Bitwise Ethereum ETFBitwise Ethereum ETFBitwise Ethereum ETF

Bitwise Ethereum ETF

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Key stats


Assets under management (AUM)
‪287.85 M‬USD
Fund flows (1Y)
‪335.60 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.07%
Shares outstanding
‪14.26 M‬
Expense ratio

About Bitwise Ethereum ETF


Issuer
Bitwise Asset Management, Inc.
Brand
Bitwise
Home page
Inception date
Jul 22, 2024
Structure
Grantor Trust
Index tracked
ETH/USD Exchange Rate - USD - Benchmark Price Return
Replication method
Physical
Management style
Passive
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Bitwise Investment Advisers LLC
Bitwise Ethereum ETF (ETHW) is an Ethereum fund that invests directly in Ether, the world's second-largest cryptocurrency. ETHW offers investors low-cost exposure to Ether's price through a professionally managed fund, mitigating the costs, complexities, and custody issues associated with direct Ether ownership. Launched on July 22, 2024, ETHW's holdings are valued daily based on the CME CF Ether Reference Rate — New York Variant. This pricing benchmark, calculated by CF Benchmarks Ltd., aggregates executed trade flows from major Ether trading platforms. 10% of ETHW profits are donated to Protocol Guild and PBS Foundation to support Ethereum open-source development.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short USD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where ETHW is featured.

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Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ETHW trades at 18.31 USD today, its price has fallen −4.26% in the past 24 hours. Track more dynamics on ETHW price chart.
ETHW net asset value is 19.55 today — it's risen 21.02% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ETHW assets under management is ‪287.85 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ETHW price has risen by 6.09% over the last month, and its yearly performance shows a −27.25% decrease. See more dynamics on ETHW price chart.
NAV returns, another gauge of an ETF dynamics, showed a 52.24% increase in three-month performance and has decreased by −15.91% in a year.
ETHW fund flows account for ‪335.60 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ETHW invests in cash. See more details in our Analysis section.
ETHW expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ETHW isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ETHW technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ETHW shows the buy signal. See more of ETHW technicals for a more comprehensive analysis.
No, ETHW doesn't pay dividends to its holders.
ETHW trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ETHW shares are issued by Bitwise Asset Management, Inc.
ETHW follows the ETH/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 22, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.