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Launched · SEC filings

iShares Ethereum Trust ETF

ETHANasdaqiSharesB

$50.74+0.32 (+0.63%)

At close: Nov 2, 2026, 4:00 PM ET

B58/ 100

Rank 8 of 11 in Spot Ether

B58/100Rank 8 of 11inSpot Ether
Intraday session: up, 79 prints from 50.42 to 50.74. Range 50.52 to 51.91. Use the arrow keys to read each point.51.0051.2551.5051.7510 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$6.98B
1Y total return
−42.8%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
11.6M sh
52W range
low $34.58high $84.84
Launched
Filings
SEC EDGAR

The ETF.net ETHA Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Spot Ether⁠
Rank
8 of 11
Six-pillar profile for ETHA. Scores out of 100: Cost 30, Risk 38, Mission 100, Tradability 59, Holdings not scored, Durability 87. Strongest: Mission (100). Weakest: Cost (30). Based on 5 of 6 pillars.

Score 58 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.
    D30 out of 100
    Rank 7 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 5 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B59 out of 100
    Rank 4 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 1 of 11

Our read on ETHA

ETF.net Research

In short

BThe iShares take on ether: hold the actual coin, track its price, skip the wallet and the seed phrase. Launched in 2024, it has grown into a multi-billion-dollar fund and one of the most heavily traded ways to own ether in a brokerage account.

Stated mandate

The fund seeks to track the price performance of ether, the native token of the Ethereum network.

Why people hold it

  • Spot, not futures. The trust holds ether itself and tracks the ETHUSDNY reference rate, so there is no futures roll and no self-custody to manage.ishares.com
  • A multi-billion-dollar fund that trades very actively, which generally translates into tight spreads and easy entries and exits.
  • It has stayed tight to the ether price it targets. Tracking is the entire product here, and this one delivers it about as closely as the category gets.
  • The 0.25% fee is a fraction of what Grayscale's legacy ETHE trust (2.50%) charges for the same spot ether exposure.

Worth knowing

  • That 0.25% sits right at the category median. The same ether exposure costs less at EZET (0.00%), ETH (0.15%) and ETHW (0.20%).
  • No income. The trust holds ether and nothing else, so it makes no distributions and moves with a notoriously volatile asset in both directions.
  • Short history: trading began in 2024, so the record does not yet span a full crypto cycle.

ETHA Holdings

Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
Ether100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataEther100.00%3,095,551$6.91B2
2No dataUSD Cash<0.01%12,664$12.7K220

Showing 1–2 of 2 holdings

ETHA Performance

Launched Jun 24, 2024

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.Not enough history yet.
ETHA$5,724
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ETHA $5,724. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for ETHA. Periods over one year show the average yearly return.
PeriodETHA
Year to date−25.1%
1 month−16.5%
3 months+19.5%
1 year−42.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ETHA
YearReturn barETHA
2026 YTD−25.1%
2025−11.3%
2024−3.6%

History from Jul 23, 2024

ETHA in the news

ETHA Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

ETHA Risk

Risk pillarD38 out of 100Rank 5 of 11 in Spot Ether
How much the fund’s monthly returns vary, scaled to a year.
75.4%
Annualised · 27 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.06
vs 3-month T-bills · 27 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−67.9%
27 months · trough Jun 2026
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.

How strongly the fund’s returns move with its asset-class index.
2.54
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ETHA Cost

Compare ETHA and MSSE

Overpaying vs MSSE, cheapest in Spot Ether

$2,227

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETHA 0.25%

    $5,159

  • MSSE 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • ETHA 0.25%
  • MSSE 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530ETHA $5,159MSSE $2,932

Year by year

YearETHAMSSEOverpaying
10$455$256$199
20$1,769$1,000$769
30$5,159$2,932$2,227

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