Performance data is updated to 31 May 2026.
Ethereum ETF (QETH) — Review & Analysis
QETH is Betashares' physical Ethereum ETF with AUM of $19.05 million as at May 2026 and a 0.45% p.a. management fee. The fund tracks the AUD price of Ethereum via physical ETH custody — mirroring the structure of Betashares' sister product QBTC for Bitcoin.
QETH sits as the second-largest spot Ethereum ETF on the ASX, behind EETH ($28.92M, also 0.45%) and ahead of IETH (Monochrome, 0.25%). The three ETH ETFs offer functionally identical exposure — the differentiators are issuer brand, AUM scale and fee. QETH's strength is the Betashares brand and its established Australian distribution into the adviser and SMSF market.
The Ethereum investment case is meaningfully different from Bitcoin's. Where Bitcoin functions as a digital store-of-value asset, Ethereum is the infrastructure layer for decentralised finance and smart-contract applications. ETH's price drivers include network activity, layer-2 ecosystem growth, staking yields and macro liquidity — all distinct from Bitcoin's monetary thesis.
For investors who already use Betashares for broader portfolio holdings, QETH offers consistency in issuer choice for an Ethereum allocation. ETH has historically had higher volatility than BTC, particularly in DeFi-driven boom phases. The fund is unhedged. Our crypto ETFs on the ASX guide covers the ETH case alongside Bitcoin and broader crypto-economy exposure.
Performance (% return)
Investment Focus
Exposure Regions
Portfolio Breakdown
| Sector | % assets |
|---|---|
| Ethereum | 100% |
Related Reads
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% |
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Last updated: January 2026
