A staked Ethereum ETF processed $48M in redemptions while keeping 86% of ETH locked, 21Shares filing shows
21Shares Ethereum ETF (TETH) reported $48.4 million in first-half 2026 redemptions, versus $42.2 million in new-share contributions, for a net outflow of about $6.25 million. The fund sold 21,125.27 ETH to meet redemptions, and the filing says that activity was completed without delays or failed orders. Net assets fell from $31.3 million at year-end to $12.9 million by June 30, with shares outstanding dropping from 2.11 million to 1.64 million, ETH prices down 46.89%, and a $12.77 million realized loss on ETH sold. At June 30, TETH held 8,185.47 ETH, with 86.42% staked—roughly 7,074 ETH staked and 1,112 unstaked—well above its 31.64% daily staking average in Q2. Because staked ETH faces an unbonding delay, future redemptions could depend on how much ETH is immediately available outside staking.
