Invesco Physical Ethereum ETC (INETH)
Low-cost physically-backed spot Ether ETC from Invesco – direct Ether exposure listed across major European exchanges.
Key Facts
| Issuer | Invesco |
|---|---|
| Ticker | INETH (Xetra, Euronext, LSE, etc.) |
| TER | 0.19-0.25% |
| Approx. AUM | €130M (as of Jan 9, 2026) |
| Custodian | Coinbase Custody |
| Inception | Q2 2021 |
| Official Site | Invesco INETH Page |
Composition / Holdings
INETH 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 |
Direct 1:1 exposure to Ether price (low fees). No staking rewards passed through currently.
Net Inflows & Outflows
Historical net flows showing investor demand for low-cost Ether exposure. Steady positive cumulative inflows since Q2 2021 launch (AUM ~€130M), supported by competitive pricing.
Performance Overview
NAV tracking and returns vs. Ether spot price (high correlation, minimal tracking error from low fees).
ESG & Sustainability Metrics
Estimated ESG profile for Ethereum (post-Merge PoS improves energy score; strong on decentralization/utility).
Pros
- Very low 0.19-0.25% TER – highly competitive in Europe
- Direct 1:1 physical Ether exposure in cold storage
- Backed by Invesco – established global asset manager
- Listed on multiple major European exchanges
Cons
- Smaller AUM/liquidity vs. larger ETPs like WETH
- Full exposure to Ether price volatility
- No staking rewards passed to holders
- No direct Ether ownership/withdrawals
How to Buy INETH
Available on major European brokers and exchanges (Degiro, Interactive Brokers, Saxo Bank, etc.). Search ticker INETH or ISIN IE00BGBN6P67 (venue-dependent). Excellent low-cost option for EU/UK/Swiss investors.
Not financial advice. Investments in crypto ETCs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: Invesco, justETF, Yahoo Finance). Always verify with official sources.