# Grayscale Ethereum Staking ETF (ETHE)

> Source: Nexqual · https://nexqual.com/ETHE · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Grayscale Ethereum Staking ETF (ETHE), nexqual.com/ETHE" · informational, not investment advice.

**Price:** USD 19.18 (+0.37% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 19.11 · day 19.05–19.37 · 52w 12.36–34.81 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -39.7% vs S&P 500 +13.4%; 5Y -48.5% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Net income | -$7.70B | $3.11B | $2.59B | -$619M | -$564M |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -39.7% | -48.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -39.8% | -12.4% |
| Volatility (annualized) | 62.9% | 77.7% |
| Max drawdown | -63.1% (Oct 2025→Jun 2026) | -89.6% (Nov 2021→Dec 2022) |

## Peers
GBTC (Grayscale Bitcoin Trust (BTC)) USD 62.66 -0.25% · ETCG (Grayscale Ethereum Classic Trus) USD 3.81 +0.79% · LTCN (Grayscale Litecoin Trust (LTC)) USD 4.19 -3.63% · BITO (ProShares Bitcoin ETF) USD 10.83 -0.28% · GDLC (Grayscale CoinDesk Crypto 5 ETF) USD 36.57 -0.41%

## More
Full page: https://nexqual.com/ETHE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ETHE's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1725210/000119312526071965/ethe-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | FTX Trading | "For example, in November 2022, FTX, another of the world's largest Digital Asset Trading Platforms, filed for bankruptcy protection and subsequently halted customer withdrawals as well as trading on its FTX.US platform." |