Top 6 Ethereum ETFs to watch in 2026
All of them track ether directly, yet fees range from 0.12% to 2.57%.
Ethereum ETFs hold ether directly and are designed to track the price of ETH, giving investors a way to access the cryptocurrency through a standard brokerage account rather than a crypto exchange. The six funds on this list are all U.S.-listed, and fees range from 0.12% for VanEck Ethereum ETF ($ETHV) to 2.57% for Grayscale Ethereum Staking ETF ($ETHE).
How we built this list: We selected these funds based on their industry or investment category and ordered them by assets under management. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.
ETF Name | Ticker | Share Price | AUM | Expense Ratio | In Watchlists |
|---|---|---|---|---|---|
iShares Ethereum Trust ETF | ETHA | $14.11 | $5.43B | 0.23% | 0 |
Grayscale Ethereum Staking Mini ETF | ETH | $17.82 | $1.57B | 0.15% | 0 |
Grayscale Ethereum Staking ETF | ETHE | $15.08 | $1.42B | 2.57% | 145 |
Fidelity Ethereum Fund | FETH | $18.61 | $880.9M | 0.25% | 0 |
Bitwise Ethereum ETF | ETHW | $13.36 | $196.3M | 0.19% | 0 |
VanEck Ethereum ETF | ETHV | $27.29 | $90.7M | 0.12% | 0 |
Past performance is not a reliable indicator of future performance.
Source: Stake market data. Figures in US$. Data updated as of 3 August 2026.
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1. iShares Ethereum Trust ETF ($ETHA)
iShares Ethereum Trust ETF (ETHA) share price over the last year: started at US$27.75, ended at US$14.11, a change of −49.2%. Range over the period: high US$36.59, low US$11.74. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$14.11 · Daily: 0.3% · AUM: US$5.43B · MER: 0.23%
The iShares Ethereum Trust ETF ($ETHA) is designed to track the price of ether. It aims to mirror ETH's performance before the fund's own expenses are deducted.
The fund is intended as an alternative to buying ether on a cryptocurrency exchange, with no digital wallet to manage. Because $ETHA is U.S.-listed and ether is priced in USD, Australian investors also carry AUD/USD currency exposure alongside ETH's price movements. A strengthening Australian dollar against the USD reduces returns in AUD terms, and a weaker AUD has the opposite effect.
2. Grayscale Ethereum Staking Mini ETF ($ETH)
Grayscale Ethereum Staking Mini ETF (ETH) share price over the last year: started at US$34.55, ended at US$17.82, a change of −48.4%. Range over the period: high US$45.56, low US$14.80. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$17.82 · Daily: 0.1% · AUM: US$1.57B · MER: 0.15%
Holding ether directly, Grayscale Ethereum Staking Mini ETF ($ETH) is designed to track the price of ETH by reference to an index price, less the trust's expenses and liabilities. Grayscale notes there's no assurance the trust will achieve that objective – a candid acknowledgement that tracking the underlying asset isn't guaranteed.
Because $ETH is a U.S.-listed fund priced in USD, Australian investors carry exposure to movements in the AUD/USD exchange rate alongside any shift in the ether price itself. When the Australian dollar strengthens against the USD, returns measured in AUD can come in lower than the underlying ETH price move implies. The reverse applies if the AUD weakens.
3. Grayscale Ethereum Staking ETF ($ETHE)
Grayscale Ethereum Staking ETF (ETHE) share price over the last year: started at US$30.32, ended at US$15.08, a change of −50.3%. Range over the period: high US$39.94, low US$12.59. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$15.08 · Daily: 0.2% · AUM: US$1.42B · MER: 2.57%
Grayscale Ethereum Staking ETF ($ETHE) is structured as a trust that aims to reflect the value of ether it holds, with that value referenced against an index price and reduced by the trust's expenses and liabilities. The fund is U.S.-listed and priced in USD, so Australian investors carry exposure to movements between the AUD and USD on top of ether's own price swings. Grayscale acknowledges there's no assurance the trust will achieve its stated objective – a caveat that sits alongside the relatively high fee when weighing up this option against others on this list.
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4. Fidelity Ethereum Fund ($FETH)
Fidelity Ethereum Fund (FETH) share price over the last year: started at US$36.64, ended at US$18.61, a change of −49.2%. Range over the period: high US$48.40, low US$15.52. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$18.61 · Daily: 0.2% · AUM: US$880.9M · MER: 0.25%
Fidelity Ethereum Fund ($FETH) holds ether directly and is designed to track ETH's price performance, adjusted for the fund's expenses and liabilities. Shares are valued once a day at 4pm Eastern time, using the same methodology as the underlying index. Because $FETH is U.S.-listed and priced in USD, Australian investors carry exposure to movements between the AUD and USD on top of ether's own price swings.
5. Bitwise Ethereum ETF ($ETHW)
Bitwise Ethereum ETF (ETHW) share price over the last year: started at US$26.30, ended at US$13.36, a change of −49.2%. Range over the period: high US$34.69, low US$11.14. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$13.36 · Daily: 0.1% · AUM: US$196.3M · MER: 0.19%
Bitwise Ethereum ETF ($ETHW) holds ether directly, with the trust's assets valued each day against a pricing index. The aim is to track the value of ETH, after the sponsor's operating fees are deducted. Because the trust denominates its holdings and fees in US dollars, Australian investors in $ETHW carry exposure to movements between the AUD and the USD on top of ETH's own price swings.
Unlike equity ETFs that spread holdings across many companies, $ETHW concentrates entirely on a single digital asset. That means its performance is closely tied to ETH itself, with no diversification across other assets or sectors.
6. VanEck Ethereum ETF ($ETHV)
VanEck Ethereum ETF (ETHV) share price over the last year: started at US$53.76, ended at US$27.29, a change of −49.2%. Range over the period: high US$70.86, low US$22.76. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$27.29 · Daily: 0.07% · AUM: US$90.7M · MER: 0.12%
VanEck Ethereum ETF ($ETHV) holds ether directly and is designed to reflect the price of ETH, minus the Trust's operating costs. Share values are set daily using the MarketVector Ethereum Benchmark Rate, which draws on price data contributed by the five exchanges with the highest ETH trading volume. The MER sits at 0.12%.
Because ETH is priced in USD, the fund's value in Australian dollar terms will move with the AUD/USD exchange rate as well as the price of ether itself. That currency exposure is worth keeping in mind: a rising Australian dollar can weigh on returns even when ETH holds steady.
Common questions
How to invest in Ethereum ETFs in Australia?
All six funds in this list are U.S.-listed, so you access them through a share trading platform that offers U.S. market access – buying and selling shares the same way you would any U.S. stock. Transactions are priced in USD. Because none of these funds use currency hedging, the AUD/USD rate affects what your holding is worth in Australian dollar terms.
What are the key risks of Ethereum ETFs?
Ether's price is volatile and can move sharply over short periods, and that volatility flows directly into these funds. Because the funds are U.S.-listed and unhedged, AUD/USD movements add a second layer of exposure for Australian dollar investors. The regulatory framework for crypto assets varies across jurisdictions and can change, which could affect both the funds and the broader ether market. Unlike equities or bonds, ether generates no earnings or cash flows, so its price is driven by sentiment and demand rather than underlying fundamentals.
Why do the fees across these Ethereum ETFs vary so much?
The MER range in this list runs from 0.12% ($ETHV) to 2.57% ($ETHE) – a large spread for six funds that all aim to track the same underlying asset. Different fund structures and sponsor pricing decisions account for the gap. At the higher end, that fee compounds into a meaningful drag on net returns relative to ether's price performance over time.
Disclaimer
Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.
This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.
Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.
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This article combines AI and human review from our analysts to bring you accurate, informative investing content at speed. For questions or suggestions, contact stakedesk@stake.com.au.
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