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:
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
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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.
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.
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