ETHWvsCOIN
Bitwise Ethereum ETF vs Coinbase
Side-by-side crypto treasury comparison across tokens: ETHW (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. ETHW holds Ethereum, COIN holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
ETHW
Bitwise Ethereum ETF
🇺🇸 US
106,117 ETH
$198.4M market value
COIN
Coinbase
🇺🇸 US
16,949 BTC
$1.1B market value
Metric
ETHW
COIN
Holdings (ETH / BTC)
106,117 ETH
16,949 BTC
Market value of treasury
$198.4M
$1.1B
Average cost per token
—
$98,950.50
Total cost basis
—
$1.7B
mNAV (market cap ÷ token value)
—
38.26×
Last disclosed purchase
Jul 10, 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 COIN: frequently asked
Which company has a larger crypto treasury by USD value, ETHW or COIN?▾
ETHW (Ethereum) holds 106,117 ETH worth $198.4M. COIN (Bitcoin) holds 16,949 BTC worth $1.1B. COIN has the larger USD-value treasury — roughly 5.5× larger.
Can you compare ETHW's ETH holdings directly to COIN's BTC holdings?▾
Not in token-native amounts — ETHW holds Ethereum and COIN holds Bitcoin, so "106,117 ETH" and "16,949 BTC" measure different assets. The honest comparison is USD market value: $198.4M vs $1.1B at current prices.
What's ETHW's cost basis per ETH, and COIN's per BTC?▾
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 COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.