16 Ethereum ETFs and Their Fees + Holdings

The SEC has approved spot Ethereum ETFs. Here's what to know about them, and how they compare to pre-existing Ethereum strategy ETFs.

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Updated Mar 9, 2026 · 2 min read

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16 Ethereum ETFs and Their Fees + Holdings

The SEC has approved spot Ethereum ETFs. Here's what to know about them, and how they compare to pre-existing Ethereum strategy ETFs.

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Updated Mar 9, 2026 · 2 min read

Written by

Lead Writer

+ more

Edited by

Managing Editor

+ more

What is a spot Ethereum ETF?

A spot Ethereum ETF is an exchange-traded fund that invests directly in Ethereum, the world’s second-largest cryptocurrency by market capitalization after Bitcoin. On July 23, 2024, the SEC allowed the first spot Ethereum ETFs to start trading — this followed approval of spot Bitcoin ETFs in January 2024.

Ethereum has many features that distinguish it from Bitcoin. Its blockchain doesn’t just host Ether coins; it’s also home to decentralized apps and non-fungible tokens (NFTs) that run on the Ethereum protocol. Ethereum also now uses a proof-of-stake system to create new coins — a more energy-efficient system than the proof-of-work process behind Bitcoin mining. (Ethereum also used a proof-of-work system until it switched to proof-of-stake in 2022.)

There were already Ethereum strategy ETFs on the market before the approval of spot ETFs, which indirectly track the price of Ether using futures contracts. However, these may not track the cryptocurrency’s price quite as accurately as a spot Ethereum ETF, and they may charge higher fees. The spot Ethereum ETFs approved in July 2024 are the first of their kind.

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Spot Ethereum ETFs

To date, nine different spot Ethereum ETFs have started trading since approval. They are listed below, along with the name and ticker symbol of each ETF, and each ETF’s fee.

Fund name & symbol	Fee
Grayscale Ethereum Mini Trust (ETH)	0.15%
Franklin Ethereum Trust (EZET)	0.19%
VanEck Ethereum Trust (ETHV)	0.20%
Bitwise Ethereum ETF (ETHW)	0.20%
21Shares Core Ethereum ETF (TETH)	0.21% (Waived until Oct. 8, 2026)
Fidelity Ethereum Fund (FETH)	0.25%
iShares Ethereum Trust (ETHA)	0.25%
Invesco Galaxy Ethereum ETF (QETH)	0.25%
Grayscale Ethereum Trust (ETHE)	2.50%
Source: Fund websites. Data is current as of March 9, 2026, and is for informational purposes only.

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The Ethereum ETF price war

In the days leading up to the Ethereum ETF approvals in July 2024, Ethereum ETF issuers engaged in a race to the bottom in terms of fees. Many issuers filed multiple amended registration statements lowering their fees to try to undercut their competitors, some of whom responded days later by filing their own amended registration statements with even lower fees.

Others announced last-minute promos — such as reducing their fee to zero for the first six months of trading — in an effort to distinguish themselves as the cheapest Ethereum ETF. This fast-paced exchange of fee cuts and promos continued into the days just before the SEC’s approval announcement.

Ethereum strategy ETFs

We define an Ethereum strategy ETF as any ETF that invests at least 50% of its assets in Ether futures. There are seven such funds on the market today, and they’re listed below from lowest to highest fee. Leveraged ETFs are marked with an * asterisk, while inverse ETFs are marked with a ** double asterisk.

Fund name & symbol	Fee	Notes
ProShares UltraShort Ether ETF (ETHD)**	0.99%	Invested in various Ether derivatives, targeting 2x the inverse of the daily returns of Ether.
ProShares Ultra Ether ETF (ETHT)*	1.02%	Invested in various Ether derivatives, targeting 2x the daily returns of Ether. Fee reduced to 0.94% until Sept. 30, 2026.
ProShares Short Ether ETF (SETH)**	1.02%	Invested in Ether futures, targeting the opposite of the daily returns of Ether. Fee reduced to 0.95% until Sept. 30, 2026.
ProShares Ether Strategy ETF (EETH)	1.03%	Invested in Ether futures. Fee reduced to 0.95% until Sept. 30, 2026.
ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE)	1.03%	Invested in Bitcoin and Ether futures. Fee reduced to 0.95% until Sept. 30, 2026.
CoinShares Bitcoin and Ether ETF (BTF)	1.27%	Invested in Bitcoin and Ether futures.
VolatilityShares 2x Ether ETF (ETHU)*	2.67%	Invested in Ether futures, targeting 2x the daily returns of Ether.
Source: Fund websites. Data is current as of March 9, 2026, and is for informational purposes only.

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Ethereum ETFs vs. Ethereum itself

Spot Ethereum ETFs may have some advantages over other ways of investing in Ethereum. As we’ve discussed, they may offer investors who cannot buy Ethereum directly (such as retirement account investors) a cheaper and more reliable way to invest in Ethereum than the pre-existing slate of Ethereum strategy ETFs.

However, it’s important to note that Ethereum ETFs do have some disadvantages compared to owning the cryptocurrency itself. The vast majority of Ethereum ETFs don't offer staking rewards (a sort of interest payment or dividend for Ether holders).

If you want that feature of Ethereum, you’ll need to invest in the cryptocurrency itself or the recently launched REX-Osprey ETH + Staking ETF (ESK).

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