Physical Ethereum exposure with safe custody and the liquidity of an exchange traded product.
Our Partner
An easier way to invest in Ether
Unlike directly investing in Ether, ZETH needs no cryptocurrency wallet, unless investors wish to redeem ZETH for Ether. Your units of ZETH are safely held with your broker or bank.
Invest in Ether on a regulated exchange
The Ethereum ETC trades on regulated European exchanges e.g. XETRA, SIX. Investors can trade with confidence knowing that market participants are vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.
Safe custody
The underlying digital assets are stored with Zodia Custody (Ireland) Limited, a secure and specialised custodian built for safekeeping digital assets. Strict KYC and AML standards ensure the provenance of all cryptocurrency is vetted.
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.
Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.
Bitwise Physical Ethereum (ZETH) is an exchange traded cryptocurrency (ETC) that tracks the price of Ethereum’s Ether coin. The Ethereum ETC’s primary listing is on Deutsche Börse’s XETRA and is centrally cleared, providing investors with a secure and liquid way to gain exposure to the Ether cryptocurrency. Each unit of ZETH is 100% physically backed by Ether, and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to Ethereum. Each unit of ZETH gives the holder a claim on a predefined amount of Ether. ZETH is issued by Bitwise (previously ETC Group) and distributed by HANetf.
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. ETC securities are structured as debt securities, not as equity. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.
* only for professional investors investing via this wrapper in UK
Source: HANetf, data as of 31.08.2026. 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
Explore our expert-written monthly fund reports, periodic reviews, and key insights.
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Bitcoin in 2024 – a monumental year so far
March 2024
Article | There is no Walt Disney Company in crypto yet…
January 2023
Article | The Merge and Ethereum – what you need to know
September 2022
Crypto Report | February 2025
February 2025
Crypto Report | January 2025
January 2025
Crypto Report | October 2024
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Crypto Report | September 2024
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Crypto Report | August 2024
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Crypto Report | July 2024
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Crypto Report | June 2024
June 2024
Crypto Report | April 2024
April 2024
Crypto Report | Mar 2024
Crypto Report | Feb 2024
February 2024
Crypto Monthly Report | November
November 2023
Crypto Monthly Report | January
January 2024
The Investment Case for Ethereum: A Primer
May 2024
An Introduction to Ethereum and the ETHetc – ETC Group Physical Ethereum (ZETH)
March 2021
ETC Group CEO Tim Bevan on upcoming Ethereum ETFs and developments in the crypto space
July 2024 |
Video | ETC Group on crypto’s ‘scary ride’ with the commodity ‘behaving a lot like a risk asset’
January 2022 |
Video | ETC Group CEO says holders of its ZETH Ethereum ETP will receive another ETP after this week’s Merge
September 2022 |
Bitwise CEO Tim Bevan talked with Proactive’s Stephen Gunnion about the imminent launch of Ethereum ETFs in the US.
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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