ETF Versus

ETHA vs IBIT

iShares Ethereum Trust ETF vs iShares Bitcoin Trust ETF

Last updated: 2026-04-02

iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $6.1B ER: 0.25% Yield: N/A Since: Jul 24, 2024

iShares Bitcoin Trust ETF (IBIT) is an exchange-traded fund that provides exposure to cryptocurrency securities. It charges a moderate expense ratio of 0.25%. Launched in 2024, the fund has a 2-year track record.

AUM: $51.9B ER: 0.25% Yield: N/A Since: Jan 5, 2024

Quick Verdict

Over the past year, ETHA has significantly outperformed with a 11.7% return vs -20.0%.

Key Metrics

Metric ETHA IBIT
Expense Ratio 0.25% 0.25%
Dividend Yield N/A N/A
Fund Family N/A N/A
Category Cryptocurrency Cryptocurrency

Performance Chart

Indexed to 100 at start (5-year comparison)

40 84 128 172 216 260 2024-07 2024-12 2025-05 2025-10 2026-04
ETHA -38.4%
IBIT +45.1%

Performance Comparison

Period ETHA IBIT Difference
1 Month +5.14% -1.42% +6.56%
3 Months -31.47% -24.15% -7.32%
6 Months -52.83% -44.65% -8.18%
YTD -31.47% -24.15% -7.32%
1 Year +11.68% -20.00% +31.68%
3 Years -38.41% +45.10% -83.51%
5 Years -38.41% +45.10% -83.51%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period ETHA Fees IBIT Fees You Save
$10.000 10 years $495 $495 $0
$10.000 20 years $2.111 $2.111 $0
$10.000 30 years $6.758 $6.758 $0
$50.000 10 years $2.473 $2.473 $0
$50.000 30 years $33.792 $33.792 $0
$100.000 30 years $67.584 $67.584 $0

Risk Metrics

Based on 5 years of daily returns

Metric ETHA IBIT
Annualized Volatility 74.9% 51.2%
Max Drawdown -64.0% -49.4%
Sharpe Ratio -0.07 0.50

Dividend Comparison

Metric ETHA IBIT
Annual Dividend (per share) $0.00 $0.00
Dividend Yield 0.00% 0.00%
Distribution Frequency None None

Top Holdings

IBIT Top Holdings

NameWeight
Grayscale Bitcoin Mini Trust ETF#BTC100.00%
USD CASHUSD0.00%

Which One Should You Choose?

Choose ETHA if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad cryptocurrency exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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