Best Spot Ethereum ETFs Comparison 2025

Head-to-head analysis of the top four spot Ethereum ETFs: ETHA, FETH, ETHE, and ETH Mini Trust (data as of December 16, 2025).

Key Metrics Comparison

Metric	ETHA (BlackRock)	FETH (Fidelity)	ETHE (Grayscale)	ETH Mini Trust (Grayscale)
Expense Ratio	0.25%	0.25%	2.50%	0.15%
Approx. AUM	$16B+	$8B+	$3.5B+	$1.2B+
Liquidity / Volume	Highest	Very High	High	Growing
Recent Flows (Dec 2025)	Strong positive	Consistent positive	Minor outflows	Strong positive
Custodian	Coinbase	Fidelity (in-house)	Coinbase	Coinbase
Best For	Liquidity & size	Fidelity users	Legacy holders	Lowest long-term costs

Best Overall / Most Popular: ETHA – Dominates in AUM, liquidity, and inflows.
Best for Fidelity Customers: FETH – Seamless integration and strong performance.
Lowest Fees: ETH Mini Trust (0.15%) – Ideal for long-term holders focused on minimizing costs.
Avoid Unless Legacy: ETHE – High 2.50% fee drives outflows to cheaper alternatives.

All funds provide nearly identical exposure to spot Ethereum price (minus fees). The main differences come down to cost, liquidity, and issuer trust.

Links to individual reviews:

ETHA Details FETH Details ETHE Details ETH Mini Details

Not financial advice. Comparisons are informational only. Always conduct your own research and consult a financial advisor.