ETHWvsBTCS
Bitwise Ethereum ETF vs BTCS Inc
Side-by-side Ethereum treasury comparison: holdings, market cap, mNAV ratio, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
ETHW
Bitwise Ethereum ETF
🇺🇸 US
106,117 ETH
$198.4M market value
BTCS
BTCS Inc
🇺🇸 US
57,607 ETH
$107.7M market value
Metric
ETHW
BTCS
ETH holdings
106,117 ETH
57,607 ETH
Market value of ETH
$198.4M
$107.7M
Average cost per ETH
—
$2,653.00
Total cost basis
—
$152.8M
mNAV (market cap ÷ ETH value)
—
0.46×
Last disclosed purchase
Jul 10, 2026
May 14, 2026
- Jul 10, 2026+3,931 ETH$7.1M
- Jul 9, 2026+-1,562 ETH$2.8M
- Jul 7, 2026+-4,530 ETH$8.0M
- Jul 1, 2026+-735 ETH$1.2M
- Jun 30, 2026+-4,369 ETH$6.8M
ETHW vs BTCS: frequently asked
Which company holds more Ethereum, ETHW or BTCS?▾
Bitwise Ethereum ETF (ETHW) holds 106,117 ETH, compared to BTCS Inc's (BTCS) 57,607 ETH — roughly 1.8× more.
What's the total Ethereum value on the balance sheets of ETHW and BTCS?▾
ETHW holds $198.4M worth of Ethereum at current market prices. BTCS holds $107.7M.
Who has a lower cost basis per ETH, ETHW or BTCS?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHW last buy Ethereum?▾
ETHW disclosed a 3,931 ETH purchase on July 10, 2026.
When did BTCS last buy Ethereum?▾
BTCS disclosed a -13,180 ETH purchase on May 14, 2026.