BLACKROCK: ETHB OFFERS A 0.25% SPONSOR FEE WITH A ONE-YEAR WAIVER, LOWERING IT TO 0.12% FOR THE FIRST $2.5 BILLION IN ASSETS UNDER MANAGEMENT
- Sponsor Fee Reduction: BlackRock has announced a reduction in its sponsor fee from 0.25% to 0.12% for the first $2.5 billion in assets under management.
- One-Year Waiver: This fee reduction is part of a one-year waiver initiative aimed at attracting more investments.
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Analyst Views on ETHA

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Bitcoin Net Inflows: Yesterday's net inflows into U.S. Bitcoin spot ETFs totaled $532 million, with significant contributions from BlackRock, Fidelity, and Morgan Stanley.
Ethereum Net Inflows: The net inflows into U.S. Ethereum spot ETFs reached $61.3 million, primarily driven by BlackRock and Fidelity.
BlackRock Contributions: BlackRock's Bitcoin ETF saw an inflow of $335 million, while its Ethereum ETF attracted $54.8 million.
Fidelity's Role: Fidelity's Bitcoin and Ethereum ETFs contributed $184 million and $6.5 million, respectively, to the overall net inflows.
BlackRock's Ethereum Investment: BlackRock has deposited a total of 26,273 ETH, valued at approximately $59.89 million, into Coinbase Prime through its Ethereum ETF, ETHA.
BlackRock's Bitcoin Investment: Additionally, BlackRock has deposited 226.677 BTC, worth around $17.54 million, into Coinbase Prime via its Bitcoin ETF, IBIT.

Bitcoin ETF Net Inflow: The US Bitcoin spot ETF recorded a net inflow of $23.5 million, with significant contributions from IBIT and FBTC, which saw inflows of $19.1 million and $26.6 million, respectively.
Ethereum ETF Outflow: The Ethereum ETF experienced a net outflow of $23.7 million, while ETHA faced a larger outflow of $50.6 million, indicating a shift in investor sentiment.
- Cost Comparison: VanEck's HODL ETF has an expense ratio of 0.20%, making it slightly more cost-effective than iShares' ETHA ETF at 0.25%, which can enhance returns for long-term holders by reducing costs.
- Performance Discrepancy: As of April 24, 2026, HODL reported a one-year return of -18.6%, while ETHA achieved a positive return of 28.16%, highlighting significant performance differences that investors should carefully consider when making choices.
- Maximum Drawdown Analysis: HODL's maximum one-year drawdown stands at 49.25%, compared to ETHA's 64.02%, indicating that while ETHA offers higher returns, it also comes with significantly increased risk, necessitating careful risk assessment by investors.
- Assets Under Management: ETHA boasts $7.4 billion in assets under management, significantly larger than HODL's $1.3 billion, with this scale difference potentially impacting liquidity and market acceptance, factors that investors should weigh in their decision-making process.
- Cost and Size: Both iShares Bitcoin ETF (IBIT) and Ethereum ETF (ETHA) charge a 0.25% expense ratio, with IBIT managing $63.7 billion in assets compared to ETHA's $7.6 billion, indicating IBIT's dominant market position.
- Performance Discrepancy: As of April 22, 2026, IBIT has a one-year return of -14.1%, while ETHA has surged by 40.7%, reflecting Ethereum's strong performance despite ETHA's maximum drawdown of -64.02%.
- Risk Assessment: IBIT's maximum drawdown stands at -49.36%, highlighting greater volatility in ETHA, which has a shorter history of just 1.8 years, necessitating careful consideration of risk tolerance when choosing between the two.
- Investment Convenience: Both ETFs can be traded within standard brokerage accounts, eliminating the need for crypto wallets and private key management, and they are eligible for tax-advantaged accounts, although investors incur a 0.25% annual fee.
BlackRock's Recent Transfers: BlackRock transferred approximately 12,080 ETH to Coinbase Prime, valued at around $27.94 million, via its Ethereum ETF, ETHA.
Bitcoin Transfer Details: Additionally, BlackRock transferred 113.342 BTC to Coinbase Prime, valued at approximately $8.81 million, through its Bitcoin ETF, IBIT.








