v3.26.1
INVESTMENT IN ETHER - Schedule of Changes in Quantity of Ether Held (Details)
 8 Months Ended 12 Months Ended
Jun. 27, 2024
USD ($)
Ethereum
CreationUnits
$ / item
shares
May 21, 2024
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
Ethereum
shares
Mar. 31, 2026
USD ($)
Ethereum
shares
INVESTMENT IN ETHER [Abstract]        
Beginning balance (in Ethereum) | Ethereum     760 11,780.2062
Beginning balance of fair value     $ 2,621,065 [1] $ 21,614,322 [2]
Ether purchased for the creation of Shares (in Ethereum) | Ethereum 760   13,300 21,636.6183
Ether purchased for the creation of Shares     $ 42,553,442 $ 75,689,578
Ether sold for the redemption of Shares (in Ethereum) | Ethereum     (2,279.7938) (13,282.9028)
Ether sold for the redemption of Shares     $ (6,326,233) $ (46,977,953)
Principal on ether sales to pay expenses (in Ethereum) | Ethereum     0 (38.4611)
Principal on ether sales to pay expenses     $ 0 $ (110,406)
Net realized gain (loss) from ether sold for the redemption of shares and sold to pay expenses     (995,550) [3] 2,746,623
Net change in unrealized appreciation (depreciation) on investments in ether     $ (16,238,402) [3] $ (10,724,721)
Ending balance (in Ethereum) | Ethereum 760   11,780.2062 20,095.4606
Ending balance of fair value [2]     $ 21,614,322 $ 42,237,443
Stock issued during the period shares new issues (in Shares) | shares     1,750,000 2,850,000
Proceeds from issuance of Shares $ 2,619,241.2   $ 42,553,442 $ 75,689,578
Redemption of Shares [4]     $ 6,326,233 $ 46,977,953
Number of Ether per creation unit 380      
Number of Ether per share 0.0076      
Quantity of ether (in Ethereum) | Ethereum 760   11,780.2062 20,095.4606
Quantity of ether purchased (in Ethereum) | Ethereum 760   13,300 21,636.6183
Cost of Ether per unit (in Dollars per Item) | $ / item 3,446.37      
Initial Seed Shares [Member]        
INVESTMENT IN ETHER [Abstract]        
Stock issued during the period shares new issues (in Shares) | shares   4,000    
Shares issued, price per share (in Dollars per share) | $ / shares   $ 25    
Proceeds from issuance of Shares   $ 100,000    
Redemption of Shares $ 100,000      
Seed Creation Units [Member]        
INVESTMENT IN ETHER [Abstract]        
Ending balance (in Ethereum) | Ethereum 760      
Stock issued during the period shares new issues (in Shares) | shares 100,000      
Proceeds from issuance of Shares $ 2,619,241.2      
Number of seed creation units issued (in CreationUnits) | CreationUnits 2      
Number of Ether per creation unit 380      
Number of Ether per share 0.0076      
Quantity of ether (in Ethereum) | Ethereum 760      
[1] On May 21, 2024, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on May 21, 2024. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On June 27, 2024, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 380 ether per Creation Unit (or 0.0076 ether per Share), for a total of 760 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 760 ether at the price of $3,446.37 per ether on June 27, 2024 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to ether, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,619,241.20 (an amount representing 760 ether). Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. The Seed Capital Investor acted as a statutory underwriter with respect to the Seed Creation Units.
[2] Cost of investments in ether: $69,199,790 at March 31, 2026 and $37,851,948 at March 31, 2025.
[3] On May 21, 2024, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on May 21, 2024. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On June 27, 2024, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 380 ether per Creation Unit (or 0.0076 ether per Share), for a total of 760 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 760 ether at the price of $3,446.37 per ether on June 27, 2024 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to ether, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,619,241.20 (an amount representing 760 ether). Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.
[4] Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.