v3.26.1
Statement of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Investment in ether, at fair value (cost $1,459,448 and $2,050,114 as of March 31, 2026 and December 31, 2025, respectively) $ 1,212,386 $ 2,210,226
Receivables from sales of ether 0 2,217
Receivables from issuance of capital shares 1,568 0
Total Assets 1,213,954 2,212,443
Liabilities    
Payable for purchases of ether 1,568 0
Payable for capital shares redeemed 0 2,217
Sponsor fee payable 264 457
Total Liabilities 1,832 2,674
Commitments and Contingencies (Note 6)
Net Assets    
Shares, no par value (unlimited shares authorized) 57,850,000 and 74,550,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Paid-in-capital 2,305,968 2,641,179
Total distributable earnings (loss) (1,093,846) (431,410)
Total Net Assets $ 1,212,122 $ 2,209,769
Net Asset Value per share (57,850,000 and 74,550,000 shares issued and outstanding as ofMarch 31, 2026 and December 31, 2025, respectively) $ 20.95 $ 29.64