2x Ether ETF
This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$29.97−2.13 (−6.65%)
History starts Jun 4, 2024.
- Expense ratio
- 2.97%
- Fund size
- $1.5B
- 1Y return
- −75.0%
- Yield · Last 12 months
- 1.86%
- Volume · 30D
- 6.5M sh
- NAV per share
- $32.37
- 52W range
The ETF.net ETHU Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 0Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 96Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on ETHU
DOne of the first US funds built to deliver twice ether's daily move, using ether futures inside an ordinary brokerage account. Heavily traded, richly priced, and engineered for single days rather than long holds.
The Fund seeks before-fee investment results equal to twice the daily performance of ether, for a single day, primarily through managed exposure to ether futures contracts.
Why people hold it
- Does one thing clearly: aims for twice ether's daily performance before fees, primarily through ether futures, inside a registered 1940 Act fund. No margin account, no rolling your own leverage.
- Among the most actively traded funds in the leveraged crypto group, which matters for a product most people hold for hours or days rather than years.
- Live since June 2024, an early entrant in 2x ether, and now a fund with hundreds of millions in assets. It also makes distributions on a monthly schedule.
Worth knowing
- At 2.97% a year, this sits at the expensive end of leveraged crypto. ETHT targets the same 2x ether exposure for 1.02%.
- The 2x target resets daily. Hold past one session and returns compound off each day's close, so multi-day results can diverge sharply from twice ether's move, especially in choppy markets.
- Day to day it has tracked its 2x target less tightly than the closest implementations in its peer group, a gap that comes on top of the fee.
ETHU Holdings
- Other
- —
- 100%
- CME Ether Future Sep26
ETHU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ETHU$2,499
Returns run to the Sep 22, 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 | ETHU |
|---|---|
| Year to date | −40.9% |
| 1 month | +26.6% |
| 3 months | +131.1% |
| 1 year | −75.0% |
| 3 years | — |
| 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 | ETHU |
|---|---|---|
| 2026 YTD | −40.9% | |
| 2025 | −64.4% | |
| 2024 | −49.3% |
ETHU in the news
ETHU Dividends
- 1.86%
- $0.60
- $0.01 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 19, 2026 | Aug 20, 2026 | $0.01 |
| Jul 22, 2026 | Jul 23, 2026 | $0.01 |
| Jun 17, 2026 | Jun 18, 2026 | $0.01 |
| May 20, 2026 | May 21, 2026 | $0.03 |
| Apr 22, 2026 | Apr 23, 2026 | $0.01 |
| Mar 18, 2026 | Mar 19, 2026 | $0.02 |
| Feb 18, 2026 | Feb 19, 2026 | $0.02 |
| Jan 21, 2026 | Jan 22, 2026 | $0.04 |
| Dec 15, 2025 | Dec 16, 2025 | $0.07 |
| Nov 25, 2025 | Nov 26, 2025 | $0.08 |
| Oct 29, 2025 | Oct 30, 2025 | $0.12 |
| Sep 26, 2025 | Sep 29, 2025 | $0.16 |
ETHU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 158.3%
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.
- 0.03
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.
- −96.5%
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.
- 5.45
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ETHU Cost
2.97%
ETHU2.97%
- The middle half of 2x Long Crypto funds
- Median 1.89%
Every other 2x Long Crypto fund charges less.