Performance data is updated to 31 May 2026.
Ethereum ETF (EETH) — Review & Analysis
EETH is the largest spot Ethereum ETF on the ASX with AUM of $28.92 million as at May 2026. The fund tracks the AUD price of Ethereum via physical ETH custody (not futures), with 21Shares as sub-adviser — the same European crypto specialist behind EBTC. The 0.45% p.a. management fee matches QETH and sits 20bp above the cheapest option IETH.
Ethereum is fundamentally different from Bitcoin as an investment thesis. Bitcoin's value proposition is monetary — fixed supply, decentralised store of value. Ethereum's value derives from its role as the dominant smart-contract platform underpinning most decentralised finance, stablecoins, NFTs and on-chain financial services. Holding ETH is closer to owning equity in an internet protocol than holding a digital commodity.
EETH competes head-to-head with QETH (Betashares, $19.05M, also 0.45%) and IETH (Monochrome, 0.25%). The three funds offer functionally identical exposure — the differentiators are issuer brand, AUM scale and fee tier. EETH's scale advantage at the 0.45% tier means tighter bid-ask spreads at execution.
ETH has historically been more volatile than Bitcoin, with sharper drawdowns and stronger relative recoveries during crypto bull cycles. The fund is unhedged. Our crypto ETFs on the ASX guide covers the distinct ETH thesis and wrapper options.
Performance (% return)
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Best Bitcoin & Crypto ETFs Australia 2026: Every Fund on the ASX Compared
Every Bitcoin and crypto ETF on the ASX compared. 11 funds, $679M AUM, fees from 0.25%, BTC vs ETH performance — independent, data-driven.
Crypto ETFs on the ASX: Bitcoin, Ethereum, and Everything In Between
There are now 11 crypto ETFs on the ASX and Cboe Australia, collectively holding $818 million in assets. Three types: six Bitcoin spot ETFs ($580M combined), three Ethereum spot ETFs ($65M), and two crypto equities/blockchain ETFs ($173M). Together they represent the first time Australian retail and SMSF investors can get meaningful crypto exposure without ever touching a crypto exchange.
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| VBTC | VanEck Bitcoin ETF | -38.05% |
| CRYP | Crypto Innovators ETF | +36.79% |
| EBTC | Bitcoin ETF | -37.94% |
| IBTC | Monochrome Bitcoin ETF | -37.95% |
| QBTC | BetaShares Bitcoin Futures ETF | -38.31% |
Disclaimer
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Last updated: January 2026
