Pay with ETH · SMH
Want to put your Ethereum (ETH) to work in VanEck Semiconductor ETF (SMH)? On GM Markets you can buy tokenized SMH, backed 1:1 by real shares, funding the purchase with ETH. This guide covers how the ETH-to-stock flow works, the live price, the fees, the risks, and the steps to place your first order.
Funding
Ethereum (ETH) settles on Ethereum. You can use it to fund tokenized-stock purchases; because its price moves, many investors convert to a stablecoin like USDC at the point of trade.
About the fund
SMH is an exchange-traded fund that holds shares of leading semiconductor companies, including chip designers, manufacturers, and equipment makers, weighted primarily by market value. It aims to track a semiconductor industry index before fees rather than to outperform it.
The bull case
Investors point to SMH as a focused way to gain exposure to the semiconductor industry in one trade, capturing many of the largest chip makers and equipment suppliers together.
Key risks
As a narrow thematic fund, SMH is much less diversified and more volatile than a broad-market ETF, it is highly concentrated in a small group of chip companies, and it swings with the notoriously cyclical semiconductor industry.
Step by step
Create a wallet
GM Markets is non-custodial, so you connect a self-custody wallet and keep your own keys. There is no lengthy brokerage onboarding.
Fund with ETH
Add ETH to your wallet. GM Markets settles trades in stablecoins, so this becomes your buying power.
Find SMH
Search for VanEck Semiconductor ETF (SMH) in the GM Markets terminal to see the live order book and chart.
Place your order
Buy from as little as $1 with a market or limit order. Your SMH token is backed 1:1 by a real share held at a regulated issuer.
Hold, trade, or redeem
Your position settles on-chain and is yours. Sell any time, or hold for exposure to SMH.
FAQ
Other options
See the full VanEck Semiconductor ETF guide or the Ethereum hub.
Trading involves risk, including possible loss of principal. The value of tokenized assets and perpetual positions can fall as well as rise, and past performance is not indicative of future results. Perpetual futures are leveraged products and may not be suitable for every user.
GM Markets does not offer its product or services to users in the United States, or in any other restricted jurisdiction.
GM Markets does not provide financial, investment, tax, or legal advice. All investments carry risk including the loss of principal. Past performance does not guarantee future returns.
