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Launched · SEC filings

Invesco Galaxy Ethereum ETF

QETHCboeInvescoC

$20.18−0.94 (−4.47%)

As of Nov 10, 2026, 11:15 AM ET

C53/ 100

Rank 9 of 11 in Spot Ether

C53/100Rank 9 of 11inSpot Ether
Intraday session: down, 21 prints from 21.13 to 20.18. Range 20.02 to 20.75. Use the arrow keys to read each point.20.0020.4020.6020.8021.0010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$19M
1Y total return
−38.8%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
35.3K sh
52W range
low $15.25high $35.97
Launched
Filings
SEC EDGAR

The ETF.net QETH Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
Spot Ether⁠
Rank
9 of 11
Six-pillar profile for QETH. Scores out of 100: Cost 30, Risk 39, Mission 100, Tradability 43, Holdings not scored, Durability 43. Strongest: Mission (100). Weakest: Cost (30). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C 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.
    D39 out of 100
    Rank 4 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 6 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.
    C43 out of 100
    Rank 9 of 11

Our read on QETH

ETF.net Research

In short

CInvesco paired with crypto specialist Galaxy for a no-frills spot ether trust: it holds the coin and marks it against the Lukka Prime reference rate. True to its mandate, priced at the category median, smaller than the field's heavyweights.

Stated mandate

The Trust seeks to reflect the performance of ether’s spot price, measured using the Lukka Prime Ethereum Reference Rate.

Why people hold it

  • One job, tightly defined: hold ether and reflect its spot price via the Lukka Prime Ethereum Reference Rate. One of the closest mandate matches in the spot ether group.invesco.com
  • At 0.25% it sits right at the median fee for spot ether funds, the same sticker as Fidelity's FETH and BlackRock's ETHA.
  • Ether exposure through a brokerage account. It's a grantor trust holding the coin itself, so no exchange logins, wallets or private keys on your end.invesco.com

Worth knowing

  • One of the smaller, less-traded names in a ten-fund cohort. Thinner volume can mean wider spreads and more price impact on bigger orders.
  • Several rivals tracking the same thing list lower fees, including Grayscale's mini trust ETH at 0.15%.
  • Straight ether price exposure with no distributions, and a track record that only starts at the 2024 launch.

QETH Performance

Launched Jul 23, 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.
QETH$6,123
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. QETH $6,123. SPY $11,339. Use the arrow keys to read each point.$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 QETH. Periods over one year show the average yearly return.
PeriodQETH
Year to date−28.5%
1 month−14.1%
3 months+10.7%
1 year−38.8%
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 QETH
YearReturn barQETH
2026 YTD−28.5%
2025−11.4%
2024−3.6%

Since listing, Jul 23, 2024

QETH in the news

QETH Dividends

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

No distributions in the last 12 months.

QETH Risk

Risk pillarD39 out of 100Rank 4 of 11 in Spot Ether
How much the fund’s monthly returns vary, scaled to a year.
75.3%
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.
2.62
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.

QETH Cost

Compare QETH 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.

  • QETH 0.25%

    $5,159

  • MSSE 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • QETH 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$6K051015202530QETH $5,159MSSE $2,932

Year by year

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

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