Ethereum is the second largest cryptocurrency in the world by market capitalisation after Bitcoin and was also the second crypto to get ETF (exchange-traded fund) approval in the US in 2024.
This means it's now relatively easy to trade ETH ETFs on the Australian and US stock markets, with tens of millions of dollars traded each day.1
How to buy Ethereum ETFs in 4 steps
Ethereum ETFs are available to trade on a number of stock exchanges around the world. You can follow the steps below to get started:
Choose a broker. You'll need to find a broker that offers access to the exchange that lists the ETH ETF that you want to buy. Most ETH ETFs are listed on the NYSE Arca exchange, which is the digital exchange of the New York Stock Exchange (NYSE). Others are listed on the Cboe Australia and Nasdaq exchange.
Create an account. You'll need to verify your identity as part of the signup process.
Fund your account. You can normally deposit funds using your bank account straight to your broker account.
Buy the ETF. Search the platform for the Ethereum ETF you want to invest in, select it and hit "Buy".
Open a trading account now
You can use the table below to compare trading platforms that let you trade Ethereum ETFs:
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.
Where can I buy spot Ethereum ETFs?
There are a number of Ethereum ETFs available to trade on the Australian, US and other international stock markets.
In Australia, the Cboe Australia exchange lists the following ETH ETFs:
Monochrome Monochrome Ethereum ETF (Cboe: IETH)
Global X 21Shares Ethereum ETF (Cboe: EETH)
3iQ CoinShare Ether Feeder ETF (Cboe: ET3Q)
The first spot Ethereum ETFs (exchange-traded funds) began trading in the US in 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)
There are also a few leveraged ETH ETFs available to trade on the US Cboe exchange:
ProShares Ultra Ether ETF (ETHT)
Volatility Shares 2X Ether ETF (ETHU)
Types of Ethereum ETFs
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.
Leveraged ETFs. Leveraged ETFs offer increased exposure to the underlying asset, which means potential gains and losses are amplified. Because they are rebalanced every day, leveraged ETFs are generally not intended as long term investments.
Why buy an Ethereum ETF?
Ethereum ETFs give investors exposure to the Ethereum 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: October 2024
Ethereum has struggled since the launch of spot ETH ETFs in July, with the ETH price dropping from US$3,500 to around US$2,600 by late October.
Expert insight
"The approval of Ethereum ETFs in the US marks another significant milestone in the evolution of the crypto asset class.
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."
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.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
