AETH
Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF
AETH aims to capture the return potential of Ethereum—the world’s leading blockchain for stablecoins and smart contracts—with an emphasis on capital preservation during volatile periods. The Fund’s proprietary, rules-based strategy invests in ether futures when prices are gaining momentum and rotates fully into U.S. Treasuries when the reverse is true. The Fund does not invest directly in ether.
Contact UsWhy Invest in AETH?
Ethereum is the most popular platform in the world for building crypto applications. AETH offers a way for investors to gain directional exposure to ether when crypto markets are gathering momentum while seeking to minimize downside volatility when markets are in retreat.
Learn MoreEthereum Exposure, Managed for Downside Risk
Today, a majority of the most popular crypto applications—from decentralized finance (DeFi) to stablecoins to non-fungible tokens (NFTs)—are built on Ethereum. AETH's strategy seeks to provide exposure to the growth potential of the Ethereum network while managing downside risk.
Proprietary Research-Based Approach
Depending on market momentum, the fund invests entirely in either CME Ether Futures or U.S. Treasuries. This proprietary rotational strategy aims to provide higher risk-adjusted returns than a traditional buy-and-hold strategy by participating in sustained rallies while prioritizing capital preservation in uncertain markets.
Professionally Managed Exposure From a Crypto Specialist
For more than seven years, Bitwise has helped leading investors understand and access crypto’s opportunities while managing its risks. Our team of over 90 professionals manages your investment using systems built for institutions, from custody and trading to regulation and compliance.
Fund Summary
About the AETH Fund
Fund Details
Data as of 12/03/2024
Ticker
AETH
Net Assets (AUM)
$12,581,244
SEC Yield†
2.44%
Fund Type
ETF
Net Expense Ratio*
0.85%
Legal Counsel
Chapman and Cutler, LLP
CUSIP
091748301
Gross Expense Ratio*
0.92%
Administrator
Bank of New York Mellon
ISIN
US0917483010
Inception Date**
September 29, 2023
Distributor
Foreside Fund Services, LLC
Exchange
NYSE Arca
Adviser
Bitwise Investment Manager, LLC
Custodian
Bank of New York Mellon
Shares Outstanding
275,004
* The Fund’s investment adviser has contractually agreed to waive its advisory fees and/or assume as its own expense certain expenses otherwise payable by the Fund to the extent necessary to ensure that total annual fund operating expenses do not exceed 0.85% of average daily net assets until October 2, 2025.
** The Fund adopted its current investment strategy on December 3, 2024.
† 30-Day SEC Yield – Reflects the dividends and interest earned during the previous month, after the deduction of the fund’s expenses. This is also referred to as the “standardized yield.” Data as of November 30, 2024. September 30, 2024.
Fund Holdings
Data as of 12/03/2024
Exposure Weight (%)
Holdings are subject to change. Current and future holdings are subject to risk.
Premium / Discount
Data as of 12/03/2024
Net Asset Value (NAV) and Market Price
Data as of 12/03/2024
To
30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
AETH Quarter-End Performance
Data as of 09/30/2024
Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-866-880-7228.
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses. Shares are subject to a 0.85% Expense Ratio that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.