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iShares Ethereum Trust ETF
iShares Ethereum Trust ETF: BlackRock's spot ether ETF launched October 2023, providing regulated ETH exposure via Coinbase Custody on Nasdaq.
iShares Ethereum Trust ETF
BlackRock introduced the iShares Ethereum Trust ETF (ticker ETHA) in October 2023, filing an S-1 registration statement with the SEC. The fund physically holds ETH in cold storage with Coinbase Custody, the same custodian used for BlackRock's spot Bitcoin ETF. Coinbase serves as the ancillary custodian, while ledgers are verified by third-party attestations. The ETF trades on Nasdaq and is designed for direct exposure to ether, the native token of the Ethereum blockchain. BlackRock's digital asset division, led by Robert Mitchnick, oversees the fund. BlackRock's spot Bitcoin ETF (IBIT) accumulated over $20B in AUM within its first 10 months of trading, setting sector benchmark. The fund charges a 0.25% expense ratio, undercutting some existing crypto trust structures. Coinbase Custody maintains full reserve attestations. BlackRock has not disclosed ETHA's AUM separately. BlackRock's market cap is over $120B, providing significant balance-sheet comfort. The fund infrastructure is identical to IBIT, leveraging BlackRock's ETF distribution network and regulatory experience. No leverage or derivatives are used — the fund holds spot ether and rebalances monthly.
General information
Firm type
Asset Manager
Year founded
2023
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
BlackRock
Issuer
Sector focus
Frequently asked questions
Who is the issuer of the iShares Ethereum Trust ETF?
BlackRock, the world's largest asset manager with over $10 trillion in AUM as of 2024, issues the ETF. Robert Mitchnick leads BlackRock's digital asset division (per public filings).
How does the fund hold ether?
Coinbase Custody acts as the primary custodian, holding the ether in cold storage with monthly reserve attestations. The fund does not use derivatives or leverage (per the fund's prospectus).
What is the expense ratio?
The fund charges 0.25%, which is competitive with existing crypto ETF structures. BlackRock's spot Bitcoin ETF also charges 0.25% (per fund documents).
Where does the fund trade and under what ticker?
The iShares Ethereum Trust ETF trades on Nasdaq under the ticker ETHA (per Nasdaq listing information).
How does this compare to BlackRock's spot Bitcoin ETF?
The structural templates are identical: both use Coinbase Custody, cold storage, monthly attestations, and 0.25% expense ratios. IBIT exceeded $20B AUM within its first year (per Bloomberg data).
Is the fund available to retail investors?
Yes, it trades as an ETF on Nasdaq and is available through standard brokerage accounts, unlike some crypto trust structures which trade at premiums or discounts (per the fund's listing).
What index does the fund track?
The fund tracks the CME CF Ether-Dollar Reference Rate, which aggregates trade data from major crypto exchanges (per the fund's prospectus).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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