iShares Ethereum Trust ETF (ETHA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 470.72% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
410M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ETHA currently has 414M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 470.72% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 413.5M shares outstanding

410M 0
Aug 05, 2025

10-Q filing | 400.4M shares outstanding

400M 0
Jul 11, 2025

POS AM filing: This is a POS AM filing for the iShares Ethereum Trust ETF, registering an indeterminate number of shares for continuous issuance.

170M 0
May 09, 2025

POS AM filing: This is a POS AM filing for iShares Ethereum Trust ETF, registering an indeterminate number of shares with the SEC, continuously offered at the net asset value per Share (NAV) for 40,000 Shares, subject to completion.

170M 0
May 07, 2025

10-Q filing | 165.5M shares outstanding

170M 0
Mar 05, 2025

10-K filing | 170.7M shares outstanding

170M 0
Nov 07, 2024

10-Q filing | 61.6M shares outstanding

62M 0
Aug 08, 2024

10-Q filing | 24.8M shares outstanding

25M 0
Jul 17, 2024

S-1/A filing: Registration of an indeterminate number of shares of iShares Ethereum Trust ETF.

N/A 0
Jul 08, 2024

S-1/A filing: This is an S-1/A filing for the iShares Ethereum Trust ETF, registering an indeterminate number of shares to be issued on a continuous basis.

N/A 0
Jun 21, 2024

S-1/A filing: The iShares Ethereum Trust ETF intends to issue Shares on a continuous basis and is registering an indeterminate number of Shares with the SEC. The Trust seeks to reflect generally the performance of the price of ether.

N/A 0
May 29, 2024

S-1/A filing: This S-1/A filing relates to the registration of an indeterminate number of shares for the iShares Ethereum Trust, which seeks to reflect the performance of the price of ether, with shares offered continuously at the net asset value per Share (NAV) for 40,000 Shares.

N/A 0
Nov 16, 2023

S-1 filing: This is an S-1 filing for the iShares Ethereum Trust, which intends to issue shares on a continuous basis in exchange for ether. The Trust seeks to reflect the performance of the price of ether and will list shares on NASDAQ.

N/A 0
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