Key takeaways
- Spot Ethereum ETFs hold ETH directly. Other ETFs provide indirect exposure to ETH by tracking its price movements.
- You can buy shares of spot Ethereum ETFs on exchanges in Canada and the US.
- Alternatives to buying an Ethereum ETF include buying crypto or crypto-related stocks.
Our top picks for ETF investing
What is a spot Ethereum ETF?
Similar to a spot bitcoin ETF, a spot Ethereum ETF is a type of ETF that will hold physical ether as its underlying asset. This contrasts Ethereum futures ETFs, which invest in Ethereum futures contracts and allow investors to speculate on the future price of the cryptocurrency without directly owning the coin.
How to buy shares of an Ethereum ETF in Canada
- Choose a platform and open an account. If you’re a beginner, our ETF broker picks can help you choose. Then, provide your personal information and sign up.
- Confirm your payment details. You’ll need to fund your account with a bank transfer, Interac e-Transfer or any other eligible method.
- Select and research ETFs. Search the platform for the ETF ticker symbol. The platform should provide the latest information available.
- Buy ETF shares. Place a market order or limit order for your preferred number of shares. It’s simple.
The whole process can take as little as 15 minutes. You’ll need a smartphone or computer, an internet connection, your passport or driver’s license and a means of payment.
List of Ethereum ETFs in Canada & the US
The following Ethereum ETFs are available to trade on Canadian or US exchanges as of February 9, 2025. These ETFs may be spot funds that invest in ETH directly, or they may provide indirect exposure to ETH by tracking its price movements.
Fund | Symbol | Exchange | Expense ratio |
---|---|---|---|
iShares Ethereum Trust ETF | ETHA | NasdaqGM | 0.25% |
Grayscale Ethereum Trust | ETHE | NYSEArca | 2.50% |
Grayscale Ethereum Mini Trust | ETH | NYSEArca | 0.15% (0% for the first $2 billion or until January 23, 2025) |
Fidelity Ethereum Fund | FETH | Cboe | 0.25% |
Volatility Shares Trust—2x Ether ETF (ETHU) | ETHU | Cboe | 0.94% |
Bitwise Ethereum ETF | ETHW | NYSEArca | 0.20% |
ProShares Ultra Ether ETF | ETHT | NYSEArca | 0.94% |
VanEck Ethereum ETF | ETHV | Cboe | 0.20% (0% for the first $1.5 billion or until July 22, 2025) |
ProShares Ether ETF | EETH | NYSEArca | 0.95% |
CoinShares Valkyrie Bitcoin and Ether Strategy ETF | BTF | NasdaqGM | 1.24% |
Invesco Galaxy Ethereum ETF | QETH | Cboe | 0.25% |
21Shares Core Ethereum ETF | CETH | Cboe | 0.21% |
ProShares Bitcoin & Ether Market Cap Weight ETF | BETH | NYSEArca | 0.95% |
ProShares Bitcoin & Ether Equal Weight ETF | BETE | NYSEArca | 0.95% |
Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF | AETH | NYSEArca | 0.85% |
ARK 21Shares Active Ethereum Futures Strategy ETF | ARKZ | Cboe | 0.70% |
ProShares UltraShort Ether ETF | ETHD | NYSEArca | 1.01% |
Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF | BTOP | NYSEArca | 0.85% |
ARK 21Shares Active Bitcoin Ethereum Strategy ETF | ARKY | Cboe | 1.00% |
ProShares Short Ether ETF | SETH | NYSEArca | 0.95% |
Bitwise 10 Crypto Index Fund | BITW | OTCQX | 2.5% |
Franklin Ethereum ETF | EZET | Cboe | 0.19% (0% for the first $10 billion or until January 31, 2025 |
CI Galaxy Ethereum ETF | ETHX.B | TSX | 0.40% |
Purpose Ether ETF | ETHH | TSX | 1.00% |
3iQ CoinShares Ether Staking ETF | ETHQ | TSX | 2.12% |
Evolve Ether ETF | ETHR | TSX | 0.75% |
Evolve Cryptocurrencies ETF | ETC | TSX | 0% (underlying investment funds held by ETC will pay management fees and incur trading fees) |
Purpose Ether Yield ETF | ETHY | TSX | 1.10% |
Fidelity Advantage Ether ETF—L | FETH | TSX | 0.40% |
How have ETH ETFs impacted Ethereum’s price?
As of November 2024, US investors have poured more than $104 billion into bitcoin ETFs, and so far, demand for Ethereum ETFs has been strong. In the months leading up to July 2024, when ETH ETFs finally hit the US market, the price of ETH rose 52%.
Approval of spot ETFs make Ethereum, the second-largest cryptocurrency by market cap, accessible to a broader range of investors. Whereas many traditional brokers still don’t offer direct crypto investing, most likely offer any approved spot Ethereum ETF, just as they do spot bitcoin ETFs.
Ethereum ETF alternatives
While ETH ETFs offer a convenient way to gain exposure to the cryptocurrency, they are not the only option for investors. Here are some alternative methods to consider:
- Direct cryptocurrency purchases. One of the most straightforward alternatives is buying Ethereum directly on a cryptocurrency exchange. Platforms like Coinbase and Kraken allow you to purchase and hold Ethereum in a digital wallet. This method gives you more control over your Ethereum assets and the ability to participate in decentralized finance (DeFi) applications.
- Cryptocurrency stocks. Investing in publicly traded companies that are heavily involved in the cryptocurrency space is another alternative. Companies like MicroStrategy (MSTR), Square (SQ) and Tesla (TSLA) have significant holdings in cryptocurrencies, including Ethereum, or are involved in the development of blockchain technologies.
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