VanEck Ethereum ETF

VanEck Ethereum ETF is a U.S.-domiciled exchange-traded fund structured as a Delaware statutory trust that provides investors with listed exposure to ether (ETH). The trust holds ETH and issues shares that trade on an exchange under the ticker ETHV, with its value designed to track the market price of ETH less trust expenses.

— VanEck Ethereum ETF
%
Spot Ethereum ETF100% Listed fund shares designed to track the price of ether held by the trust.

The ETF is bought by investors seeking regulated, exchange-traded exposure to ether without directly holding digital...

  • Retail investorsprimary

    Buy shares for simple, brokerage-account exposure to ether without self-custody.

  • Financial advisers and wealth platformssecondary

    Use the ETF as a regulated allocation tool for client portfolios.

  • Institutionssecondary

    Purchase shares for operationally simpler ETH exposure through listed securities.

  • Authorized participantsprimary

    Create and redeem baskets to arbitrage share price versus NAV.

The trust is organized in the United States as a Delaware statutory trust and its shares trade on a U.S. exchange...

  • •U.S.-domiciled Delaware statutory trust
  • •Shares trade on a U.S. exchange under ticker ETHV
  • •Underlying ETH exposure is tied to global crypto markets
  • •Operations depend on U.S.-based sponsor, trustee, and service providers

The trust’s strategy is purely passive: it seeks to reflect the price of ETH, less operating expenses, rather than...

01
Maintain tight tracking to ETHshort-term

The fund’s value proposition depends on mirroring ether’s market price.

02
Preserve efficient market accessshort-term

Exchange trading and authorized participant activity support liquidity and pricing efficiency.

The trust is exposed to ETH price volatility, network and protocol risks, and the operational risks of digital asset...

critical

Private key or custody compromise

ETH is bearer-like and loss of keys can be irreversible.

Scope
Asset security
Materiality
high
high

ETH market volatility

The trust holds ether directly, so share value moves with ETH price.

Scope
NAV and share price
Materiality
high
high

Ethereum network failure or protocol disruption

Forks, bugs, or scaling issues could reduce adoption or damage ETH value.

Scope
Underlying asset value
Materiality
high
high

Digital asset trading venue fraud or manipulation

Unregulated or weakly regulated venues can distort ETH pricing.

Scope
Reference price and market confidence
Materiality
high
medium

Service provider and cloud infrastructure outages

The trust depends on third-party systems for administration and operations.

Scope
Operational continuity
Materiality
medium
Fair value measurement of ETH
Directly affects assets, NAV per share, and unrealized gains/losses
Realized versus unrealized ETH gains and losses
Affects period earnings and comparability across quarters
Sponsor fee waivers
Impacts net investment loss and expense presentation
Share creation and redemption accounting
Influences per-share metrics and flows

VanEck Bitcoin ETF

HODL · Commodity Contracts Brokers & Dealers

Fidelity Ethereum Fund

FETH · Finance Services

iShares Ethereum Trust ETF

ETHA · Commodity Contracts Brokers & Dealers

Invesco Galaxy Ethereum ETF

QETH · Commodity Contracts Brokers & Dealers

Franklin Ethereum Trust

EZET · Commodity Contracts Brokers & Dealers

Grayscale Ethereum Staking ETF

ETHE · Commodity Contracts Brokers & Dealers

: 29/04/2026