v3.26.1
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Staking Reward income $ 8,521 $ 0 $ 16,896 $ 0
Investment income 0 0 0 0
Total Investment income 8,521 0 16,896 0
Expenses:        
Sponsor's Staking Fee, related party 264 0 523 0
Sponsor's Fee, related party 682 406 1,389 871
Gross expenses 946 406 1,912 871
Sponsor's Fee Waiver, related party 0 0 0 (142)
Net expenses 946 406 1,912 729
Net investment income (loss) 7,575 (406) 14,984 (729)
Net realized and unrealized (loss) gain from:        
Net realized loss on investment in Ether sold to pay expenses (365) (188) (641) (310)
Net realized loss on investment in Ether sold to pay Sponsor's Staking Fee (144) 0 (259) 0
Net realized loss on investment in Ether sold for redemption of Shares (93,456) (6,067) (176,796) (41,260)
Net change in unrealized appreciation/depreciation on investment in Ether (372,739) 335,217 (977,499) (346,430)
Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether (0) 0 (19) (0)
Net realized and unrealized (loss) gain on investment (466,704) 328,962 (1,155,214) (388,000)
Net (decrease) increase in net assets resulting from operations $ (459,129) $ 328,556 $ (1,140,230) $ (388,729)