Invesco Galaxy Ethereum ETF (QETH) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: September 12, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: Infinity% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

910K

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

QETH currently has 913K outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by Infinity% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Sep 12, 2025	POS AM filing: This POS AM filing relates to the continuous offering of common shares of beneficial interest for the Invesco Galaxy Ethereum ETF, an exchange-traded fund.	910K
Aug 07, 2025	10-Q filing \| 0.9M shares outstanding	910K
May 08, 2025	10-Q filing \| 0.8M shares outstanding	750K
Feb 28, 2025	10-K filing \| 0.8M shares outstanding	770K
Nov 07, 2024	10-Q filing \| 0.8M shares outstanding	780K
Aug 29, 2024	10-Q filing \| 0.5M shares outstanding	470K
Jul 17, 2024	S-1/A filing: This S-1/A filing from Invesco Galaxy Ethereum ETF registers an indeterminate number of common shares for continuous offering. It details the structure of the ETF, including its investment objective, operational mechanics, and the roles of various involved parties.	0
Jul 09, 2024	S-1/A filing: This is an S-1/A filing for the Invesco Galaxy Ethereum ETF, registering an indeterminate number of common shares to be issued on a continuous basis. The Trust's investment objective is to reflect the performance of the spot price of ether.	3K
Jun 21, 2024	S-1/A filing: S-1/A filing for Invesco Galaxy Ethereum ETF registering an indeterminate number of common shares.	4K
May 31, 2024	S-1/A filing: This is an S-1/A filing for the Invesco Galaxy Ethereum ETF, a continuous offering of common shares of beneficial interest. The Trust intends to issue Shares on a continuous basis and is registering an indeterminate number of Shares with the SEC.	N/A

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