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 110 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% | 368.03M | Apr 2026 | ETHE vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | ETHE vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | ETHE vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 331.89M | Jan 2024 | ETHE vs EZBC | |
| Franklin Solana ETF | 0.19% | 8.80M | Dec 2025 | ETHE vs SOEZ |
Best Risk-Adjusted Alternatives to ETHE
ETHE has a PortfoliosLab risk / return rank of 5. There are 25 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | ETHE vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 47 | 395.17M | Feb 2022 | ETHE vs WGMI | |
| ProShares Short Bitcoin ETF | 47 | 115.79M | Jun 2022 | ETHE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 42 | 158.01M | Apr 2024 | ETHE vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 36 | — | Jul 2024 | ETHE vs BTCZ |
Top Performing ETHE Alternatives (YTD)
ETHE is at -35.60% YTD. There are 70 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 38.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 38.49% | 395.17M | Feb 2022 | ETHE vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 31.69% | 158.01M | Apr 2024 | ETHE vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 26.96% | — | Jul 2024 | ETHE vs BTCZ | |
| Grayscale Zcash Trust (ZEC) | 26.89% | — | Oct 2017 | ETHE vs ZCSH | |
| ProShares Short Ether Strategy ETF | 26.37% | 17.31M | Nov 2023 | ETHE vs SETH |
Lowest Volatility Alternatives to ETHE
ETHE has 68.31% 1-year volatility. There are 78 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.00% | — | Oct 2025 | ETHE vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.73% | — | Oct 2025 | ETHE vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.68% | — | Oct 2025 | ETHE vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.91% | — | Oct 2025 | ETHE vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.94% | 7.63M | Sep 2025 | ETHE vs BFOC |
Lowest Drawdown Alternatives to ETHE
ETHE has a 1-year max drawdown of -68.17%. There are 54 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.57M | Aug 2022 | ETHE vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | ETHE vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | ETHE vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 115.79M | Jun 2022 | ETHE vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.04% | 1.48M | Mar 2024 | ETHE vs BTRN |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, GDLC, GFOF and span 3 categories. AUM among these funds goes as high as $9B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 2 | -26.36% | 8.67B | Jan 2024 | ETHE vs GBTC | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -29.02% | 317.85M | Feb 2018 | ETHE vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | ETHE vs GFOF | |
| Grayscale Litecoin Trust | Cryptocurrency | 3 | -44.34% | — | Aug 2020 | ETHE vs LTCN | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 3 | -30.61% | 80.16M | Feb 2021 | ETHE vs GLNK | |
| Grayscale Bitcoin Miners ETF | Blockchain | 19 | 20.58% | 20.37M | Jan 2025 | ETHE vs MNRS | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 2 | -38.98% | 141.12M | Apr 2017 | ETHE vs ETCG | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 101.54M | Nov 2021 | ETHE vs GSOL | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -44.62% | 22.83M | Feb 2026 | ETHE vs GSUI | |
| Grayscale Ethereum Covered Call ETF | Cryptocurrency | — | -35.03% | 4.17M | Sep 2025 | ETHE vs ETCO |
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