MEET ETHA, THE iSHARES ETHEREUM TRUST ETF

Ethereum is the second largest cryptocurrency by market cap after bitcoin and has key characteristics that make it distinct.

 

While many see bitcoin's key appeal in its scarcity, many find Ethereum's appeal in its utility.

 

Ethereum is a highly programmable blockchain that provides infrastructure for a diverse range of assets and use cases.

 

You can think of Ethereum as a global platform for applications.

 

This platform enables applications, referred to as smart contracts, to run without a centralized intermediary.

 

Transactions on Ethereum require a transaction fee to be paid in the network's native token, ether.

 

Investor interest in ether has been expanding as more people adopt digital assets.

 

And that's why we're introducing ETHA, the iShares Ethereum Trust ETF, which provides investors convenient exposure to ether.

 

Here are three things to know about ETHA.

 

The first is access.

 

ETHA enables investors to access Ethereum's native token, ether, within a traditional brokerage account.

 

The second is convenience.

 

ETHA can help remove operational burdens associated with holding ether directly, as well as potentially high trading costs and tax reporting complexities.

 

And finally, integrated technology.

 

ETHA is managed by the world's largest asset manager and leverages a multi-year technology integration developed with Coinbase Prime, the world's largest institutional digital asset custodian.

 

Access ETHA through your online brokerage or discuss with your financial professional to find out how ETHA can fit into your portfolio.

 

Visit www.iShares.com to view a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider carefully before investing.

 

The iShares Ethereum Trust ETF is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.  The Trust is not a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus. 

 

Investing involves a high degree of risk, including possible loss of principal. An investment in the Trust is not suitable for all investors, may be deemed speculative and is not intended as a complete investment program. An investment in Shares should be considered only by persons who can bear the risk of total loss associated with an investment in the Trust.

 

Investing in digital assets involves significant risks due to their extreme price volatility and the potential for loss, theft, or compromise of private keys. The value of the shares is closely tied to acceptance, industry developments, and governance changes, making them susceptible to market sentiment. Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on their acceptance.  Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges  Investing in the Trust comes with risks that could impact the Trust's share value, including large-scale sales by major investors, security threats like breaches and hacking, negative sentiment among speculators, and competition from central bank digital currencies and financial initiatives using blockchain technology. A disruption of the internet or a digital asset network would affect the ability to transfer digital assets and, consequently, would impact their value. There can be no assurance that security procedures designed to protect the Trust’s assets will actually work as designed or prove to be successful in safeguarding the Trust’s assets against all possible sources of theft, loss or damage.  

Smart contracts, including those relating to decentralized finance applications, are a new technology and their ongoing development and operation may result in problems, which could reduce the demand for ether or cause a wider loss of confidence in the Ethereum network, either of which could have an adverse impact on the value of ether. 
The Trust may incur certain extraordinary, non-recurring expenses that are not assumed by the Sponsor.  

 

Shares of the Trust are not deposits or other obligations of or guaranteed by BlackRock, Inc., and its affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the “Sponsor”). BlackRock Investments, LLC ("BRIL"), assists in the promotion of the Trust. The Sponsor and BRIL are affiliates of BlackRock, Inc. The Sponsor is not responsible for losses incurred due to loss, theft, destruction, or compromise of the trust's ether.

 

Transactions in shares of ETPs may result in brokerage commissions and will generate tax consequences.

 

This material is provided for educational purposes only and is not intended to constitute investment advice or an investment recommendation within the meaning of federal, state or local law.  You are solely responsible for evaluating and acting upon the education and information contained in this material. BlackRock will not be liable for direct or incidental loss resulting from applying any of the information obtained from these materials or from any other source mentioned. BlackRock does not render any legal, tax or accounting advice and the education and information contained in this material should not be construed as such.  Please consult with a qualified professional for these types of advice.

 

Prepared by BlackRock Investments, LLC, member FINRA

 

©2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

 

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