BlackRock offers an Ethereum ETF (exchange-traded fund) called iShares Ethereum Trust ETF (ETHA). This ETF aims to reflect the performance of the price of ether, the native token of Ethereum.
If you are interested in purchasing ETHA, here’s how to do it:
Through a traditional brokerage account: BlackRock's ETHA is designed to allow investors to gain exposure to Ethereum within a standard brokerage account. This means you can buy it through your usual brokerage platform, just as you would buy shares or any other ETF.
Brokerage firms: Some of the leading brokerage platforms that offer the purchase of ETFs like ETHA are:
Fidelity (in fact, BlackRock mentions that all iShares ETFs and ETPs can be traded commission-free online through Fidelity).
Other online brokers that provide access to ETFs listed on NASDAQ (where ETHA is traded).
Key points to consider about BlackRock's ETHA:
Simplified access: It allows investors to access Ethereum without the need to buy and store the cryptocurrency directly, which eliminates some operational and security complexities.
Professional management: It is managed by BlackRock, the largest asset manager in the world.
Fees: It has a sponsor's fee of 0.25%. There is a partial waiver of this fee during the first 12 months, setting it at 0.12% for the first $2.5 billion of the trust's assets.
Risks: Like any investment, ETHA carries risks, including the potential loss of capital. Investing in the trust may be considered speculative and is not suitable for all investors.
Important: Before investing, it is always crucial that you read the current prospectus of the iShares Ethereum Trust ETF to fully understand its investment objectives, risks, and fees.