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 the issuer iShares. This fund holds an asset base of $4.28 billion and trades at a price of $14.49 per share. It carries an expense ratio of 0.25% and offers a dividend yield of 0.00%. In the broader market of 458 tracked ETFs, ETHA holds an overall rank of #437 and has received an ETFValuer grade of F with a score of 34.6 out of 100. The fund is one of 11 ETFs tracked in its specific Crypto category. The combination of its substantial assets under management and its low ranking suggests a significant divergence between investor capital allocation and the fund's current performance metrics.

Recent performance data shows a sharp divergence between short-term gains and long-term losses. The fund posted a one-day return of -1.50% and a one-week return of -0.28%, following a strong one-month gain of +21.87%. Over longer horizons, the trend reverses significantly with a three-month return of -16.10% and a six-month return of -33.84%. Year-to-date performance stands at -38.55%, while the one-year return is -47.46%. Data for the three-year period is not available. This pattern indicates a period of recent volatility where short-term rallies have been overwhelmed by sustained declines over the past year.

The fund is assigned a Very High volatility label, reflecting significant price fluctuations. The Sharpe ratio of -0.78 indicates that the returns generated have not compensated investors for the level of risk taken. A maximum drawdown of -67.91% demonstrates the severity of potential losses during market downturns. Beta data is not provided for this fund. The combination of a negative Sharpe ratio, extreme drawdown, and high volatility suggests the fund experiences substantial downside risk without consistent risk-adjusted returns in either up or down markets.

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

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 28.6M/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