AETH ETF — Bitwise Trendwise Ethereum & Treasuries Rotation Strategy ETF

Bitwise Trendwise Ethereum & Treasuries Rotation Strategy ETF (AETH)

Updated October 2, 2026.

AETH is an ETF. its distribution rate is 2.32%, its trailing-12-month yield is 2.32%, its expense ratio is 0.89%. Dividend Vision Distribution Safety Score™ is 43/100 (Unproven). Total return is 88.1% over the past 3 years, 1.3 points ahead of SPY at 86.8%.

At the current 2.32% distribution rate, a $10,000 investment would generate approximately $232 per year if the next payment matches the last regular one.

Bitwise Trendwise Ethereum & Treasuries Rotation Strategy ETF is an ETF that rotates between ether futures contracts and U.S. Treasury securities, maintaining at least eighty percent exposure to these two assets under normal conditions. The fund carries a modest current distribution rate, pays distributions annually, and has an expense ratio of 0.89%. It may appeal to investors seeking exposure to cryptocurrency with the stability of Treasury securities in a single rotating strategy.

AETH performance versus SPY

Price and return data through 2026-10-02.

Total return is 88.1% over the past 3 years, 1.3 points ahead of SPY at 86.8%. Over the past year its total return — price change plus distributions reinvested — is -19.8%. Its deepest 1-year drawdown was 39.3%.

AETH key facts

Distribution Safety Score™

43 · Unproven

Issuer

Bitwise Investments

Asset type

ETF

Asset class

Crypto

Inception date

09/29/2023

Expense ratio

0.89%

Distribution rate

2.32%

Distribution frequency

Annual

Trailing yield

2.32%

Last close

$37.54 (as of 2026-10-02)

AUM

$6,634,812

Average volume

400.0

Last dividend

$0.87

Last ex-dividend date

12/26/2025

Last payment date

12/30/2025 (as of 2025-12-30)

How Dividend Vision calculates yield and returns

Distribution rate (2.32%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.32%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Bitwise Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AETH risks and drawbacks

AETH's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 39.3%.

Who may consider AETH — and who may not

AETH may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (AETH pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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