ETHA

iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund designed to provide direct exposure to a specific digital asset by holding Ethereum. The ETF is managed by BlackRock through its iShares platform and trades under the ticker ETHA on the Nasdaq.

Classified as a physically backed digital asset ETF, ETHA seeks to reflect, before fees and expenses, the price movements of Ethereum held in custody by the trust. 

The fund follows a passive strategy based on direct ownership of Ethereum as its underlying asset. It does not employ futures contracts, derivatives, or leverage, aiming to replicate spot market price behavior.

Net asset value is calculated using market prices obtained from recognized pricing sources, following established valuation, governance, and operational procedures. The trust structure includes ongoing custody, audit, and regulatory compliance processes.

Composition / Exposure profile

ETHA provides concentrated exposure to the digital asset market through:

• Ethereum.
• Blockchain infrastructure associated with the Ethereum ecosystem.
• Spot digital asset markets.

Exposure is directly linked to Ethereum price movements.

Structure and costs

ETHA shares trade on the secondary market on the NASDAQ throughout regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. ETHA does not distribute dividends, interest, or other income, as Ethereum does not generate cash flows.

History and evolution of the ETF

The iShares Ethereum Trust ETF was launched in 2024 amid increased regulatory integration of digital assets into the U.S. financial system.

Since inception, the instrument has served as a regulated vehicle for accessing Ethereum exposure through public markets, maintaining its physically backed and passive structure.

In the months following its launch, the ETF reflected the characteristic volatility of the digital asset market, tracking movements associated with macroeconomic conditions, global liquidity, and developments within the Ethereum ecosystem.

Additional Information

iShares Ethereum Trust ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $6.90 B.

Over the past 12 months, iShares Ethereum Trust ETF recorded a return of 45.39%, with its price trading between $11.92 and $36.59 during the same period.

The ETF is traded under the ticker ETHA.