Bitwise Ethereum ETF (ETHW) is a spot Ethereum exchange-traded fund from Bitwise, trading on US markets under the ticker ETHW. Each share currently trades at $17.14, down 7.35% over the past 24 hours. Across its 52-week range, ETHW has moved between $10.93 and $34.11.
As a spot ETF, ETHW's share price closely follows the market value of the Ethereum the fund holds, minus its annual management fee. The chart above shows ETHW price history at 5-minute resolution, so you can see intraday moves alongside longer-term performance (-3.70% over 7 days, +27.57% over 30 days). Each share represents a fractional claim on the fund's Ethereum holdings, and authorised participants create or redeem shares to keep the market price aligned with the fund's net asset value (NAV).
Buying ETHW is different from buying Ethereum on a crypto exchange. With the ETF you never hold the underlying coins yourself — the fund's custodian does — so there are no wallets, seed phrases or withdrawal risks to manage. In exchange, you pay the fund's management fee and can only trade during US market hours. Holding Ethereum directly gives you 24/7 trading and full self-custody, but shifts all the security and storage responsibility onto you. Many investors choose ETHW specifically because it fits inside a normal brokerage or tax-advantaged account.
ETHW is a spot ETF, meaning it holds Ethereum directly rather than tracking Ethereum futures contracts. A futures-based ETF gets its exposure from derivative contracts that must be rolled over as they expire, which can create tracking error and extra costs over time. Because ETHW holds the underlying Ethereum, its share price tends to follow the spot market more closely, without the roll costs that can weigh on futures-based products.
ETHW trades on a US stock exchange during regular market hours, while Ethereum itself trades around the clock. When Ethereum moves significantly overnight or over a weekend, ETHW can open at a noticeably different price than it closed at — a "gap." This is normal for any crypto ETF and is one reason the 5-minute chart and the 52-week range above are useful for understanding how ETHW actually behaves day to day.
ETHW is one of several US-listed spot Ethereum ETFs. Compare it with the other funds tracking Ethereum:
| Ticker | Fund | Price |
|---|---|---|
| ETHW | Bitwise Ethereum ETF | $17.14 |
| iShares Ethereum Trust | $18.06 | |
| iShares Staked Ethereum Trust | $30.99 | |
| 21Shares Core Ethereum ETF | $12.06 | |
| Fidelity Ethereum Fund | $23.83 | |
| VanEck Ethereum ETF | $35.06 | |
| Invesco Galaxy Ethereum | $23.99 | |
| Franklin Ethereum ETF | $18.13 | |
| Grayscale Ethereum Trust | $19.20 | |
| Grayscale Ethereum Mini Trust | $22.88 |
Bitwise Ethereum ETF (ETHW) is a US-listed spot Ethereum ETF issued by Bitwise. It gives investors regulated exposure to Ethereum price through a standard brokerage account, without holding Ethereum directly.
ETHW currently trades at $17.14, down 7.35% over the past 24 hours. Prices on this page update from market data in real time.
ETHW tracks the market value of the Ethereum held by the fund, minus management fees, so its share price moves closely with Ethereum. The key difference is timing: Ethereum trades 24/7, but ETHW only trades during US stock-exchange hours, so its price can gap at the open to catch up with moves that happened overnight or over the weekend.
Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.
ETHW can be bought through any brokerage that offers US-listed ETFs — you search for the ticker ETHW, place an order, and the shares settle like any stock. To follow performance afterwards, add ETHW to a free portfolio on CryptoETF.today: record your buys and sells, and the portfolio automatically tracks your average cost, current value and realised/unrealised profit.
Yes. ETHW is a spot Ethereum ETF — its value tracks the price of Ethereum held by the fund, rather than futures contracts, which avoids the roll costs that can drag on futures-based products.
Like all ETFs, ETHW charges an annual management fee (expense ratio) that is deducted gradually from fund assets rather than billed separately. For the exact current rate, check Bitwise's official fund page.
Because ETHW is a regular exchange-listed security, it can typically be bought and held in the same brokerage and tax-advantaged accounts (such as US IRAs) that support other ETFs — something that is harder to do when holding Ethereum directly.
ETHW is issued by Bitwise.
You can follow the live ETHW price and interactive chart on this page and add ETHW to a free portfolio on CryptoETF.today to track holdings, average cost and profit/loss.