ETHA — iShares Ethereum Trust ETF

ETHA Price Performance — Growth of $10,000

Value of a $10,000 investment in ETHA over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ETHA Drawdown

The "underwater" chart: ETHA's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Ethereum Trust ETF, identified by the ticker ETHA, operates within the Crypto category managed by issuer iShares. This fund holds $4.28 billion in assets under management and trades at a price of $14.04 per share. It carries an expense ratio of 0.25% and offers a dividend yield of 0.00%. In the broader landscape of 458 tracked ETFs, ETHA holds an overall rank of #433 and has received an ETFValuer grade of F with a score of 34.9 out of 100. The fund is one of 11 ETFs tracked in its specific category. The combination of a high asset base and a low grade suggests significant investor adoption despite the fund's current performance metrics.

Recent performance data shows a 1-day return of -0.50% followed by a 1-week gain of +0.93%. Over the past month, the fund posted a substantial return of +17.79%, contrasting sharply with a 3-month decline of -19.73%. The longer-term trajectory remains negative, with a 6-month return of -36.67% and a year-to-date loss of -40.46%. The 1-year return stands at -48.33%, while the 3-year return is not available. This pattern indicates a divergence where short-term gains have been insufficient to offset significant losses over the medium and long term.

The fund is assigned a Very High volatility label, reflecting significant price fluctuations. The Sharpe ratio is recorded at -0.79, indicating that the returns have not compensated investors for the risk taken. A maximum drawdown of -67.91% highlights the potential for severe capital loss during market downturns. Beta data is not provided for this fund, limiting direct comparison to market movements. The combination of a negative Sharpe ratio and a deep maximum drawdown suggests the fund experiences substantial downside risk without consistent risk-adjusted upside.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ETHA Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.14% and average daily volume is 28.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.28B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ETHA is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ETHA Performance History

How ETHA Compares to Other Crypto ETFs