Bitwise Ethereum Staking ETP (ET32) provides exposure to the performance of ETH, while capturing staking rewards.
Our Partner
100% physical backing
Units of ET32 are 100% physically backed by Ethereum (ETH) held securely in cold storage. The private keys never leave custody even during staking.
100% transparent total return
Holders of ET32 receive all staking rewards, which are added to the Crypto Entitlement (ETH amount per ETP unit) at the end of each trading day, net of a small 10% Staking Service Fee.
Liquidity
Investors in ET32 enjoy daily liquidity on the stock exchange and are not limited by lock-up periods or other technical challenges of crypto staking.
Easier crypto access
Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.
Regulated exchanges
Crypto ETCs can trade on regulated European exchanges e.g. XETRA, or SIX. Market participants are strictly vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.
Safe custody
Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.
Bitwise Ethereum Staking ETP (ET32) offers investors exposure to the performance of ETH, while capturing staking rewards. ET32 is an institutional-grade, low cost, and liquid vehicle to leverage ETH staking. The ETP is 100% physically backed by ETH.
ET32 is specially designed to prioritise investor outcomes. It is the first truly cost-effective, liquid and transparent staking ETP tracking a staking index. Anchored by a real benchmark, investors can accurately evaluate Ethereum staking opportunities, and clearly assess performance.
ET32 is issued by Bitwise (previously ETC Group), click here to view the full fund page for more information.
* The issuer has reduced the Management Fee as well as the Staking Service Fee to 0% until further notice. Read the full issuer announcement here.
Key Risks
Investors capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision. Any decision to invest should be based on the information contained in the relevant prospectus. ETP securities are structured as debt securities, not as equity. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.
* only for professional investors investing via this wrapper in UK
HANetf, data as of 31.07.2026. Please note that all performance figures are showing net data. The underlying benchmark is “Ethereum”, performance is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If product is less than 12 months old, YTD field will be calculated since inception. When you invest in ETCs your capital is at risk.
Coming soon
Compass Ethereum Total Return Monthly Index (ETHTR) measures the return generated by an investment in Ether while staking on the Ethereum blockchain. 100% of the index is staked, and staking rewards are compounded daily.
Explore our expert-written monthly fund reports, periodic reviews, and key insights.
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About Partner
Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with Bitwise to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.
In Europe, for the past four years, Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.
This family of crypto ETPs is domiciled in Germany and approved by BaFin. Bitwise exclusively partners with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.
Bitwise’s European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.
Retail investors can benefit from easy access through numerous DIY/online brokers, coupled with Bitwise’s robust and secure physical ETP structure, which includes a redemption feature.
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