Ethereum ETFs: DeFi and NFTs tap dance to Wall Street
9 No. of Symbols
Key stats
About Bitwise Ethereum ETF
Home page
Inception date
Jul 22, 2024
Structure
Grantor Trust
Replication method
Physical
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Bitwise Investment Advisers LLC
ISIN
US0919551046
ETHW aims to track the spot price of Ether (ETH), less liabilities and expenses. It intends to provide investors with a cost-effective and convenient way to invest in Ethereum. The fund owns Ether directly and holds it in a multi-layer cold storage, which is a safeguarding method wherein the private keys providing access to the funds Ether are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CME CF Ether Reference Rate - New York Variant. This serves as a once-a-day benchmark rate of Ethers USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Ethereum platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes.
Related funds
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where ETHW is featured.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ETHW assets under management is 341.81 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ETHW invests in cash. See more details in our Analysis section.
ETHW expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ETHW isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, ETHW doesn't pay dividends to its holders.
ETHW shares are issued by Bitwise Asset Management, Inc.
ETHW follows the ETH/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 22, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.