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How to buy Ethereum ETFs (2024)

You can already trade some ETH ETFs and spot Ethereum ETFs are also on the way.

Which companies offer spot Ethereum ETFs?

The US Securities and Exchange Commission (SEC) approved spot Ethereum ETFs (exchange-traded funds) on 23 May 2024. However, it may be weeks before the SEC approves the S-1 forms required for companies to actually begin trading.

Companies looking to offer spot ETH ETF include BlackRock, Fidelity, Grayscale, VanEck, Ark/21Shares, Franklin Templeton and Invesco/Galaxy. Many of these companies already offer spot Bitcoin ETFs.

Ethereum market update: May 2024

Hong Kong launched spot Ethereum ETFs for the first time in late April 2024, and the US gave initial approval to ETFs in May 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."

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:

  1. Choose a broker.
  2. Create an account – including your ID.
  3. Fund your account by transferring money from your bank account to your broker account.
  4. Search for the Ethereum ETF you want to buy, select it and invest.

Types of Ethereum ETFs

There are 2 majors forms of ETF:

  1. Spot ETF. With a spot ETF, the company offering the ETF will buy and store Ethereum on behalf of the ETF investors.
  2. 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.

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.

Name Product Brokerage on AU ETFs Inactivity fee Asset class
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Tiger Brokers
Exclusive
Tiger Brokers
$5.50
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply.
Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.
Webull
$4.90
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Get 30 days of $0 brokerage fees when you open your account. Receive $50 of TSLA shares and a $50 trading voucher when you deposit $200. T&Cs apply.
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Saxo Invested
Saxo Invested
$3
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Access 6,400 ETFs over 30 exchanges worldwide
Low fees for Australian and global ETF investing, no inactivity fees and foreign currency accounts available.
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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:

Name Product Symbol Listed on Assets held Who can invest? Management fee Link
21Shares Ethereum ETF
EETH
Cboe (AU)
ETH
1.49%
View details
3iQ CoinShare Ether Feeder ETF
3iQ CoinShare Ether Feeder ETF
ET3Q
Cboe (AU)
ETH
1.20%
View details
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Name Product Symbol Listed on Assets held Who can invest? Management fee Link
21Shares Bitcoin ETF
EBTC
Cboe (AU)
BTC
View details
3iQ CoinShares Bitcoin Feeder ETF
3iQ CoinShares Bitcoin Feeder ETF
BT3Q
Cboe (AU)
BTC
1.20%
View details
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Name Product Symbol Listed on Assets held Who can invest? Management fee Link
ProShares Bitcoin Strategy ETF
BITO
NYSE (US)
BTC
Anyone
0.65%
View details
VanEck Bitcoin Strategy ETF
VanEck Bitcoin Strategy ETF
XBTF
Cboe BZX (US)
BTC
Anyone
0.65%
View details
Valkyrie Bitcoin Strategy ETF
Valkyrie Bitcoin Strategy ETF
BTF
NASDAQ (US)
BTC
Anyone
0.95%
View details
Bitcoin Tracker Euro
Bitcoin Tracker Euro
COINXBE
Nasdaq Stockholm (Sweden)
BTC
Anyone
2.5%
View details
Bitcoin Tracker One
Bitcoin Tracker One
COINXBT
NASDAQ (US), Nasdaq Stockholm (Sweden)
BTC
Anyone
2.5%
View details
Evolve Bitcoin ETF
Evolve Bitcoin ETF
EBIT
Toronto Stock Exchange (CA)
BTC
0.75%
View details
3iQ CoinShares Bitcoin ETF
3iQ CoinShares Bitcoin ETF
BTCQ
Toronto Stock Exchange (CA)
BTC
1.00%
View details
CI Galaxy Bitcoin ETF
CI Galaxy Bitcoin ETF
BTCX.U
Toronto Stock Exchange (CA)
BTC
0.40%
View details
OKEX OK06ETT
OKEX OK06ETT
OK06ETT
OKEx (SC)
BTC, ETH, BCH, EOS
0.20%
View details
XBT Ether Tracker Euro
XBT Ether Tracker Euro
ETHEREUM XBTE
Nasdaq Stockholm (Sweden)
ETH
2.5%
View details
Coinbase Index Fund
Coinbase Index Fund
CBIFS
Coinbase Pro (US)
BTC, ETH, SOL, ADA
1%
View details
Purpose Bitcoin ETF
Purpose Bitcoin ETF
BTCC
Toronto Stock Exchange (CA)
BTC
1%
View details
XBT Ether Tracker One
XBT Ether Tracker One
ETHEREUM XBT
Toronto Stock Exchange (CA)
ETH
2.5%
View details
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Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

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.

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