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QETH

GradeCChicago Board Options Exchange

Invesco Galaxy Ethereum ETF

Crypto · Invesco · Inception 2024-07-23 · SEC filings

$26.48−0.90 (−3.29%)

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

History starts Jul 23, 2024.
Intraday session: down, 59 prints from 27.38 to 26.48. Range 26.34 to 27.05. Use the arrow keys to read each point.$26.60$26.80$27.0010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$25M
1Y return
−33.6%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$27.47
52W range
low $15.25high $47.47

The ETF.net QETH Grade

C

54/ 100

Rank 8 of 11 in Spot Ether⁠

Confidence Medium

Six-pillar profile for QETH. Scores out of 100: Cost 31, Risk 41, Mission 100, Tradability 45, Holdings not scored, Durability 42. Strongest: Mission (100). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 of 100 sits in the C 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.
    DScore 31
    Category rank10/11 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank8/9 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank10/10 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank6/11 · 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.
    CScore 42
    Category rank9/11 · bottom quartile

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

Our read on QETH

ETF.net Research

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

  1. 01One 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
  2. 02At 0.25% it sits right at the median fee for spot ether funds, the same sticker as Fidelity's FETH and BlackRock's ETHA.
  3. 03Ether 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

  1. 01One of the smaller, less-traded names in a ten-fund cohort. Thinner volume can mean wider spreads and more price impact on bigger orders.
  2. 02Several rivals tracking the same thing list lower fees, including Grayscale's mini trust ETH at 0.15%.
  3. 03Straight ether price exposure with no distributions, and a track record that only starts at the 2024 launch.

QETH Holdings

As of Sep 20, 2026, 1:52 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
PHYSICAL ETHER100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PHYSICAL ETHER100.00%9,080$24M1

Showing 1–1 of 1 holdings

QETH Performance

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

QETH$6,639
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. QETH $6,639. SPY $11,723. Use the arrow keys to read each point.$3,116$7,759$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 QETH. Periods over one year show the average yearly return.
PeriodQETH
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 QETH
YearReturn barQETH
2026 YTD−7.4%
2025−11.4%
2024−3.6%

Since listing, Jul 23, 2024

QETH in the news

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

QETH Dividends

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

No distributions in the last 12 months.

QETH Risk

How much the fund’s monthly returns vary, scaled to a year.
77.3%
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.
2.60
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.

QETH Cost

Expense ratio0.25%
  • The middle half of Spot Ether funds
  • Median 0.21%

6 of the 11 Spot Ether funds charge less.

QETH costs $25.00 a year on $10,000. The median Spot Ether fund costs $21.00.