • Staking introduces a risk of loss of Ether, which could adversely affect the value of the Shares.
  • Staked Ether will be inaccessible for a variable period of time, determined by a range of factors, which could result in certain liquidity risk to the Trust.
  • The Trust will be dependent on third parties or intermediary technical systems to effectively execute the Trust’s Staking Arrangements.
  • The regulatory landscape surrounding Staking is uncertain.
  • Beneficial owners of Shares could incur tax liabilities without receiving corresponding distributions from the Trust.

Legal proceedings

Grayscale Operating, LLC, the former Co-Sponsor of the Trust until May 3, 2025, was a party to certain legal proceedings during the period covered by this report. Although the Trust is not a party to these proceedings, the Trust may in the future be subject to legal proceedings or disputes.

On May 19, 2025, Genesis Global Capital, LLC (“Genesis Capital”) and Genesis Asia Pacific Pte. Ltd. (“Genesis Asia”) filed a complaint in the United States Bankruptcy Court for the Southern District of New York (“SDNY Bankruptcy Court”) against Digital Currency Group, Inc. (“DCG”) and certain of its affiliates including GSO alleging that Genesis Capital made certain preferential transfers to GSI, the predecessor in interest to GSO prior to the Merger, during the preference period prior to Genesis Capital’s filing of a bankruptcy petition in SDNY Bankruptcy Court while GSI was allegedly an insider to Genesis Capital pursuant to 11 U.S.C. § 101(31). Genesis Capital seeks to avoid the alleged preferential transfers pursuant to 11 U.S.C. § 547(b), as well as recovery of property and disallowance of claims. Genesis Capital is seeking to avoid transfers to GSI, the predecessor in interest to GSO prior to the Merger, of 105 Bitcoin and 37,647.06 Ethereum Classic tokens. GSO believes this lawsuit is without merit and intends to vigorously defend against it.

As of the date of this Annual Report, the Sponsor does not expect the foregoing proceedings to have a material adverse effect on the Trust’s business, financial condition or results of operations.

The Sponsor and/or the Trust may be subject to additional legal proceedings and disputes in the future.

The opening of Item 3, Legal Proceedings.22

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
    SEC EDGAROther events
  12. 12
  13. 13
    SEC EDGAROther events
  14. 14
    SEC EDGAROther events
  15. 15
  16. 16
  17. 17
    SEC EDGAROther events
  18. 18
    SEC EDGAROther events
  19. 19
    SEC EDGAROther events
  20. 20
    SEC EDGAROther events
  21. 21
  22. 22