Grayscale Ethereum Trust ETF (NYSE Arca: ETHE) is a cryptocurrency investment product that holds Ethereum on behalf of shareholders, providing exposure to Ethereum's price performance through a publicly traded security. The Trust is sponsored by Grayscale Investments Sponsors, LLC. It generates revenue through a sponsor fee charged as a percentage of the Trust's net assets, deducted from the Ethereum held by the Trust. The Trust is listed on NYSE Arca and is structured to track the price of Ethereum, minus fees and expenses, without requiring investors to directly hold or custody digital assets. The filing was made for the fiscal year ended and filed on 2026-02-25 (accession 0001193125-26-071965). Beyond its exchange listing and sponsor structure, the filing excerpts provided do not supply sufficient detail to describe competitive positioning, asset under management figures, or fee rates.

Revenue model

Sponsor fee charged as a percentage of Trust net assets, deducted from Ethereum holdings held by the Trust on behalf of shareholders.

Products and services

Publicly traded Ethereum-backed trust security listed on NYSE Arca, providing investors with Ethereum price exposure without direct custody of digital assets.

Customers and end markets

Investors seeking Ethereum price exposure through a regulated, exchange-traded security without direct digital asset custody.

Value-chain role

Sponsor-managed investment trust; intermediary between Ethereum spot market and public securities investors.

Geographic exposure

United States; listed on NYSE Arca.

Source: SEC 10-K, filed 2026-02-25

Industry: Commodity Contracts Brokers & Dealers