iShares Ethereum Trust (ETHA)
Leading spot Ethereum ETF from BlackRock – direct exposure to Ether with institutional-grade custody and liquidity.
Key Facts
| Issuer | BlackRock (iShares) |
|---|---|
| Ticker | ETHA (NASDAQ) |
| Expense Ratio | 0.25% |
| Approx. AUM | $10.9B (as of Jan 9, 2026) |
| Custodian | Coinbase Custody |
| Inception | June 24, 2024 (trading July 23, 2024) |
| Official Site | iShares ETHA Page |
Composition / Holdings
ETHA is 100% physically-backed spot Ethereum (no derivatives or futures).
| Asset | Percentage | Description |
|---|---|---|
| Ether (ETH) | 100% | Physically-backed spot Ether held in cold storage by Coinbase Custody |
No leverage, futures, or other assets. Direct 1:1 exposure to Ether price (less fees). No staking rewards passed through currently.
Net Inflows & Outflows
Historical net flows showing investor demand. Strong cumulative inflows (~$12.72B since launch), but recent volatility with 3 consecutive days of outflows in early Jan 2026 (e.g., -$93.8M total on Jan 9, ETHA -$83.8M).
Performance Overview
NAV tracking and returns vs. Ether spot price (high correlation, minor tracking error from fees).
ESG & Sustainability Metrics
Estimated ESG profile for Ethereum (post-Merge PoS improves energy score; strong on decentralization/utility).
Pros
- Largest/most liquid spot ETH ETF by AUM and volume
- Backed by BlackRock – world's largest asset manager
- Competitive 0.25% fee with tight tracking
- Strong institutional adoption & distribution
Cons
- Full exposure to Ether price volatility
- No staking rewards passed to holders (yet)
- Custodian concentration risk (Coinbase)
- No direct Ether ownership/withdrawals
How to Buy ETHA
Available on major US brokers (Fidelity, Schwab, Vanguard, Robinhood, etc.). Search ticker ETHA. Excellent for brokerage and retirement accounts (IRA/401k) due to BlackRock's reach.
Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: BlackRock, Farside Investors, SoSoValue). Always verify with official sources.