ETHW

Bitwise Ethereum ETF

ETHW is a low-cost Ethereum fund built by crypto specialists. The Fund holds ether (ETH), the second-largest crypto asset in the world and the force behind some of the most popular projects in crypto. Search ETHW or talk to your financial advisor.

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Bitwise donates 10% of profits from ETHW to Ethereum open-source development.

The Bitwise Ethereum ETF (ETHW) is not suitable for all investors. An investment in the Fund is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. Please see important information at the bottom of this page to learn more about the risks associated with an investment in ETHW. The Fund is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act.

Why invest in ETHW?

Ethereum is the groundbreaking platform on which some of the world’s largest companies are building crypto applications. The Fund holds ether (ETH), the asset that supports the Ethereum network.

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A Fund Built by Crypto Specialists

Bitwise is the world’s largest crypto index fund manager, with a seven-year track record and a suite of seven crypto-themed ETFs. Bitwise’s nationwide team of more than 80 crypto specialists helps investors understand the latest developments across Ethereum and crypto, with state-of-the-art tools and timely insights born of deep experience in the space.

The Most Popular Crypto Platform*

Bitwise CIO Matt Hougan calls Ethereum “the world’s most exciting crypto asset.” Today, a majority of the most popular crypto applications—from decentralized finance (DeFi) to stablecoins to non-fungible tokens (NFTs)—are built on Ethereum. These apps support millions of users and execute billions of annual transactions.

Supporting the Future of Ethereum

Ethereum is an open-source technology that is built and maintained by a dedicated community of developers. Bitwise donates 10% of profits from ETHW to support these core contributors, helping to ensure Ethereum’s security, scalability, and usability.

*By number of users, developers, and applications. Source: DappRadar, Artemis, and Token Terminal as of September 30, 2024.

Fund Summary

About the ETHW Fund

Fund Details

Data as of 11/20/2024

Ticker

ETHW

Number of Holdings

1

Administrator

Bank of New York Mellon

Fund Type

ETP

Shares Outstanding

15,860,000

Marketing Agent

Foreside Fund Services, LLC

CUSIP

091955104

Sponsor Fee*

0.20%

Legal Counsel

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

ISIN

US0919551046

Inception Date

July 22, 2024

Auditor

KPMG

Exchange

NYSE Arca

Sponsor

Bitwise Investment Advisers, LLC

Trust Custodian

Bank of New York Mellon

Net Assets (AUM)

$349,400,223

Daily Volume (Shares)**

271,258

Digital Asset Custodian

Coinbase Custody Trust Co., LLC

* For a six-month period commencing on the day the Shares are initially listed on the Exchange, the Sponsor has agreed to waive the entire Sponsor Fee on the first $500 million of Trust assets. If the Trust’s net assets exceed $500 million, the Sponsor’s Fee charged on assets over $500 million will be 0.20%. All investors will incur the same Sponsor’s Fee which is the weighted average of those fee rates. After January 22, 2025, the Sponsor’s Fee will be 0.20%. Other fees such as brokerage and commission expenses may apply.

Fund Materials

PDF

Fact Sheet

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PDF

Investment Case

View
PDF

Prospectus

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PDF

Bitwise Regional Contacts

View
Link

SEC Filings

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Fund Holdings

Data as of 11/20/2024

Name
ETH in Trust
Market Value
ETH per Share
Weight
Name
ETHEREUM
ETH in Trust
113,784.09
Market Value
$349,400,223.26
ETH per Share
0.007174
Weight
100%

Holdings are subject to change. Current and future holdings are subject to risk.

ETH Holding Addresses

Data as of 11/21/2024

"ETH Holding Addresses" refers to the public addresses on the Ethereum blockchain that are associated with the Fund’s ether holdings.

Premium / Discount

Data as of 11/19/2024

NAV
Market Price
Difference
Premium/ Discount
$22.36
$22.26
$0.10
-0.45%
Q3 2024
Q4 2024
2024
Days Traded at NAV
Q3 20244
Q4 20244
20248
Days Traded at Premium
Q3 202424
Q4 202419
202443
Days Traded at Discount
Q3 202421
Q4 202413
202434

Net Asset Value (NAV) and Market Price

Data as of 11/19/2024

NAV: $22.36
Market Price: $22.26
NAV Change: -$0.29 / -1.28%
Market Price Change: -$0.43 / -1.90%
Median Bid-Ask Spread (30-Day): 0.16%
To

30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.

ETHW Quarter-End Performance

Data as of 09/30/2024

3 Months
YTD
1 Year
Since Inception
NAV
3 Months
YTD
1 Year
Since Inception-25.64%
Market Price
3 Months
YTD
1 Year
Since Inception-25.56%

Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-866-880-7228.
 
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses. Shares are subject to a 0.85% Expense Ratio that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.

Learn more about the Bitwise Ethereum ETF (ETHW) today.

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