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ETHV

GradeBChicago Board Options Exchange

VanEck Ethereum ETF

Crypto · VanEck · Inception 2024-06-25 · SEC filings

$38.92−1.30 (−3.23%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Jul 23, 2024.
Intraday session: down, 59 prints from 40.22 to 38.92. Range 38.70 to 39.77. Use the arrow keys to read each point.$38.75$39.25$39.50$39.7510 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$133M
1Y return
−33.6%
Yield · Last 12 months
—
Holdings
1
Volume · 30D
0.1M sh
NAV per share
$40.38
52W range
low $22.40high $69.72

The ETF.net ETHV Grade

B

67/ 100

Rank 2 of 11 in Spot Ether⁠

Confidence Medium

Six-pillar profile for ETHV. Scores out of 100: Cost 70, Risk 41, Mission 100, Tradability 39, Holdings not scored, Durability 62. Strongest: Mission (100). Weakest: Tradability (39). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B 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.
    AScore 70
    Category rank3/11 · top 27%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank4/9 · top 44%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank6/10 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 39
    Category rank8/11 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank5/11 · top 45%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ETHV

ETF.net Research

BA plain wrapper for spot ether: no overlay, no side strategy, just the coin's price minus a fee that undercuts the typical spot-ether fund. Part of the 2024 class that first brought ether into ordinary brokerage accounts.

Stated mandate

The Trust passively seeks to track the price of Ether, less its operating expenses, without pursuing a separate investment strategy.

Why people hold it

  1. 01Charges 0.20% a year against a 0.25% median for spot-ether funds. On a pure price tracker, the fee is one of the few levers an issuer actually controls.
  2. 02Mechanically simple: a grantor trust holding ether that passively tracks the coin's price, less expenses, with no separate investment strategy layered on top.vaneck.com
  3. 03Tracking has stayed tight to spot ether, and the fund sits in the upper half of its spot-ether peer group on our review.
  4. 04Launched in 2024 alongside the first US spot-ether ETFs, so it has run through a full cycle of crypto's mood swings rather than arriving after the fact.

Worth knowing

  1. 01Ether swings hard, and this tracks it down as faithfully as up. The trust isn't built to pay income, so total return is price movement alone.
  2. 02Trades moderately rather than heavily next to the category's largest funds, which can mean wider spreads, especially away from busy market hours.
  3. 03Same coin, cheaper shelf-mates: ETH lists 0.15% and EZET 0.00%, so price isn't this fund's whole case.

ETHV Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Ether100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ether100.01%46,757$115M1

Showing 1–1 of 1 holdings

ETHV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ETHV$6,640
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ETHV $6,640. SPY $11,723. Use the arrow keys to read each point.$3,117$7,760$12,402Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for ETHV. Periods over one year show the average yearly return.
PeriodETHV
Year to date−7.4%
1 month+14.1%
3 months+58.8%
1 year−33.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 ETHV
YearReturn barETHV
2026 YTD−7.4%
2025−11.0%
2024−3.7%

History from Jul 23, 2024

ETHV in the news

ETF.net Research hasn’t filed on ETHV yet — coverage lands here as it’s written.

ETHV Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

ETHV Risk

How much the fund’s monthly returns vary, scaled to a year.
77.4%
Annualised · 25 months to Aug 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.
0.12
vs 3-month T-bills · 25 months to Aug 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%
25 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.
2.61
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.

ETHV Cost

Expense ratio0.20%
  • The middle half of Spot Ether funds
  • Median 0.21%

3 of the 11 Spot Ether funds charge less.

ETHV costs $20.00 a year on $10,000. The median Spot Ether fund costs $21.00.