Grayscale Ethereum Trust ETF (ETHE) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ETHE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ETHE
ETHE charges 2.50% annually. There are 107 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | — | Apr 2026 | ETHE vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | ETHE vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | ETHE vs ETH | |
| Franklin Solana ETF | 0.19% | 9.25M | Dec 2025 | ETHE vs SOEZ | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | ETHE vs EZBC |
Best Risk-Adjusted Alternatives to ETHE
ETHE has a PortfoliosLab risk / return rank of 5. There are 22 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 92 | — | Oct 2017 | ETHE vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | ETHE vs WGMI | |
| iShares Blockchain and Tech ETF | 33 | 102.76M | Apr 2022 | ETHE vs IBLC | |
| REX Crypto Equity Premium Income ETF | 32 | — | Dec 2024 | ETHE vs CEPI | |
| ProShares Shrt Bitcoin ETF | 30 | 177.35M | Jun 2022 | ETHE vs BITI |
Top Performing ETHE Alternatives (YTD)
ETHE is at -39.63% YTD. There are 80 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 84.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 84.78% | 395.17M | Feb 2022 | ETHE vs WGMI | |
| ProShares UltraShort Ether ETF | 63.80% | 91.08M | Jun 2024 | ETHE vs ETHD | |
| Grayscale Zcash Trust (ZEC) | 41.32% | — | Oct 2017 | ETHE vs ZCSH | |
| ProShares Short Ether Strategy ETF | 40.93% | 20.06M | Nov 2023 | ETHE vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 37.02% | 203.71M | Apr 2024 | ETHE vs SBIT |
Lowest Volatility Alternatives to ETHE
ETHE has 68.31% 1-year volatility. There are 70 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 3.59M | Nov 2023 | ETHE vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.14% | — | Oct 2025 | ETHE vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.88% | — | Oct 2025 | ETHE vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.23% | — | Oct 2025 | ETHE vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.61% | 7.66M | Sep 2025 | ETHE vs BFOC |
Lowest Drawdown Alternatives to ETHE
ETHE has a 1-year max drawdown of -63.16%. There are 48 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.63% | 22.49M | Aug 2022 | ETHE vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | ETHE vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | ETHE vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.29% | 1.60M | Mar 2024 | ETHE vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | ETHE vs BITC |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GDLC, GFOF, GLNK and span 3 categories. AUM among these funds goes as high as $404M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -28.93% | 403.90M | Feb 2018 | ETHE vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | ETHE vs GFOF | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 4 | -33.27% | 87.49M | Feb 2021 | ETHE vs GLNK | |
| Grayscale Litecoin Trust | Cryptocurrency | 3 | -42.39% | — | Aug 2020 | ETHE vs LTCN | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 107.38M | Nov 2021 | ETHE vs GSOL | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 3 | -35.40% | 141.12M | Apr 2017 | ETHE vs ETCG | |
| Grayscale Ethereum Covered Call ETF | Cryptocurrency | — | -33.38% | 5.38M | Sep 2025 | ETHE vs ETCO | |
| Grayscale Bitcoin Miners ETF | Blockchain | 45 | 66.15% | 12.00M | Jan 2025 | ETHE vs MNRS | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -39.93% | 25.37M | Feb 2026 | ETHE vs GSUI | |
| Grayscale Bitcoin Covered Call ETF | Cryptocurrency | 2 | -20.81% | 35.41M | Apr 2025 | ETHE vs BTCC |
Often Compared With ETHE
Investors most often compare ETHE with ETHA, ETH-USD, FETH. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare ETHE with Any Fund or Stock
Compare ETHE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ETHE with funds that move differently
Grayscale Ethereum Trust ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETHE.
Explore ETHE Diversifiers