Grayscale Ethereum Staking ETF ETHE

Financials SIC 6221 - Commodity Contracts Brokers & Dealers NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Commodity Contracts Intermediation derived NYSE

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.

As of December 31, 2025, the Trust holds approximately 0.8% of the Ether in circulation. The size of the Trust's position does not itself enable the Sponsor or the Trust to participate in or otherwise influence the development of the Ethereum Network. As a decentralized digital asset network, the Ethereum Network consists of several stakeholders, including core developers of Ether, users, services, businesses, validators and other constituencies, of which the Trust is only one constituent. Furthermore, in contrast to other protocols in which token holders participate in the governance of the network, ownership of Ether confers no such rights.

Last close 19.18 2026-10-23
Market cap $1.81B 2026-06-30 share count
52-week range 12.36 - 34.33

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF1.3x
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total operating expenses $88.6M$182.6M$134.5M————
Net income -$618.8M$2.59B$3.11B-$7.70B———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets $2.71B$4.74B$6.76B$3.65B$11.35B$2.19B$63.5M
Total liabilities $2.3M$0$0$0$0$0$0

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $1.41B$3.63B—————
Financing cash flow -$1.41B-$3.63B—————
Buybacks $2.16B$3.65B—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071965.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B -5B 0 5B Net income, FY2022: -7.7B Net income, FY2023: 3.1B Net income, FY2024: 2.6B Net income, FY2025: -618.8M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — —
Gross profit — — — — — — —
Net income — — — -$7.70B $3.11B $2.59B -$618.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6221

TickerCompanyMarket capP/ERevenue growth
GLD SPDR GOLD TRUST $129.19B — —
IBIT iShares Bitcoin Trust ETF $59.81B — —
IAU ISHARES GOLD TRUST $59.26B — —
GLDM World Gold Trust $27.23B — —
SLV iShares Silver Trust $26.22B — —
ETHA iShares Ethereum Trust ETF $20.82B — —
GBTC Grayscale Bitcoin Trust ETF $10.79B — —
AGQ ProShares Trust II $6.92B — —