Grayscale Ethereum Staking ETF (ETHE) Enterprise Value (2023 - 2026)
Grayscale Ethereum Staking ETF's Enterprise Value was $1.22 billion in Q2 2026, down 56.9% from $2.84 billion a year earlier and down 31.6% from the prior quarter.
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Analysis
Grayscale Ethereum Staking ETF (ETHE) Enterprise Value (2023 - 2026) Analysis & Trends
For FY2025, Enterprise Value at Grayscale Ethereum Staking ETF came in at $2.7 billion, down 43.0% from FY2024.
- Enterprise Value shows a three-year compound annual growth rate of 27.2% (FY2022 to FY2025).
- In earlier years, Enterprise Value was $4.74 billion in FY2024 (-11.7%), $5.37 billion in FY2023 (+309.0%) and $1.31 billion in FY2022.
- The Q2 2026 figure marks the lowest quarterly Enterprise Value in data going back to Q1 2023.
- Compared with a year earlier, Enterprise Value has declined for three straight quarters, with an average decline of 27.9% over the last eight quarters.
- The best year-over-year quarter for Enterprise Value over five years was Q2 2024 (growth of 216.1%); the worst was Q1 2025 (a decline of 69.2%).
- Per Business Quant data, ETHE's Enterprise Value in the three quarters before Q2 2026 was $1.79 billion (Q1 2026), $2.7 billion (Q4 2025) and $4.43 billion (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.94 Bn |
| Jun 30, 2026 | 1.22 Bn |
| Mar 31, 2026 | 1.79 Bn |
| Dec 31, 2025 | 2.70 Bn |
| Sep 30, 2025 | 4.43 Bn |
| Jun 30, 2025 | 2.84 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 4.74 Bn |
| Sep 30, 2024 | 4.33 Bn |
| Jun 30, 2024 | 8.67 Bn |
| Mar 31, 2024 | 7.22 Bn |
| Dec 31, 2023 | 5.37 Bn |
| Sep 30, 2023 | 3.05 Bn |
| Jun 30, 2023 | 2.74 Bn |
| Mar 31, 2023 | 2.36 Bn |
API Access
Grayscale Ethereum Staking ETF Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=ETHE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "ETHE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=ETHE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();