(ZETH) ETHetc - ETC Physical - Overview

Exchange: XETRA • Country: Germany • Currency: EUR • Type: Etf • ISIN: DE000A3GMKD7

Etf: Ether, Crypto, ETF, Physical, EUR

Total Rating 12
Risk 61
Buy Signal -1.05
Risk 5d forecast
Volatility 71.7%
Relative Tail Risk -4.23%
Reward TTM
Sharpe Ratio -0.36
Alpha -50.74
Character TTM
Beta 0.971
Beta Downside 0.972
Drawdowns 3y
Max DD 64.91%
CAGR/Max DD 0.03

Description: ZETH ETHetc - ETC Physical January 17, 2026

ETC Group’s Physical Ethereum EUR (ticker ZETH) is a Germany-domiciled exchange-traded fund listed on XETRA that offers investors direct exposure to the price movements of Ethereum, the world’s second-largest cryptocurrency by market capitalization.

Key metrics to watch: the fund’s net asset value (NAV) tracks the spot price of ETH in euros with a typical tracking error below 0.5%; daily trading volume on XETRA averages around €12 million, providing reasonable liquidity for retail and institutional participants; and the expense ratio is 0.75 % p.a., which is competitive within the niche digital-asset ETF space.

Primary economic drivers include Ethereum network activity (transaction volume and DeFi usage), the rollout of protocol upgrades such as “Shanghai” that affect staking yields, and broader macro factors like euro-dollar exchange rates and regulatory developments in the EU’s MiCA framework.

For a deeper, data-rich analysis of ZETH’s risk-adjusted performance and how it fits into a diversified crypto allocation, you might explore the detailed dashboards on ValueRay.

What is the price of ZETH shares?

As of February 07, 2026, the stock is trading at EUR 15.97 with a total of 84,124 shares traded.
Over the past week, the price has changed by -25.13%, over one month by -38.21%, over three months by -39.78% and over the past year by -35.04%.

Is ZETH a buy, sell or hold?

ETHetc - ETC Physical has no consensus analysts rating.

What are the forecasts/targets for the ZETH price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 13.8 -13.8%

ZETH Fundamental Data Overview February 03, 2026

Market Cap USD = 125.7m (106.5m EUR * 1.1801 EUR.USD)
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 106.5m EUR (106.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 106.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 106.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.49% (E(106.5m)/V(106.5m) * Re(9.49%) + (debt-free company))
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for ZETH ETF

Fund Manager Positions: Dataroma | Stockcircle