Bitwise Ethereum ETF (ETHW)
Low-cost spot Ethereum ETF from Bitwise – direct exposure to Ether with crypto-specialist management and transparent custody.
Key Facts
| Issuer | Bitwise Investment Advisers, LLC |
|---|---|
| Ticker | ETHW (NYSE Arca) |
| Expense Ratio | 0.20% |
| Approx. AUM | $384M (as of Jan 9, 2026) |
| Custodian | Bank of New York Mellon |
| Inception | July 22, 2024 (trading start) |
| Official Site | Bitwise ETHW Page |
Composition / Holdings
ETHW is 100% physically-backed spot Ethereum (no derivatives or futures).
| Asset | Percentage | Description |
|---|---|---|
| Ether (ETH) | 100% | Physically-backed spot Ether held in secure custody |
Direct 1:1 exposure to Ether price (less fees). No staking rewards passed through currently.
Net Inflows & Outflows
Historical net flows showing investor demand. Modest positive cumulative inflows since launch, but recent volatility in early Jan 2026 (e.g., outflows like -$11.2M on Jan 7, aligned with category trends).
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
- Low 0.20% expense ratio – among the most competitive
- Managed by Bitwise – crypto specialists with transparency focus
- Traditional banking custody (Bank of New York Mellon)
- Strong early inflows and ecosystem commitment
Cons
- Smaller AUM/liquidity vs. BlackRock or Fidelity peers
- Full exposure to Ether price volatility
- No staking rewards passed to holders (yet)
- No direct Ether ownership/withdrawals
How to Buy ETHW
Available on major US brokers (Fidelity, Schwab, Vanguard, Robinhood, etc.). Search ticker ETHW. Good option for cost-conscious investors seeking crypto-specialist management.
Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: Bitwise official, Farside Investors, SoSoValue, CoinGlass). Always verify with official sources.