# iShares Ethereum Trust ETF (ETHA)

> Source: Nexqual · https://nexqual.com/ETHA · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, iShares Ethereum Trust ETF (ETHA), nexqual.com/ETHA" · informational, not investment advice.

**Price:** USD 54.08 (+0.37% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 53.88 · day 53.73–54.63 · 52w 34.58–96.15 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y -39.3% vs S&P 500 +13.4%; 5Y -27.5% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Operating income | -$889K | -$18.4M | — |
| Net income | $34.4M | -$2.32B | -$5.64B |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2024-07-22) |
|---|---|---|
| Total return | -39.3% | -27.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -39.4% | -13.3% |
| Volatility (annualized) | 63.3% | 63.8% |
| Max drawdown | -63.0% (Oct 2025→Jun 2026) | -67.6% (Aug 2025→Jun 2026) |

## Peers
IBIT (iShares Bitcoin Trust ETF) USD 45.96 -0.22% · BMNR (BitMine Immersion Technologies,) USD 22.4 -0.44% · CRCL (Circle Internet Group, Inc.) USD 85.91 -0.82% · FBTC (Fidelity Wise Origin Bitcoin Fu) USD 70.61 -0.18% · SBET (SharpLink, Inc.) USD 7.63 -2.93%

## More
Full page: https://nexqual.com/ETHA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ETHA's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/2000638/000143774926006054/etha20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Coinbase Global, Inc. (COIN) | "The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding ether with the Ether Custodian or the Prime Execution Agent and may not be ava…" |
| Partner | BlackRock, Inc. (BLK) | "BlackRock aims to inform and continuously improve its cybersecurity program through engagement with regulatory, client, insurer, vendor, partner, peer, government and industry organizations and associations, as well as e…" |