Top Spot Ethereum ETFs

### Top Spot Ethereum ETFs (as of November 2025)

Spot Ethereum ETFs, launched in the US in July 2024, provide direct exposure to Ethereum's (ETH) price by holding actual ETH (typically custodied by Coinbase). They all track ETH very closely, so performance differences are minimal and mainly come from expense ratios (fees eat into returns over time). Key factors for "best" include:

- **Lowest fees**: Critical for long-term holding.
- **Highest assets under management (AUM)**: Indicates liquidity, tighter spreads, and institutional trust.
- **Inflows and popularity**: Shows investor preference.
- **Issuer reputation**: BlackRock, Fidelity, etc., offer strong backing.

There is no single "best" ETF — it depends on your priorities — but **BlackRock's iShares Ethereum Trust (ETHA)** is widely considered the top overall choice due to its massive AUM (often >$16B+), strong inflows, competitive effective fee, and BlackRock's dominance (similar to their Bitcoin ETF). Fidelity's FETH is a close second for pure low fees and reliability.

#### Comparison of Leading Spot Ethereum ETFs

Ticker	Issuer	Expense Ratio (Standard)	Current/Effective Fee (with waivers if any)	Approx. AUM (Nov 2025)	Notes / Why Strong Contender
ETHA	BlackRock (iShares)	0.25%	~0.12–0.25% (waivers often extended or competitive)	>$16B+	Largest by far, highest inflows, best liquidity. Institutional favorite.
FETH	Fidelity	0.25%	0.25% (no widespread waivers needed)	Multi-billion	Rock-bottom consistent fee, excellent tracking, trusted brand. Great for long-term.
ETH	Grayscale Ethereum Mini Trust	0.15%	0.15%	~$1–3B	Lowest fee overall, spun off from higher-fee ETHE. Best pure cost play.
EZET	Franklin Templeton	0.19%	0.19%	Growing rapidly	Very competitive fee, strong early inflows.
ETHV	VanEck	0.20%	0.20%	Solid	Low fee, experienced crypto issuer.
ETHE	Grayscale (original)	2.50%	2.50% (reduced from pre-ETF levels)	~$3–5B	High liquidity but expensive — avoid unless you need it specifically.

*Data compiled from sources like ETFdb, CoinMarketCap, CryptoPotato, Bankrate, and recent analyses (Aug–Nov 2025). AUM and exact waivers fluctuate; many early waivers have expired or converted to permanent low rates.*

#### Recommendations
- **Best overall / most popular**: **iShares Ethereum Trust (ETHA)** — Dominates inflows (e.g., often 40%+ of new money), massive scale reduces risks, and BlackRock's infrastructure is unmatched.
- **Best for lowest fees**: **Grayscale Ethereum Mini Trust (ETH)** at 0.15% or **Franklin EZET** at 0.19%.
- **Best balance of fee + trust**: **Fidelity FETH** — Simple 0.25% with no gimmicks, Fidelity's custody and brokerage integration.
- Avoid high-fee legacy products like Grayscale's main ETHE (2.5%) unless you're already in it.

All these trade like stocks on major exchanges (e.g., Nasdaq, Cboe) and can be held in IRAs/401(k)s. Ethereum ETFs do **not** currently include staking yields (SEC rules), so returns = ETH price change minus fees.

If you're buying now (November 18, 2025), check real-time quotes and flows on sites like etf.com or your broker, as ETH has been volatile but showing momentum in late 2025. For alternatives, futures-based ETH ETFs exist but track worse than spot versions.