The first Ethereum ETFs (exchange-traded funds) began trading in the US on 23 July 2024, offering investors exposure to the spot price of Ethereum (ETH).
There are currently 9 providers offering Ethereum ETFs, with the majority trading on the New York Stock Exchange (NYSE) Arca exchange:
Grayscale Ethereum Trust (NYSE Arca: ETHE)
BlackRock iShares Ethereum Trust (NASDAQ: ETHA)
Bitwise Ethereum ETF (NYSE Arca: ETHW)
Fidelity Ethereum Fund (NYSE Arca: FETH)
Grayscale Ethereum Mini Trust (NYSE Arca: ETH)
VanEck Ethereum ETF (NYSE Arca: ETHV)
Franklin Ethereum ETF (NYSE Arca: EZET)
Invesco Galaxy ETF (NYSE Arca: QETH)
21Shares Core Ethereum ETF (NYSE Arca: CETH)
Buy Ethereum ETFs in just 4 steps
Pending their approval, buying Ethereum exchange-traded funds (ETFs) is similar to other ETFs and you'll need to follow these steps if you want to buy one of them:
Choose a broker. You'll need to find a broker that offers access to the exchange that lists the ETH ETF you want to buy. Most ETH ETFs are listed on the NYSE Arca exchange.
Create an account. You'll need to verify your identity.
Fund your account. You can normally deposit funds using your bank account straight to your broker account.
Buy the ETF. Search the platform the Ethereum ETF you want to invest in, select it and buy.
Spot ETF. With a spot ETF, the company offering the ETF will buy and store Ethereum on behalf of the ETF investors.
Futures contracts. This type of ETF doesn't hold any of the underlying asset (in this case, Ethereum). Instead, the ETF provider trades contracts on what the price of Ethereum may be in the future. However, the general idea is the same. If the price of Ethereum goes up or down, so too should the value of the ETF.
Why buy an Ethereum ETF?
Ethereum ETFs give investors exposure to ETH cryptocurrency without having to go to the trouble of buying the asset directly.
Buying cryptocurrency can be confusing and expensive for some people. By comparison, an Ethereum ETF can be a convenient and cost-effective way to potentially benefit from the price appreciation of ETH without having to own it.
Ethereum market update: July 2024
The first spot Ethereum ETFs launched in the US on 23 July 2024 with opening day volume of US$1 billion. Hong Kong also launched spot Ethereum ETFs for the first time in late April 2024.
"The approval of Ethereum ETFs in the US marks another significant milestone in the evolution of the crypto asset class," said Jonathon Miller, managing director of Kraken Australia.
"It reinforces that various digital assets, not just Bitcoin, have their place in regular consumer investment portfolios and underscores the growing acceptance and adoption of crypto by institutional investors."
Compare online ETF brokers
You'll need a brokerage account or trading account to invest in Ethereum ETFs. Make sure to consider trading fees and other costs when comparing brokers.
Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
What Ethereum ETFs are listed in Australia?
There are a number of Ethereum ETFs available to trade on global exchanges, including:
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Tom Stelzer is a publisher and writer for Finder, covering investing and cryptocurrency.
He previously worked for Finder as a writer in Australia and the UK, covering things like personal finance, loans, investing, insurance as well as small business and business loans.
He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
If you’re looking for ways to gain exposure to Bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
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