ETHE on NYSE
Grayscale Ethereum Staking ETF
American commodity contracts brokers and dealers company based in Stamford. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerETHE on NYSE1
- IndustryCommodity Contracts Brokers & Dealers1
- HeadquartersStamford, Connecticut1
- Incorporated inDE2
- Business address290 Harbor Drive, 4Th Floor, Stamford, Ct 069022
- Filer categoryLarge accelerated filer2
- Legal formBusiness Trust
- Kind of organizationInvestment fund1
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Grayscale Ethereum Staking ETF (formerly known as Grayscale Ethereum Trust ETF) (the “Trust”) is a Delaware Statutory Trust that was formed on December 13, 2017, by the filing of the Certificate of Trust with the Delaware Secretary of State in accordance with the provisions of the Delaware Statutory Trust Act. The Trust’s purpose is to hold Ethereum tokens (“Ether”), which are digital assets that are created and transmitted through the operations of the peer-to-peer Ethereum Network, a decentralized network of computers that operates on cryptographic protocols.3 From its latest annual report
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 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Staking Reward income | $12.2M | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Total Investment income | $12.2M | $0 | $0 |
| Sponsor's Fee, related party | $86.1M | $182.6M | $134.5M |
| Sponsor's Staking Fee, related party | $2.5M | $0 | $0 |
| Net expenses | $88.6M | $182.6M | $134.5M |
| Net investment loss | -$76.5M | -$182.6M | -$134.5M |
| Net Realized Gain on Investment in Ether Sold to Pay Expenses | $68.7M | $157.6M | $103.0M |
| Net realized gain on investment in Ether sold for redemption of Shares | $1.7B | $3.1B | $0 |
| Net realized gain on investment in Ether sold for Initial Distribution (Return of Capital) | $0 | $888.1M | $0 |
| Net change in unrealized appreciation/depreciation on investment in Ether | -$2.3B | -$1.4B | $3.1B |
| Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether | $181.0K | $0 | $0 |
| Net realized and unrealized (loss) gain on investment | -$542.3M | $2.8B | $3.2B |
| Net (decrease) increase in net assets resulting from operations | -$618.8M | $2.6B | $3.1B |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Staking Reward income | $12.2M | $0 | $0 | $0 | ||||
| Investment income | $0 | $0 | $0 | $0 | ||||
| Total Investment income | $12.2M | $0 | $0 | $0 | ||||
| Sponsor's Fee, related party | $2.5M | $27.2M | $15.6M | $21.8M | $29.7M | $38.0M | $61.4M | $53.5M |
| Sponsor's Staking Fee, related party | $2.5M | $0 | $0 | $0 | ||||
| Net investment loss | -$11.8M | -$27.2M | -$15.6M | -$21.8M | -$29.7M | -$38.0M | -$61.4M | -$53.5M |
| Net Realized Gain on Investment in Ether Sold to Pay Expenses | $16.0M | $22.5M | $12.1M | $18.1M | $25.6M | $32.4M | $53.8M | $45.8M |
| Net realized gain on investment in Ether sold for redemption of Shares | $522.6M | $530.2M | $153.5M | $504.4M | $648.2M | $2.5B | $0 | $0 |
| Net realized gain on investment in Ether sold for Initial Distribution (Return of Capital) | $0 | $888.1M | $0 | $0 | ||||
| Net change in unrealized appreciation/depreciation on investment in Ether | -$1.8B | $1.3B | $604.5M | -$2.5B | $498.7M | -$5.2B | -$687.7M | $4.0B |
| Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether | $181.0K | $0 | $0 | $0 | ||||
| Net realized and unrealized (loss) gain on investment | -$1.2B | $1.9B | $770.0M | -$2.0B | $1.2B | -$1.8B | -$633.9M | $4.0B |
| Net (decrease) increase in net assets resulting from operations | -$1.2B | $1.8B | $754.4M | -$2.0B | $1.1B | -$1.8B | -$695.3M | $4.0B |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in Ether, at fair value (cost $899,990 and $608,668 as of December 31, 2025 and 2024, respectively) | $2.7B | $4.7B | $6.8B | $3.6B |
| Total assets | $2.7B | $4.7B | ||
| Sponsor's Staking Fee payable, related party | $2.3M | $0 | ||
| Sponsor's fee payable, related party | $0 | $0 | ||
| Total liabilities | $2.3M | $0 | ||
| Net assets | $2.7B | $4.7B | $6.8B | $3.6B |
| Shares issued and outstanding, no par value (unlimited Shares authorized) | 110.9M shares | 169.1M shares | ||
| Shares issued and outstanding, no par value (unlimited Shares authorized) | 110.9M shares | 169.1M shares | ||
| Principal Market NAV per share | $24.38 | $28.01 | $21.79 | $11.77 |
| Cost of investment in Ether at fair value | $900.0M | $608.7M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in Ether, at fair value (cost $899,990 and $608,668 as of December 31, 2025 and 2024, respectively) | $2.7B | $4.7B | $6.8B | $3.6B |
| Total assets | $2.7B | $4.7B | ||
| Sponsor's Staking Fee payable, related party | $2.3M | $0 | ||
| Sponsor's fee payable, related party | $0 | $0 | ||
| Total liabilities | $2.3M | $0 | ||
| Net assets | $2.7B | $4.7B | $6.8B | $3.6B |
| Shares issued and outstanding, no par value (unlimited Shares authorized) | 110.9M shares | 169.1M shares | ||
| Shares issued and outstanding, no par value (unlimited Shares authorized) | 110.9M shares | 169.1M shares | ||
| Principal Market NAV per share | $24.38 | $28.01 | $21.79 | $11.77 |
| Cost of investment in Ether at fair value | $900.0M | $608.7M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (decrease) increase in net assets resulting from operations | -$618.8M | $2.6B | $3.1B |
| Purchases of Ether | -$743.9M | -$14.7M | |
| Proceeds from Ether sold to pay redemptions | $2.2B | $3.6B | |
| Proceeds from Ether sold to pay expenses | $86.1M | $182.6M | |
| Ether received as Staking Rewards | -$12.2M | $0 | |
| Net realized gain | -$1.8B | -$4.2B | |
| Net change in unrealized appreciation/depreciation on investment in Ether | $2.3B | $1.4B | -$3.1B |
| Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee | -$181.0K | $0 | |
| Sponsor's Staking Fee payable, related party | $2.5M | $0 | |
| Net cash provided by operating activities | $1.4B | $3.6B | |
| Proceeds from issuance of capital shares | $743.9M | $14.7M | |
| Payments for capital shares redeemed | -$2.2B | -$3.6B | |
| Net cash used in financing activities | -$1.4B | -$3.6B | |
| Net increase (decrease) in cash | $0 | $0 | |
| Transfer of Ether to pay for Sponsor's Fee | $86.1M | $182.6M | |
| Ether received as Staking Rewards | $12.2M | $0 | |
| Transfer of Ether used for Initial Distribution (Return of Capital) | $0 | $1.0B |
No quarter-by-quarter statement was filed.
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Filings
200 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 3 private raises, 124 other. The latest 20:
- Aug 7, 202610-Q EDGAR
- Aug 7, 2026424B3 EDGAR
- Aug 7, 20268-K EDGAR
- Jul 17, 2026424B3 EDGAR
- Jul 17, 20268-K EDGAR
- Jul 2, 20268-K EDGAR
- May 8, 202610-Q EDGAR
- Apr 23, 2026FWP EDGAR
- Apr 7, 20268-K EDGAR
- Mar 27, 2026424I EDGAR
- Mar 16, 20268-K EDGAR
- Feb 25, 202610-K EDGAR
- Jan 6, 2026FWP EDGAR
- Jan 5, 2026FWP EDGAR
- Jan 5, 2026FWP EDGAR
- Jan 5, 20268-K EDGAR
- Dec 23, 20258-K EDGAR
- Dec 23, 20258-K EDGAR
- Dec 11, 2025FWP EDGAR
- Dec 3, 20258-K EDGAR
The 200 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.
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 14, 2017Raised $1.3 billion in a private offering of securities Form D: 591 investors so far Form D
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.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 14, 2021 | Patrick J Toomey, Senate | Buy | $1,001 - $15,000 | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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