In this article, we will discuss the 10 Best Ethereum Stocks to Buy Now.
Ethereum entered 2026 on uncertain footing. The second-largest digital asset by market capitalization shed 17.7% in January, extending a losing streak to five consecutive monthly declines. By mid-January, prices had broken below the key $2,700 support level. This breach triggered cascading stop-losses and forced liquidations.
One of the reasons expert observers gave for the downtrend was ETF outflows. According to KuCoin, ETF flows had been a massive tailwind in 2025 when Ether, or ETH, which is the native cryptocurrency of the Ethereum blockchain, touched its all-time high of nearly $4,900. However, the funds recorded a $1 billion net outflow streak over ten consecutive days. This was because, as KuCoin noted, institutional fund managers operating under strict risk mandates were forced to sell once Ether breached their volatility thresholds. Retail holders did not face this constraint and were able to wait out a recovery.
However, the picture is quite different as of April 2026. Data from CoinDesk shows that investors rotated heavily out of US spot Bitcoin ETFs early in the month, with more than $325 million exiting those products on April 13 alone. Those funds, CoinDesk data indicates, flowed back into Ether products.
XWIN Research attributed much of this rotation to an SEC staff statement issued on April 13, which clarified that DeFi front-ends and wallet interfaces can operate without broker-dealer registration under certain defined conditions, including no custody arrangements and neutral fee structures. “On-chain data supports this shift,” XWIN Research noted. It added that active addresses are trending upward while the Coinbase Premium Gap is improving, a development the firm interprets as a recovery in US-driven, institutionally linked demand for Ether.
That improved footing is showing up in Ether’s performance against Bitcoin (BTC), the largest digital asset by market capitalization. A Cointelegraph analysis published on April 15 noted that the ETH/BTC ratio broke above a descending trendline resistance that had held since August 2025. This marked the first such breakout in months, noted Cointelegraph. The pair is now trading above both the 50-day and 100-day exponential moving averages at 0.0310, which are acting as dynamic support, and the compression between those averages points to a potential bullish crossover if the trend holds, Cointelegraph concluded.
With that backdrop in mind, this article identifies 10 Ethereum stocks that could be well-positioned to benefit from the asset’s renewed momentum.
Our Methodology
To compile our list of the 10 Best Ethereum Stocks to Buy Now, we used Ethereum-focused ETFs, including VanEck Digital Transformation ETF, as well as financial media sources to build an initial pool of US-listed companies that either hold significant ETH on their balance sheets, have built their core business around the Ethereum blockchain, or generate revenue through Ethereum staking and validator operations. These stocks are not pure-play. From this pool, we filtered for stocks with an analyst consensus upside potential of at least 20% as of April 17, 2026. We also considered hedge fund sentiment for each stock using Q4 2025 13F filings from Insider Monkey’s database. The final list is ranked in ascending order based on analyst upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Best Ethereum Stocks to Buy Now
10. Circle Internet Group, Inc. (NYSE:CRCL)
Stock Upside: 28.11%
Number of Hedge Fund Holders: 58
Circle Internet Group, Inc. (NYSE:CRCL) is one of the best Ethereum stocks to buy now. On April 8, Compass Point analyst Ed Engel downgraded Circle Internet Group, Inc. to Sell from Neutral and lowered his price target to $77 from $79. Engel cited growing concerns that Circle’s margin outlook is deteriorating despite strong USDC supply growth.
According to Engel, just under 80% of USDC supply growth since early February has been driven by partner platforms such as Sky, Binance, and Ethena. These are channels that carry lower margins because Circle must share interest income from its USDC reserves with these distribution partners, the analyst noted. He added that Circle earns higher margins on USDC held outside these partnership networks. Put simply, the current growth trend is actually diluting profitability even as overall USDC adoption expands.
The analyst also touched on Circle’s earnings, where he noted that the company’s Q1 2026 results could underwhelm rising expectations. Engel also stated that his firm expects Circle’s gross margins to remain under pressure if current trends persist. The firm estimates EBITDA will fall 19% quarter-on-quarter in Q1 2026, and its full-year 2027 EBITDA forecast sits 20% below Wall Street consensus.
Part of what makes the stock vulnerable, in Engel’s view, is its high valuation. He noted that Circle currently trades at 40 times optimistic 2027 EBITDA forecasts that assume USDC will reaccelerate in Q2 2026. The analyst is not counting on this scenario.
Circle indicated it is solidifying its place in the Ethereum ecosystem when it launched cirBTC on April 2. cirBTC is a Bitcoin-backed token specifically designed for institutional decentralized finance, or DeFi, use. The product targets custody and trust concerns around existing wrapped Bitcoin solutions, and it is set to launch on Ethereum and Circle’s Arc blockchain first. The token offers real-time reserve verification on Ethereum, and positions Circle as a direct competitor to Coinbase, BitGo, and other Bitcoin token providers in the Ethereum DeFi space.
Circle Internet Group, Inc. is a financial technology company focused on blockchain-based payments and digital currency infrastructure. The company issues USD Coin (USDC), a stablecoin that is widely circulated on the Ethereum blockchain, where it is used for trading, DeFi, and smart contract applications.
9. BitMine Immersion Technologies, Inc. (NYSE:BMNR)
Stock Upside: 60.43%
Number of Hedge Fund Holders: 28
BitMine Immersion Technologies, Inc. (NYSE:BMNR) is one of the best Ethereum stocks to buy now. On April 13, BitMine Immersion Technologies, Inc. announced that its Ethereum holdings had reached 4,874,858 ETH. The company valued the tokens at about $10.7 billion at a price of $2,206 per token, and said that its combined crypto, cash, and strategic equity holdings now add up to $11.8 billion in value.
This revelation means that BitMine now holds 4.04% of Ethereum’s total circulating supply. The company added 71,524 ETH in the week leading up to the announcement.
According to the company, the newest acquisition means that it is closing on what it calls the “Alchemy of 5%.” This is BitMine’s long-term goal of owning 5% of the entire Ethereum supply, which means that the company is now 81% of the way toward that target. BitMine started this accumulation drive just about nine months ago.
The company detailed that a huge portion of its Ether holdings, about 68% or 3,334,637 ETH, are staked through its Made in America VAlidator Network staking platform. Made in America VAlidator Network, or MAVAN, launched on March 25, and could generate $300 million annually in staking rewards, based on current yields, once fully deployed.
Just over a month ago, on March 1, BitMine’s Ethereum treasury had 4.47 million ETH, a 3.71% supply share. This share was 3.41%, or 4.11 million ETH, on December 28, 2025, which means the company added more than 760,000 ETH in about three and a half months.
BitMine Immersion Technologies, Inc. is a digital asset company. It was originally focused on Bitcoin mining and hosting services, but has pivoted toward building a massive Ethereum treasury. The company has also developed infrastructure such as its MAVAN validator network, which serves as an institutional-grade Ethereum staking platform.
8. Galaxy Digital Inc. (NASDAQ:GLXY)
Stock Upside: 63.73%
Number of Hedge Fund Holders: 49
Galaxy Digital Inc. (NASDAQ:GLXY) is one of the best Ethereum stocks to buy now. On April 14, BTIG analyst Gregory Lewis reiterated a Buy rating and maintained a $50 price target on Galaxy Digital Inc.. The analyst cited Galaxy’s expanding artificial-intelligence infrastructure footprint and its growing digital asset business as the key influences for the call.
The cornerstone of Lewis’s argument is Galaxy’s existing colocation contract with cloud computing provider CoreWeave. Lewis noted that Galaxy values the contract at about $14 per share. That infrastructure position will continue to grow, noted Lewis, who pointed out that Galaxy received approval from Electric Reliability Council of Texas, or ERCOT, in early Q1 2026 for an additional 830 megawatts of gross capacity at its Helios data center campus in West Texas. The 830 megawatts of gross capacity is equivalent to 550 megawatts of IT capacity.
Lewis expects Galaxy to begin signing new colocation contracts for this additional capacity later this year. He noted that the actual power will become available in 2028, meaning the revenue from it is still a couple of years out but the groundwork is already being laid.
Meanwhile, on April 9, Galaxy announced that BlackRock had selected it as one of three approved validators to power staking for the iShares Staked Ethereum Trust ETF (ETHB). The ETF is BlackRock’s first-ever rewards-generating crypto exchange-traded product, launched on March 12, 2026.
Galaxy said that BlackRock has structured ETHB to hold spot Ether and stake between 70% and 95% of those holdings through its approved validators. The staking rewards will then be distributed to investors as monthly cash payouts, noted Galaxy.
Galaxy Digital Inc. is a digital asset financial services and investment management firm. The company provides institutional access to Ethereum via investment products, including spot Ethereum ETFs and funds that directly track ETH prices. Beyond investment products, Galaxy offers trading, custody, advisory, and tokenization services built around Ethereum and other blockchain networks.
7. SharpLink, Inc. (NASDAQ:SBET)
Stock Upside: 93.80%
Number of Hedge Fund Holders: 26
SharpLink, Inc. (NASDAQ:SBET) is one of the best Ethereum stocks to buy now. On April 3, SharpLink, Inc. disclosed in an SEC Form 8-K filing that it had ended ParaFi Capital LP and Galaxy Digital Capital Management LP’s roles as discretionary managers of the company’s Ethereum treasury. The mutual termination arrangements will be effected as from May 31, 2026.
SharpLink originally signed these two arrangements on May 30 last year just days after it had raised $425 million in a private placement. The company had then announced ETH as its primary treasury reserve asset. In other words, the company brought in Galaxy and ParaFi from the very start to manage what was then a brand new crypto treasury strategy.
According to the SEC filing, the terminations were not triggered by any disagreement with either firm. Instead, SharpLink said it was bringing Ethereum treasury management fully in-house as part of its own internal evolution.
Separately, on March 11, Citizens lowered its price target on SharpLink to $40 from $50 while keeping its Market Outperform rating intact. The firm anchored the new $40 target to approximately 1.5 times its Q2 2027 estimated modified net asset value of $26.07. This estimate bakes in an Ethereum price of around $6,000 by Q2 2027, which is roughly three times where ETH was trading at the time of the note.
SharpLink, Inc., formerly SharpLink Gaming, Inc., is a digital assets company focused on accumulating Ethereum treasury. The company holds millions of ETH on its balance sheet and actively stakes these holdings to generate yield while supporting the network’s proof-of-stake validation.
6. Forum Markets, Incorporated (NASDAQ:FRMM)
Stock Upside: 110.97%
Number of Hedge Fund Holders: N/A
Forum Markets, Incorporated (NASDAQ:FRMM) is one of the best Ethereum stocks to buy now. On April 8, Forum Markets, Incorporated, agreed to provide short-term bridge loans for financing the purchase and deployment of NVIDIA AI chips. The company targets annualized returns in the mid-teens on its first committed deal.
Forum detailed in a press release that the loans are structured as 60- to 120-day bridge facilities. The loans are designed to provide capital to AI chip operators who need upfront financing to buy and deploy hardware before their long-term funding arrangements are in place, the company noted.
For its first transaction, Forum will lend to a US-based neocloud operator, which is a company that provides cloud computing services built on modern advanced infrastructure. Forum plans to commit a minimum of $25 million and up to $50 million at its discretion.
On February 5, Forum, then known as ETHZilla Corporation, acquired a portfolio of 95 manufactured and modular home loans from Zippy Manufactured Home Credit Fund I LP. The total purchase price amounted to about $4.7 million, and the firm said it planned to tokenize the portfolio on an Ethereum Layer 2 network.
Forum said it would launch the tokenized product as a manufactured home loan token, and that it would leverage Ethereum Layer 2 infrastructure to enable on-chain asset tracking. This infrastructure would also automate cash-flow distribution to token holders.
Forum Markets, Incorporated is a digital asset platform built on Ethereum infrastructure. It focuses on the tokenization of real-world assets into blockchain-based financial instruments. The company uses Ethereum, including Layer 2 protocols, to convert illiquid assets such as credit portfolios, real estate, and industrial equipment into tradable tokens.
5. BTCS Inc. (NASDAQ:BTCS)
Stock Upside: 167.38%
Number of Hedge Fund Holders: 2
BTCS Inc. (NASDAQ:BTCS) is one of the best Ethereum stocks to buy now. On March 31, H.C. Wainwright analyst Kevin Dede lowered his price target on BTCS Inc. to $5 from $7 while maintaining a Buy rating on the stock. Dede made the call after BTCS shared its Q4 2025 earnings report.
The analyst noted that BTCS’s full year 2025 revenue surged 305% year over year to a record $16.5 million. This growth, noted Dede, was primarily driven by the expansion of Builder+, for block-building, and NodeOps, for staking. Together, these accounted for $15.2 million, or about 92% of total revenue. Dede also noted that the newly launched Imperium DeFi segment contributed the remaining $1.3 million following its Q3 2025 debut.
BTCS’s gross profit for the full year also improved to approximately $2.0 million from $0.9 million in 2024. However, gross margin compressed to 12% from 23%. The margin squeeze came from higher validator payments and infrastructure costs tied to scaling Builder+ operations, noted Dede. He also pointed out that the company has not yet reached profitability, though management set a 2026 gross profit target of $6 million, which is roughly 3x the 2025 level.
Meanwhile, BTCS revealed via a tweet on X on January 28 that it was integrating with Sorella Labs. The partnership’s goal was to deepen BTCS’s role in the Ethereum ecosystem through Imperium, the company’s DeFi-focused business line. Sorella Labs builds foundational Ethereum infrastructure targeting MEV, which is the extractive practice where block producers profit at traders’ expense.
BTCS Inc. is a blockchain infrastructure company. Its core operations are centered on the Ethereum network through validator node management and staking services. The company operates Ethereum validator nodes and earns revenue by validating transactions and staking ETH within the network’s proof-of-stake system.
4. Exodus Movement, Inc. (NYSEAMERICAN:EXOD)
Stock Upside: 167.86%
Number of Hedge Fund Holders: N/A
Exodus Movement, Inc. (NYSEAMERICAN:EXOD) is one of the best Ethereum stocks to buy now. On April 9, Exodus Movement, Inc. officially launched Exodus Pay, a self-custody payment application that lets users spend, send, and earn rewards using USD-backed stablecoins, Bitcoin, and other digital assets. At release, the company said the app will be accessible in California, New York, Florida, Nebraska, and Texas across iOS, Android, and desktop platforms. The full national rollout will be completed by month-end.
Exodus first announced Exodus Pay last December and opened a waitlist. The company described the app as its evolution from a standalone crypto wallet into a single all-in-one financial app. Its goal, the company said, is to make stablecoin spending accessible to people with zero crypto experience.
A day before Exodus Pay’s launch, on April 8, Exodus shared its March 2026 treasury update. The data shows that the company grew its digital asset holdings across all three core positions, that is Bitcoin, Ethereum, and Solana, even as trading activity on its platform slowed.
On the treasury side, the company’s Bitcoin holdings rose to 628 BTC from over 610 BTC at the end of February. Ethereum climbed to 1,857 ETH from over 1,840 ETH, and Solana saw the most notable jump, up to 17,541 SOL from 15,694 SOL in February.
Exodus Movement, Inc. is a blockchain software company. Its core product is a self-custodial digital asset wallet that provides direct access to Ethereum and Ethereum-based decentralized applications. The Exodus platform enables users to store, send, and exchange Ether, as well as interact with Ethereum-based tokens and DeFi protocols within a single interface.
3. Bit Digital, Inc. (NASDAQ:BTBT)
Stock Upside: 228.95%
Number of Hedge Fund Holders: 18
Bit Digital, Inc. (NASDAQ:BTBT) is one of the best Ethereum stocks to buy now. On April 2, Craig-Hallum analyst George Sutton cut his price target on Bit Digital, Inc. to $3 from $4 while keeping a Buy rating on the stock.
Sutton was concerned that Bit Digital is trading at such a steep discount to its modified net asset value. As such, the company raising fresh capital through equity issuance would be highly dilutive and therefore unattractive. Put simply, Bit Digital is highly limited if it wants to fund growth through the market, at least until the valuation gap closes.
The analyst noted that the market’s skepticism toward Bit Digital’s majority stake in WhiteFiber (NASDAQ:WYFI), an AI developer and managed services provider, is the key driver of that valuation discount. Sutton noted that the Bit Digital stock was trading at just 0.63 times book value at the time of the note. This level, he said, implies that the market assigns little premium to the company’s operations or strategic assets beyond their liquidation value.
Independently of the analyst action, Bit Digital shared its Q4 and full-year 2025 financial results on March 31. The results show that the company’s ETH staking revenue surged 287% year over year to $7.0 million. Management noted that the growth was driven by higher staking rewards, expanded staked balances, and stronger average ETH prices.
Bit Digital, Inc. is a digital asset platform. It is a pure-play Ethereum company that accumulates ETH for staking operations. The company acquires ETH through capital raises and asset reallocation.
2. GameSquare Holdings Inc. (NASDAQ:GAME)
Stock Upside: 258.42%
Number of Hedge Fund Holders: 2
GameSquare Holdings Inc. (NASDAQ:GAME) is one of the best Ethereum stocks to buy now. On April 14, GameSquare Holdings, Inc., said its Board of Directors had raised the ceiling of its stock repurchase program from $5 million to $15 million. The Board made the call based on accelerating profitability and a strong balance sheet.
GameSquare first launched the share buyback program in October 2025, and as of March 31, 2026, the company had already deployed $2.5 million to buy back 5.06 million shares. According to CEO Justin Kenna, the full utilization of the remaining $12.5 million authorization could represent the repurchase of approximately 40% of the company’s current common shares outstanding at recent trading levels.
Meanwhile, on April 8, GameSquare reported its Q4 2025 financial results, delivering what the company described as a pivotal milestone. The milestone is the company’s first-ever positive adjusted EBITDA quarter of $1.7 million. This is a massive turnaround from a loss of $3.1 million in the same period a year earlier.
The earnings report also showed that as of December 31, 2025, GameSquare held 15,287.88 ETH on its balance sheet. Of that, 13,944.57 ETH was actively deployed in an onchain yield strategy managed in partnership with a firm called Dialectic. The Dialectic yield strategy ran from August 1 to December 31, 2025, and generated $1.1 million in yield. The company classified this ETH fund as a long-term asset on the balance sheet, and carried at $41.4 million as of year-end 2025.
GameSquare Holdings Inc. is a media, entertainment, technology, and digital finance company. The company actively acquires Ethereum and deploys these holdings into yield-generating strategies, including staking and DeFi applications.
1. Canaan Inc. (NASDAQ:CAN)
Stock Upside: 279.79%
Number of Hedge Fund Holders: 7
Canaan Inc. (NASDAQ:CAN) is one of the best Ethereum stocks to buy now. On April 15, Canaan Inc. released its unaudited Bitcoin mining update for March 2026, in which it reported that it mined 89 BTC, bringing the total BTC holding to 1,808 coins, and that the Ethereum holding during the month totaled 3,952 ETH. The company also updated that it expanded its North American power capacity by over 10 megawatts.
Canaan held 1,750 BTC and 3,951 ETH at year-end 2025. This grew to 1,793 BTC after February’s production of 86 BTC, and added another 15 BTC net in March to reach the new record.
On the infrastructure side, Canaan’s global installed power capacity reached 266.3 MW for non-joint venture operations. The company said this was supplemented by an additional 120 MW from the joint ventures in West Texas, which consist of assets acquired from Cipher Mining Inc. (NASDAQ:CIFR) in February 2026 for approximately $39.75 million.
Those West Texas joint ventures, collectively called the ABC Projects, contribute approximately 4.4 EH/s of operational hashrate to Canaan’s network. When combined with the company’s non-JV operations, the total deployed hashrate stood at 10.97 EH/s at month-end. The operating hashrate for non-JV facilities reached 6.89 EH/s.
Canaan now operates 13 active mining projects globally, with 11.29 EH/s of energized computing power and 15.37 EH/s of installed computing power.
Canaan Inc. is a technology company that designs and manufactures ASIC chips and mining equipment used in blockchain networks. Its core business is tied to Bitcoin mining hardware, but the company also holds Ethereum on its balance sheet and acquires ETH as part of its broader cryptocurrency operations.
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