21Shares Ethereum ETP (WETH.EU)
Long-running physically-backed spot Ether ETP from 21Shares – direct Ether exposure listed across major European exchanges.
Key Facts
| Issuer | 21Shares AG |
|---|---|
| Ticker | WETH (Xetra, Euronext, SIX Swiss, etc.) |
| TER | 2.50% |
| Approx. AUM | €300M (as of Jan 9, 2026) |
| Custodian | Coinbase Custody |
| Inception | February 2019 |
| Official Site | 21Shares WETH Page |
Composition / Holdings
WETH 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 (less fees). No staking rewards passed through currently.
Net Inflows & Outflows
Historical net flows showing investor demand. Long-term positive cumulative since 2019 inception, with recent mixed trends in 2025-2026 Ether market.
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
- One of the longest-running physically-backed Ether products in Europe (since 2019)
- Direct 1:1 Ether exposure in cold storage
- Listed on multiple major European exchanges (high accessibility)
- Regulated ETP structure
Cons
- High 2.50% TER vs. US spot peers
- Full exposure to Ether price volatility
- No staking rewards passed to holders
- No direct Ether ownership/withdrawals
How to Buy WETH.EU
Available on major European brokers and exchanges (Degiro, Interactive Brokers, Saxo Bank, etc.). Search ticker WETH or ISIN CH0454664043 (venue-dependent). Accessible for EU/EEA/Swiss investors.
Not financial advice. Investments in crypto ETPs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: 21Shares, JustETF, Yahoo Finance). Always verify with official sources.