v3.26.1
Statement of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Changes in Shares Outstanding:    
Shares outstanding, beginning of period 74,550,000 47,175,000
Shares issued 29,000,000 12,350,000
Shares redeemed (45,700,000) (19,500,000)
Net Increase (Decrease) in Shares (16,700,000) (7,150,000)
Shares Outstanding, End of Period 57,850,000 40,025,000
Net investment income (loss) $ (957) $ (666)
Net realized gain (loss) on investment in ether distributed for redemptions (277,297) (179,706)
Net realized gain (loss) on investment in ether distributed for redemptions 23,321 (0)
Net realized gain (loss) on investment in ether transferred to pay the Sponsor fee (329) (223)
Net change in unrealized appreciation (depreciation) on investment in ether (407,174) (484,702)
Net Increase (Decrease) in Net Assets Resulting from Operations (662,436) (665,297)
Capital Share Transactions:    
Shares issued 674,058 365,228
Shares redeemed (1,009,269) (538,638)
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions (335,211) (173,410)
Total Increase (Decrease) in Net Assets (997,647) (838,707)
Net Assets, beginning of period 2,209,769 1,572,626
Net Assets, End of Period 1,212,122 733,919
Ether [Member]    
Changes in Shares Outstanding:    
Net realized gain (loss) on investment in ether distributed for redemptions $ 23,321 $ 0