2x Ether ETF
DThis 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.
$26.12−0.24 (−0.91%)
- 2.97%
- $1.1B
- −77.2%
- 1.73%
- 6.7M sh
- $25.54
- low $10.77high $188.73
The ETF.net ETHU Grade
D
Score 36 out of 100
- 12 of 15
Score 36 of 100 falls in the D 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.F0 out of 100Rank 15 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.F0 out of 100Rank 2 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 8 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A93 out of 100Rank 2 of 15Holdings
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.A73 out of 100Rank 4 of 15
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
- 2
- 100%
- CME Ether Future Oct26
ETHU 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.Not enough history yet.
ETHU$2,281
Returns run to the Oct 12, 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 | −51.4% |
| 1 month | −4.8% |
| 3 months | +80.9% |
| 1 year | −77.2% |
| 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 | −51.4% | |
| 2025 | −64.4% | |
| 2024 | −49.3% |
ETHU in the news
ETHU Dividends
- 1.73%
- $0.45
- $0.02 per share
- Monthly
Distribution history
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.
- 155.4%
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.
- 0.07
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.
- 5.33
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.
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