ETHW ETF — Bitwise Ethereum ETF

Bitwise Ethereum ETF (ETHW)

Updated October 16, 2026.

ETHW is a low-cost ETF. its expense ratio is 0.00%. Total return is -30.6% over the past 2.2 years, 72.0 points behind SPY at 41.4%.

Bitwise Ethereum ETF is a passively managed fund that holds ether directly and accrues its sponsor fee in U.S. dollars rather than distributing it to shareholders. The fund does not currently distribute income to investors. With a zero expense ratio, this ETF appeals to investors seeking direct exposure to ethereum without ongoing management fees, though it generates no dividend or yield income.

ETHW performance versus SPY

Price and return data through 2026-10-16.

Total return is -30.6% over the past 2.2 years, 72.0 points behind SPY at 41.4%. Over the past year its total return — price change plus distributions reinvested — is -37.7%. Its deepest 1-year drawdown was 63.0%.

ETHW key facts

Issuer

Bitwise Investments

Asset type

ETF

Asset class

Crypto

Inception date

07/22/2024

Expense ratio

0.00%

Distribution frequency

None

Last close

$17.24 (as of 2026-10-16)

AUM

$273,065,304

Average volume

361747.0

Beta

2.9385

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.

ETHW risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 63.0%.

Who may consider ETHW — and who may not

ETHW may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (ETHW does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ETHW

• All tickers starting with E

Tagged: Crypto.

Frequently asked questions

More securities from Bitwise Investments.