v3.26.1
STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
(Decrease) increase in net assets from operations:        
Net investment income (loss) $ 7,575 $ (406) $ 14,984 $ (729)
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 (decrease) increase in net assets resulting from operations (459,129) 328,556 (1,140,230) (388,729)
Increase in net assets from capital share transactions:        
Shares issued 140,171 182,637 677,841 265,463
Shares redeemed (136,736) (14,976) (369,689) (119,392)
Net increase (decrease) in net assets resulting from capital share transactions 3,435 167,661 308,152 146,071
Total (decrease) increase in net assets from operations and capital share transactions (455,694) 496,217 (832,078) (242,658)
Net assets:        
Beginning of period 1,804,771 834,039 2,181,155 1,572,914
End of period $ 1,349,077 $ 1,330,256 $ 1,349,077 $ 1,330,256
Change in Shares outstanding:        
Shares outstanding at beginning of period 90,880,788 48,450,788 77,730,788 49,970,788
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 (decrease) increase in Shares (1,090,000) 7,690,000 12,060,000 6,170,000
Shares outstanding at end of period 89,790,788 56,140,788 89,790,788 56,140,788