VanEck Ethereum ETF (ETHV) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 158.77% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.5M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ETHV currently has 3.48M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 158.77% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 3.5M shares outstanding

3.5M 0
Mar 30, 2026

10-K filing | 3.8M shares outstanding

3.8M 0
Nov 13, 2025

10-Q filing | 4.4M shares outstanding

4.4M 0
Aug 13, 2025

10-Q filing | 3.9M shares outstanding

3.9M 0
May 14, 2025

10-Q filing | 3.1M shares outstanding

3.1M 0
Mar 26, 2025

10-K filing | 3.2M shares outstanding

3.2M 0
Nov 12, 2024

10-Q filing | 2.0M shares outstanding

2M 0
Sep 03, 2024

10-Q filing | 1.3M shares outstanding

1.3M 0
Jul 08, 2024

S-1/A filing: This is an S-1/A filing for the registration of Shares for their public offering in the United States and the listing of Shares on the Exchange.

N/A 0
Jun 21, 2024

S-1/A filing: This is an S-1/A filing for the registration of Shares for a public offering in the United States, with the Sponsor responsible for the ongoing registration and marketing of the Shares.

N/A 0
May 31, 2024

S-1/A filing: This is an S-1/A filing for the registration of Shares for their public offering in the United States and the listing of Shares on the Exchange.

N/A 0
May 23, 2024

S-1/A filing: This S-1/A filing discusses fee caps related to underwriter compensation, non-exclusivity of services, and termination conditions of an agreement.

N/A 0
Feb 16, 2024

S-1/A filing: The filing is an S-1/A form related to the registration of shares for public offering in the United States and the listing of Shares on the Exchange. It outlines the roles and responsibilities of various service providers including the Trustee, Administrator, Transfer Agent, Cash Custodian and ETH Custodian.

N/A 0
May 07, 2021

S-1 filing: This is an S-1 filing for a trust that continuously issues common shares representing fractional undivided beneficial interest.

N/A 0
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