Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF
BThis fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.
$37.54−0.15 (−0.40%) past 5 days
Market opens at 9:30 AM ET.
- 1.08%
- $7M
- −19.8%
- 2.31%
- 0M sh
- $37.58
- low $28.27high $48.18
The ETF.net AETH Grade
B
Score 59 out of 100
- 4 of 11
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B64 out of 100Rank 4 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 2 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 7 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 5 of 11
Our read on AETH
BCrypto exposure with an off switch. AETH follows a moving-average trend signal and sits either in CME ether futures or entirely in U.S. Treasuries, so a downtrend parks it in bonds instead of riding the slide down.
The Fund seeks capital appreciation through a rules-based, long-flat strategy that rotates entirely between Ether Futures Contracts and U.S. Treasury securities according to market momentum.
Why people hold it
- The rules do the flinching: a 10-day and 20-day moving-average signal keeps it either long ether futures or fully in Treasuries. No manager discretion in the middle.
- The 1.08% fee sits right at the median for its crypto-derivatives peer group, and below single-coin futures products like SOLZ at 1.64%.
- Ether exposure comes through CME futures inside a 1940 Act fund, not a direct token holding, so it is regulated fund plumbing with no wallet or key management.
- Live since 2023, part of Bitwise's Trendwise line of momentum-driven crypto futures funds rather than a one-off experiment.
Worth knowing
- Trend signals react to price, they do not anticipate it. Choppy markets can flip the fund into Treasuries before a bounce or into futures before a turn.
- You pay up for the switch. Straight ether futures rivals such as EETH and ProShares' bitcoin-and-ether funds charge 0.95% for always-on exposure.
- It is a small, thinly traded fund, so spreads and trade sizing matter more here than with the category's bigger names.
AETH Holdings
- Other
- 1
- 100%
- Cash
AETH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
AETH$8,024
Returns run to the Oct 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AETH |
|---|---|
| Year to date | +3.9% |
| 1 month | −1.4% |
| 3 months | +28.4% |
| 1 year | −19.8% |
| 3 years | +24.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AETH |
|---|---|---|
| 2026 YTD | +3.9% | |
| 2025 | −0.1% | |
| 2024 | +31.7% | |
| 2023 | +39.5% |
AETH in the news
AETH Dividends
- 2.31%
- $0.87
- $0.87 per share
- Annual
Distribution history
AETH Risk
- 63.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −51.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.33
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AETH Cost
1.08%