ETHW - Bitwise Ethereum ETF
The ETHW Fund's primary objective is to primarily invest directly in ether (ETH), allowing investors to gain exposure to the digital asset's price movements through a familiar Exchange Traded Product (ETP). Presented as a conventional ETP, the fund prioritizes cost-efficiency, aiming to keep administrative expenses low. To ensure security, the Fund's ether holdings are entrusted to one of the world's premier digital asset custodians.
As of Jun 30, 2026: spot at $11.27, ATM IV 420.4%, max pain $13.00, net GEX $6.3K.
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Market Cap
- $213.4M
- Beta
- 2.48
- 52-Week Range
- 10.93-34.84
- IPO Date
- Jul 23, 2024
- Exchange
- AMEX
What ETHW Looks Like to Options Traders Today
IV rank of 88.9% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($6.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.156) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The ETHW overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked ETHW overview questions
- What is ETHW?
- ETHW is the ticker symbol for Bitwise Ethereum ETF, an listed exchange-traded fund. The ETHW Fund's primary objective is to primarily invest directly in ether (ETH), allowing investors to gain exposure to the digital asset's price movements through a familiar Exchange Traded Product (ETP). Presented as a conventional ETP, the fund prioritizes cost-efficiency, aiming to keep administrative expenses low. Listed on AMEX. ETHW is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the ETHW options snapshot look like today?
- As of Jun 30, 2026, the ETHW options snapshot shows spot at $11.27, ATM IV 420.4%, IV rank 88.9%, max pain $13.00, net GEX $6.3K, expected move 120.52%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are ETHW's key statistics?
- Bitwise Ethereum ETF (ETHW) carries a market capitalization of $213.4M, 52-week range of 10.93-34.84. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does ETHW belong to?
- Bitwise Ethereum ETF operates in the Financial Services sector, in the Asset Management - Cryptocurrency industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare ETHW's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the ETHW data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.