Invesco Galaxy Ethereum ETF
QETH
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Jul 23, 2024
- CIK
- 0001995569
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Galaxy Ethereum ETF (QETH) is an exchange-traded product that seeks to reflect the performance of the spot price of ether, as measured by the Lukka Prime Ethereum Reference Rate, less the Trust's expenses and liabilities. The Trust invests directly in physical ether held in institutional-grade custody by Coinbase Custody Trust Company; it does not stake its ether holdings or participate in the Ethereum network's proof-of-stake validation mechanism. QETH trades on the Cboe BZX Exchange under the ticker QETH, with a total expense ratio of 0.25%, cash creation and redemption processes, T+1 settlement, and no K-1 or K-3 tax reporting requirements as a 1933 Act Grantor Trust domiciled in the United States. The ETF leverages Galaxy Asset Management as its execution agent for over-the-counter ether trades, benefiting from Galaxy's institutional infrastructure and network of exchanges and counterparties to enhance liquidity and minimize tracking errors compared to competitors reliant on third-party custodians. Invesco Capital Management LLC serves as the sponsor and investment adviser, with Invesco Distributors, Inc. as the U.S. distributor; both are indirect subsidiaries of Invesco Ltd., a global investment manager. Launched on July 23, 2024, QETH forms part of Invesco's expanding digital assets suite alongside the Invesco Galaxy Bitcoin ETF (BTCO), targeting U.S. investors seeking simplified, secure exposure to ether without managing wallets or private keys. Invesco Galaxy Ethereum ETF operates within the digital assets industry, focusing on the Ethereum blockchain ecosystem that supports decentralized finance, stablecoins, non-fungible tokens, and other applications; its primary customers include retail and institutional investors pursuing ether price performance amid high volatility. Geographically, QETH serves the U.S. market via Cboe BZX trading, drawing on Invesco's global ETP expertise and Galaxy's operations across North America, Europe, and Asia. The product builds on the Invesco-Galaxy partnership established with BTCO's January 2024 launch, collectively managing over $3 billion in crypto-related ETPs across three continents as of mid-2024. Recent developments include significant net inflows, such as $3.1 million in a recent period reflecting an 11.7% assets under management increase amid market volatility, and robust trading volume averaging 86,890 shares with assets reaching approximately $32.8 million as of late 2025. In December 2025, Invesco and Galaxy expanded their collaboration with the launch of the Invesco Galaxy Solana ETP (QSOL), complementing QETH's Ethereum exposure within a diversified crypto-linked ETP lineup supported by Coinbase custody and Lukka pricing. No major acquisitions, funding rounds, or structural reorganizations have been reported for QETH in the last two years beyond these strategic product extensions.