Invesco Galaxy Ethereum ETF Overview
- Fund Name
- Invesco Galaxy Ethereum ETF
- Ticker
- QETH
- Listing Exchange
- Cboe BZX
- Fund Family / Issuer
- Invesco / Galaxy
- Underlying Asset
- Ethereum
Additional details
- Exposure
- Spot ether held by the trust.
- Fund Structure
- Delaware statutory trust, not registered as an investment company under the Investment Company Act of 1940.
- Annual sponsor fee
- 0.25%
- Fee Assessment Base
- Daily total net assets, as defined for the sponsor fee.
- Effective Annual Charge
- 0.25%
- Benchmark
- Lukka Prime Ethereum Reference Rate
- Custody Appointments
- Coinbase Custody Trust Company; Primary ether custodian; Holds the ether as the trust’s property and is liable for losses caused by its negligence, with a duty to replace lost ether.
- Retail Asset Redemption
- Individual shareholders cannot redeem shares for ether sent to a wallet. Authorized participants create and redeem blocks of shares with the trust.
- 30-day Median Bid/Ask Spread
- 0.08%As of Sep 23, 2026
- Fund Assets
- USD 24,310,000As of Sep 23, 2026
Market value of holdings
- Staking
- No
- Trust formed
- Sep. 27, 2023
- First exchange trading
- July 23, 2024
- Other investor costs
- Bid-ask spread and any broker charges are separate
- Official website
- Invesco QETH fund page
Invesco Galaxy Ethereum ETF Screenshots
Screenshot 1 of 8
Invesco Galaxy Ethereum ETF Pros and Cons
Pros
- Custodian answers for ordinary negligence
- Reports and disclosures up to date
- No personal wallet or keys to manage
Cons
- No staking rewards
- No ether withdrawals to your wallet
- Smallest fund we rate, at $24 million
Who QETH Is For
QETH fits investors who want ether exposure as a security and are content to leave storage to the fund’s service providers.
What QETH Is and How It Works
QETH holds ether so that its shares follow ether’s price, less expenses. It holds the ether itself and uses no futures contracts.
Shareholders own an interest in the trust. They can hold and trade that security but do not control the private keys to its ether.
Benchmark and How to Check Tracking
QETH values its ether using the Lukka Prime Ethereum Reference Rate, which sets the daily price used to calculate net asset value.
Net asset value, or NAV, is the value of the trust’s assets after liabilities, divided by the number of shares. To check tracking, compare the fund’s NAV return with the benchmark over matching dates. Comparing a closing value with an ether quote from another hour introduces a timing difference that has nothing to do with fees.
Is QETH Safe? Custody and Investment Risks
A fall in ether’s market price can substantially reduce your QETH holding. The exchange listing and the Invesco name offer no protection against that decline.
Who Holds QETH’s Ether?
Coinbase Custody Trust Company holds all of QETH’s ether. The agreement identifies the trust’s custody account and keeps its ether separate from Coinbase’s own assets.
Coinbase is liable where a loss results from its negligence, bad faith, fraud or willful misconduct. Liability remains subject to the agreement’s limits and exclusions.
Fund Structure and Regulatory Status
QETH is a Delaware statutory trust and is not registered under the Investment Company Act of 1940. Calling it an ETF does not give it the same regulatory framework as a fund registered under that act.
QETH Fees and Trading Costs
The sponsor fee is one part of what QETH costs. Buying and selling the shares adds costs of their own.
Applying 0.25% to a hypothetical $10,000 held at a constant value for a full year gives $25. Your costs move with the value of the holding, and trading costs come on top.
No fee waiver applies now.
Buying and Selling QETH
QETH trades on Cboe BZX. Brokerage access varies by account and location. Confirm the fund’s full name and ticker in your account, and check whether fractional shares and your account type are supported.
Share Price and NAV
The share price can sit above NAV, called a premium, or below it, called a discount. When authorized participants create or redeem shares with the trust, the market price tends to move back toward NAV. Check the current bid and ask prices and any broker commission before you trade.
Ether Withdrawals and Retail Shares
Buying a share does not put ether into a wallet you control. Retail investors buy and sell shares on the market. Authorized participants create and redeem blocks of 5,000 shares with the trust. That process gives an ordinary shareholder no way to withdraw ether personally.
Where to buy QETH
Explore broker options for Invesco Galaxy Ethereum ETF.
QETH — Cboe BZX · United States
Robinhood
U.S. accounts, subject to account eligibility and trading permissions.
Eligibility details for Robinhood
- Account access
- U.S. self-directed securities brokerage through Robinhood Financial LLC; check IRA and fractional-share eligibility in your account
- Eligibility
- U.S. accounts, subject to account eligibility and trading permissions.
- Access notes
- Trade QETH shares through Robinhood’s U.S. securities brokerage.
Webull
U.S. accounts, subject to account eligibility and trading permissions.
Eligibility details for Webull
- Account access
- U.S. self-directed securities brokerage through Webull Financial LLC; check IRA and fractional-share eligibility in your account
- Eligibility
- U.S. accounts, subject to account eligibility and trading permissions.
- Access notes
- Trade QETH shares through Webull’s U.S. securities brokerage.
Availability depends on country and account.
QETH Alternatives
Holding ether in a personal wallet is one alternative for investors who need to make transfers or control the keys. Investors who want rewards on their ether can look at funds that stake it. Those funds add slashing risk, and part of the rewards goes to the sponsor and staking providers.
QETH vs ETHA
BlackRock’s iShares Ethereum Trust ETF (ETHA) charges the same fee and also has custody terms that permit negligence-based claims.
| Comparison | QETH | ETHA |
|---|---|---|
| Annual sponsor fee | 0.25% | 0.25% |
| Fund assets | $24 million | $9.69 billion |
| Published 30-day spread | 0.08% | 0.05% |
The two differ on size and trading cost. ETHA had substantially more assets and a tighter published spread at the comparison date.
Ethereum ETF Pillar Scores
- Fund fees 24% weight Ongoing sponsor charge before temporary waivers, fee basis, covered expenses, extra fund costs, and waiver terms.7.9 / 10
- Trading spread 20% weight Median difference between bid and ask prices over 30 days.8.4 / 10
- Fund size 8% weight Value of the fund’s assets.2.0 / 10
- Staking & reward sharing 20% weight Share of fund ETH staked and the share of gross staking rewards retained for shareholders after all reward deductions.0.0 / 10
- Custody & asset rights 16% weight Fund ownership, asset records, custody-loss liability, withdrawal rights, and recourse for provider-caused slashing.10.0 / 10
- Reporting & transparency 12% weight Required reports, public ETH and staking holdings, benchmark, NAV, and management's disclosure-control conclusions.10.0 / 10
Final Verdict
QETH offers ether exposure through Invesco and Galaxy at a 0.25% annual sponsor fee. Its Coinbase custody terms permit claims for negligent safekeeping, subject to contract limits. Its smaller asset base and wider published spread deserve attention when placing an order. ETHA charges the same sponsor fee and had substantially more assets at the comparison date. QETH does not stake or provide ether withdrawals, so it suits investors who want brokerage exposure and accept those limits.
Best For
Investors who want an Invesco-sponsored ether fund in a brokerage account and accept its small size.
Avoid If
- You want staking rewards, the lowest fee, or a large, heavily traded fund.
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