ET32

About ET32

Bitwise Ethereum Staking ETP is an exchange-traded product designed to provide investors with direct exposure to the cryptocurrency Ethereum, while simultaneously capturing the staking rewards generated from Ethereum’s proof-of-stake consensus mechanism. Structured as a physically backed note, each unit of the ETP corresponds to actual ETH tokens held in secure cold storage by professional custodians, reflecting the asset’s transparent and fully collateralized nature. The platform tracks the Compass Ethereum Total Return Monthly Index and employs a passive management style aiming to mirror the performance of Ethereum, including the additional yield from staking activities. With a total expense ratio of 0.65% per annum, the ETP is accumulating in nature, reinvesting any staking returns back into the fund rather than distributing them, thereby facilitating compounding growth. Launched in February 2024, Bitwise Ethereum Staking ETP has quickly amassed significant assets under management and caters to institutional and professional investors seeking regulated, liquid, and secure access to Ethereum’s price movements and native staking rewards—all within the format of a traditional exchange-traded security.