Creations and Redemptions of Shares (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Summary of Activity in Value of Shares Issued and Redeemed


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Activity in Number of Shares Issued and Redeemed:
Shares issued			6,600,000				8,380,000				29,710,000				11,260,000
Shares redeemed			(7,690,000	)			(690,000	)			(17,650,000	)			(5,090,000	)
Net Change in Number of Shares Issued and Redeemed			(1,090,000	)			7,690,000				12,060,000				6,170,000


		Three Months Ended June 30,								Six Months Ended June 30,
(Amounts in thousands)		2026				2025				2026				2025
Activity in Value of Shares Issued and Redeemed:
Shares issued		$	140,171			$	182,637			$	677,841			$	265,463
Shares redeemed			(136,736	)			(14,976	)			(369,689	)			(119,392	)
Net Change in Value of Shares Issued and Redeemed		$	3,435			$	167,661			$	308,152			$	146,071

Summary of Receivable and Payable of Related Party

Ether receivable represents the value of Ether covered by contractually binding orders for the creation of Shares where the Ether has not yet been transferred to the Trust’s account. Generally, ownership of the Ether is transferred within no more than two business days of the trade date.


		As of June 30,
(Amounts in thousands)		2026				2025
Ether receivable		$	-			$	-

Ether payable represents the value of Ether covered by contractually binding orders for the redemption of Shares where the Ether has not yet been transferred out of the Trust’s account. Generally, ownership of the Ether is transferred within no more than two business days of the trade date.


		As of June 30,
(Amounts in thousands)		2026				2025
Ether payable		$	-			$	-