v3.26.1
Fair Value of Ether (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Changes in Quantity of Ether and Respective Fair Value

The following represents the changes in quantity of Ether and the respective fair value:

(Amounts in thousands, except Ether amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2024

 

 

470,875.75775088

 

 

$

1,572,914

 

Ether contributed

 

 

106,063.76794599

 

 

 

265,463

 

Ether redeemed

 

 

(47,954.16582573

)

 

 

(119,392

)

Ether distributed for Sponsor’s Fee, related party

 

 

(314.96476721

)

 

 

(729

)

Net change in unrealized appreciation/depreciation on investment in Ether

 

 

-

 

 

 

(346,430

)

Net realized loss on investment in Ether sold to pay Sponsor’s Fee

 

 

-

 

 

 

(310

)

Net realized gain on investment in Ether sold for redemption of Shares

 

 

-

 

 

 

(41,260

)

Balance at June 30, 2025

 

 

528,670.39510393

 

 

$

1,330,256

 

 

 

 

 

 

 

 

(Amounts in thousands, except Ether amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2025

 

 

733,993.75276361

 

 

$

2,181,386

 

Ether contributed

 

 

281,172.01444297

 

 

 

677,841

 

Ether redeemed

 

 

(167,278.76206736

)

 

 

(369,689

)

Ether Staking Reward income

 

 

7,699.21695012

 

 

 

16,896

 

Ether distributed for Sponsor’s Fee, related party

 

 

(629.41907388

)

 

 

(1,389

)

Ether distributed for Sponsor’s Staking Fee, related party

 

 

(314.12823728

)

 

 

(752

)

Net change in unrealized appreciation/depreciation on investment in Ether

 

 

-

 

 

 

(977,499

)

Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether

 

 

-

 

 

 

(19

)

Net realized loss on investment in Ether sold to pay Sponsor’s Fee

 

 

-

 

 

 

(641

)

Net realized loss on investment in Ether sold to pay Sponsor’s Staking Fee

 

 

-

 

 

 

(259

)

Net realized loss on investment in Ether sold for redemption of Shares

 

 

-

 

 

 

(176,796

)

Balance at June 30, 2026

 

 

854,642.67477818

 

 

$

1,349,079