TETHvsCOIN
21Shares Ethereum ETF vs Coinbase
Side-by-side crypto treasury comparison across tokens: TETH (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. TETH holds Ethereum, COIN holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
TETH
21Shares Ethereum ETF
🇺🇸 US
8,685 ETH
$16.2M market value
COIN
Coinbase
🇺🇸 US
16,949 BTC
$1.1B market value
Metric
TETH
COIN
Holdings (ETH / BTC)
8,685 ETH
16,949 BTC
Market value of treasury
$16.2M
$1.1B
Average cost per token
—
$98,950.50
Total cost basis
—
$1.7B
mNAV (market cap ÷ token value)
—
38.26×
Last disclosed purchase
Dec 31, 2025
May 7, 2026
- Dec 31, 2025+0 ETH—
- Sep 30, 2025+0 ETH—
- Jun 30, 2025+0 ETH—
- Mar 31, 2025+0 ETH—
- Dec 31, 2024+0 ETH—
- May 7, 2026
TETH vs COIN: frequently asked
Which company has a larger crypto treasury by USD value, TETH or COIN?▾
TETH (Ethereum) holds 8,685 ETH worth $16.2M. COIN (Bitcoin) holds 16,949 BTC worth $1.1B. COIN has the larger USD-value treasury — roughly 66.7× larger.
Can you compare TETH's ETH holdings directly to COIN's BTC holdings?▾
Not in token-native amounts — TETH holds Ethereum and COIN holds Bitcoin, so "8,685 ETH" and "16,949 BTC" measure different assets. The honest comparison is USD market value: $16.2M vs $1.1B at current prices.
What's TETH's cost basis per ETH, and COIN's per BTC?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did TETH last buy Ethereum?▾
TETH disclosed a 0 ETH purchase on December 31, 2025.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.