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EETH

$2.87-4.01%Crypto ETFs14/100
Fund Page ↗

Global X 21Shares Ethereum ETF · Global X

Data as at 29 March 2026

TL;DR

Holds physical Ethereum directly, providing AUD-denominated exposure to the second-largest cryptocurrency by market capitalisation. Listed on CBOE Australia.

MER (Annual Fee)
0.59%
#2 lowest in Crypto ETFs
1Y Return
+2.9%
3Y Return (p.a.)
+3.6%
Dividend Yield
-
Non-distributing
AUM
$36.8M
Assets under management
Avg Daily Turnover
$114K
Avg shares × unit price
Unit Price
$2.87
As at 29 March 2026
Provider
Global X
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Strategy

Physically-backed Ethereum ETF managed by Global X via 21Shares. Ethereum is held in custody by Coinbase. Listed on CBOE Australia.

Top Holdings

Key Fact

Ethereum differs from Bitcoin in its primary purpose. Bitcoin is designed as a store of value and medium of exchange. Ethereum is a programmable blockchain for smart contracts. Their price drivers are related but different.

Suited for

Investors who want regulated Ethereum exposure through a standard brokerage account. Ethereum is the blockchain platform underpinning decentralised applications, smart contracts, and much of the DeFi ecosystem.

Risks

Ethereum is highly volatile and subject to regulatory uncertainty. Its value depends on demand for the Ethereum network's computing capacity, which can change significantly with competing protocols and shifting developer activity.

ETFCheck Score14/100
Fees (40%)12
Fund Size (25%)0
Liquidity (20%)48
Yield (15%)0
How scores are calculated →
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Frequently Asked Questions - EETH

Why doesn't EETH pass on Ethereum's approximately 4% staking yield to unitholders?+
Although Ethereum's proof-of-stake mechanism generates roughly 4% annual staking rewards, EETH's fund structure does not currently stake the underlying Ethereum or distribute staking income to holders. This means investors receive zero yield and rely entirely on ETH price appreciation for returns. Australian investors comparing EETH to directly staking Ethereum should factor in this forgone yield alongside the 0.59% MER when calculating true cost of ownership on the ASX.
How has EETH performed relative to EBTC and what drives the return difference?+
EETH's 48.6% one-year return trails EBTC's 72.4%, reflecting Ethereum's underperformance versus Bitcoin during this cycle driven by Bitcoin ETF inflows and halving narrative dominance. Ethereum faces additional competitive pressure from Layer 2 networks and rival blockchains like Solana reducing demand for base-layer ETH. Australian investors should view EETH as a distinct thesis on smart contract platform adoption rather than a substitute for Bitcoin exposure through EBTC.
Is EETH physically backed by real Ethereum and how is custody handled?+
Yes, EETH is physically backed by actual Ethereum tokens held through Coinbase Custody with institutional insurance coverage, mirroring the same custody framework as its sister fund EBTC. Each unit represents a claim on real ETH rather than synthetic derivatives or futures contracts. This ASIC-approved structure provides Australian investors and SMSF trustees with a regulated, transparent way to hold Ethereum without managing private keys or personal wallets.
What are the key risks specific to holding EETH that Australian investors should understand?+
Beyond standard crypto volatility, EETH carries Ethereum-specific risks including potential protocol changes, competition from alternative blockchains, and regulatory uncertainty around whether ETH could be classified as a security in major jurisdictions. The inability to earn staking yield means EETH holders face a structural drag compared to direct ETH stakers. Australian SMSF investors should also consider that concentration in a single altcoin may raise diversification concerns with fund auditors.