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ETHE ETF — Grayscale Ethereum Trust ETF
Grayscale Ethereum Trust ETF (ETHE)
Updated October 16, 2026.
Verdict as of October 19, 2026
ETHE's distribution is rated elevated risk by the Dividend Vision Distribution Safety Score™ (35/100, medium confidence). It pays monthly and its distribution rate is 1.99%. The latest total cash payment per current share, $0.032 with an ex-date of October 5, 2026, was 23.6% higher than the previous $0.0259. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Grayscale Investments page for ETHE, Section 19a-1 notices, scoring methodology.
ETHE is an ETF linked to Ethereum (ETH). its distribution rate is 1.99%, its trailing-12-month yield is 1.54%, its expense ratio is 2.50%. Dividend Vision Distribution Safety Score™ is 35/100 (Elevated risk). Total return is 231.2% over the past 7.3 years, 36.8 points ahead of SPY at 194.4%.
Grayscale Ethereum Trust ETF is a fund that provides exposure to the price of ether (ETH), the cryptocurrency underlying the Ethereum blockchain, through a spot-based structure that holds ether directly. The fund distributes monthly and carries a moderate current distribution rate along with a 2.50% expense ratio. It appeals to investors seeking convenient cryptocurrency exposure within a traditional fund wrapper, rather than holding ether directly.
ETHE dividend yield and income
Price as of 2026-10-16.
The distribution rate (1.99%) uses calculation basis unavailable. Trailing-12-month yield (1.54%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.03202. The ex-dividend date is 10/05/2026. The payment date is 10/06/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-05 | $0.03202 | 23.6% Total cash (unclassified) |
| 2026-09-03 | $0.0259 | 19.4% Total cash (unclassified) |
| 2026-08-04 | $0.0217 | -0.9% Total cash (unclassified) |
| 2026-07-07 | $0.0219 | 12.3% Total cash (unclassified) |
| 2026-06-03 | $0.01951 | -20.6% Total cash (unclassified) |
| 2026-05-05 | $0.02458 | 7.9% Total cash (unclassified) |
| 2026-04-07 | $0.02279 | 8.5% Total cash (unclassified) |
| 2026-03-03 | $0.02101 | -18.3% Total cash (unclassified) |
| 2026-02-03 | $0.02571 | -69.1% Total cash (unclassified) |
| 2026-01-05 | $0.08318 | — |
| 2026 YTD total | $0.2983 | — |
ETHE holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: ETHA (physical holdings below may be collateral and options, not the reference asset itself).
ETHE performance versus SPY
Price and return data through 2026-10-16.
Total return is 231.2% over the past 7.3 years, 36.8 points ahead of SPY at 194.4%. Over the past year its total return — price change plus distributions reinvested — is -38.2%. Its deepest 1-year drawdown was 63.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.2% | — |
| 3M | 28.4% | — |
| 6M | 1.7% | — |
| YTD | -19.4% | — |
| 1Y | -38.2% | — |
| 2Y CAGR | — | -5.60% |
| 3Y CAGR | — | 23.80% |
| 5Y CAGR | — | -8.90% |
| Since inception (7.3 years) | 231.2% | 17.70% |
ETHE key facts
- Distribution Safety Score™
- 35 · Elevated risk
- Safety-Adjusted Yield
- 0.70%
- Issuer
- Grayscale Investments
- Asset type
- ETF
- Asset class
- Crypto
- Inception date
- 12/14/2017
- Expense ratio
- 2.50%
- Distribution rate
- 1.99%
- Distribution frequency
- Monthly
- Trailing yield
- 1.54%
- Last close
- $19.34 (stale; as of 2026-10-16)
- AUM
- $1,687,814,346
- Average volume
- 2331200.0
- Dividend
- $0.03202
- Ex-dividend date
- 10/05/2026
- Payment date
- 10/06/2026
- Beta
- 3.0387
How Dividend Vision calculates yield and returns
Distribution rate (1.99%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.54%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Grayscale Investments or company page; Index: Ethereum (ETH); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
ETHE risks and drawbacks
ETHE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. The deepest 1-year drawdown on record here is 63.1%.
Who may consider ETHE — and who may not
It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on ETHE
Frequently asked questions
Does ETHE pay monthly?
Yes. ETHE currently pays monthly.
What is ETHE linked to?
ETHE is linked to Ethereum (ETH), not a broad market index.
What is ETHE's expense ratio?
ETHE's expense ratio is 2.50%.
What is ETHE's dividend yield?
ETHE's distribution rate is 1.99%, paid monthly, with a 2.50% expense ratio — calculation basis unavailable.
When does ETHE pay a dividend?
ETHE pays monthly. The dividend amount is $0.03202. The ex-dividend date is 10/05/2026. The payment date is 10/06/2026.
How has ETHE performed?
Total return is 231.2% over the past 7.3 years, 36.8 points ahead of SPY at 194.4%. Over the past year its total return — price change plus distributions reinvested — is -38.2%. Its deepest 1-year drawdown was 63.1%.
Is ETHE a good investment?
ETHE's Dividend Vision Distribution Safety Score is 35 (Elevated risk). That is a risk signal, not investment advice. Its distribution rate is 1.99% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Grayscale Investments.
Tickers
Holdings as-of date unavailable.
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