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<!-- DFIN New ActiveDisclosure (SM) XBRL Schema Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date :2026-08-07T10:53:45.9336+00:00 -->
<!-- Copyright (c) 2026 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseInNetAssetsFromCapitalShareTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (decrease) in net assets from capital share transactions</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsDistributed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ether distributed for Sponsor's Fee</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToTransferredToPaySponsorFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Realized investment gains losses related to transferred to pay sponsor fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToTransferredToPaySponsorFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToTransferredToPaySponsorFee_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized gain (loss) from investment in ether transferred to pay Sponsor Fee</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_StockRedeemedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Redeemed During Period, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_StockRedeemedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned balance contracts purchases.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Balance Contracts Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Realized investment gains losses related to redemptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Investment Gains Losses Related to Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesRelatedToRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) from investment in ether sold for redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Ratios [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Ratios to average net assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedGains_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of ether cumulative realized gains</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedGains_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value of Ether Cumulative Realized Gains</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedGains_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value of ether cumulative realized gains.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Stockholders' Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PayableForEtherPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payable for ether purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PayableForEtherPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payable for ether purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PayableForEtherPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payable for ether purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IndemnificationsAbsract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Indemnifications.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IndemnificationsAbsract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indemnifications [Absract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Units, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockNoParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, no par value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockNoParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, No Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentsOwnedDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ether distributed for Sponsor's Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentsOwnedDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments owned distributions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentsOwnedDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments Owned Distributions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentsOwnedDistributions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Ether transferred for Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NoncashIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NoncashIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NoncashIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ReceivableForEtherSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivable for ether sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ReceivableForEtherSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Receivable for Ether Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ReceivableForEtherSold_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Receivable for ether sold.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss), Per Share, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment income.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedContractsInKindRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Contracts In Kind Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedContractsInKindRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned contracts in kind redemptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedContractsInKindRedemptions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">In-Kind Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Accounting, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis of Presentation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInAccruedSponsorsFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in accrued sponsor's fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInAccruedSponsorsFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) In Accrued Sponsor's Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInAccruedSponsorsFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (Decrease) in Sponsor Fee payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_EtherIndexPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ether index price per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_EtherIndexPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ether index price per share.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_EtherIndexPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ether Index Price Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage&#160;of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage&#160;of net assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Percentage Of Net Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorOwnedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sponsor owned number of shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorOwnedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sponsor Owned Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorOwnedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor owned number of shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Ethereum Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ethereum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Ethereum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Level 3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_QuantityOfBitcoin_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Quantity of Bitcoin.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_QuantityOfBitcoin_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Quantity Of Bitcoin</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_LukkaPrimeRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lukka Prime Rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_LukkaPrimeRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lukka Prime Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_LukkaPrimeRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lukka Prime Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Gain (Loss) on Investment, Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized and change in unrealized on investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized and change in unrealized appreciation (depreciation) on investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Organization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in operating assets and liabilities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchase price per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued, Price Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, New Issues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of initial shares of the trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss) from Operations, Per Share [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment Income (Loss) from Operation:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss) Ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares in block issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares in block issued.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares In Block Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Summary of Per Share Performance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Subsequent Events</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets, Fair Value Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Creations for Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Net Assets, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Owned, Percent of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sponsor fee percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sponsor Fee Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor fee percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rule 10b51 Arr Modified Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rule 10b51 arr modified flag.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Use of Estimates, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Use of Estimates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Level 1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RecentlyIssuedAccountingPronouncementsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Recently issued accounting pronouncements.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RecentlyIssuedAccountingPronouncementsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Recently Issued Accounting Pronouncements [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RecentlyIssuedAccountingPronouncementsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Recently Issued Accounting Pronouncements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Financial Highlights</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Realized Investment Gains (Losses), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net realized gain (loss) on investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net realized (gain) loss from investment in ether transferred to pay Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net realized gain (loss) on investment in ether sold for redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized gain (loss) from investment in ether transferred to pay Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Concentration of Risk</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedAndUnrealizedGainLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Realized And Unrealized Gain Loss [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedAndUnrealizedGainLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Realized And Unrealized Gain Loss [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedAndUnrealizedGainLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized and change in unrealized gain (loss) on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss) from Operations, Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net change in net assets from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Quarterly Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Level 2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net change in unrealized (appreciation) on investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized appreciation (depreciation)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net change in unrealized (appreciation) depreciation from investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net change in unrealized appreciation (depreciation) from investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in unrealized appreciation (depreciation) from investment in ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares sold for cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock, Number of Shares Issued in Transaction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Summary of Trust's Assets Accounted at Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in net assets resulting from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_QuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Quantity of Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_QuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Quantity of ether.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyMarketValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Market Value, Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyMarketValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market value per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToReportingEntityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyTotalReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Total Return</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyTotalReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total return, at net asset value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organizational And Offering Costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organizational And Offering Costs, Policy [policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Organizational and Offering Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net realized and unrealized gain (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned purchases.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIssuerNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Issuer Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair Value of Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosures [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trust assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Asset, Held-in-Trust, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset, Held-in-Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OperationsCommencedPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Operations commenced period.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OperationsCommencedPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operations Commenced Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_OperationsCommencedPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commenced period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Operating Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentManagerLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitwise Investment Manager, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentManagerLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitwise Investment Manager LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentManagerLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BIM</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized, Unlimited [Fixed List]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NAV Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Principal Market NAV per-share, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Principal Market NAV per-share, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principal Market NAV per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsPayableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Accounts Payable [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsPayableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Accounts Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsPayableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of accounts payable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash flows from operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmIndividualTitleAndPositionOrGroupOrCommitteeNameExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseAssetManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitwise Asset Management, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseAssetManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitwise Asset Management, Inc [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseAssetManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">BAM</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of shares in cash-settled transactions in blocks at trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares in cash-settled transactions in blocks at trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares In Cash-settled Transactions In Blocks At Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentAdvisersLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitwise Investment Advisers, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentAdvisersLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitwise Investment Advisers, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentAdvisersLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_BitwiseInvestmentAdvisersLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">BAM</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Shares purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net increase (decrease) in net assets resulting from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">End of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">End of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalSharesTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in net assets from operations and capital shares transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalSharesTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) In Net Assets From Operations And Capital Shares Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalSharesTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total increase (decrease) in net assets from operations and capital share transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MinimumNumberOfTrusteeShouldAvailableInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Minimum number of trustee should available in trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MinimumNumberOfTrusteeShouldAvailableInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Number Of Trustee Should Available In Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MinimumNumberOfTrusteeShouldAvailableInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Minimum number of trustee should available in trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Rule 10b51 Arr Modified Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non Rule 10b51 arr modified flag.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Expense, after Reduction of Fee Waiver and Reimbursement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Supplemental Cash Flow Information [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supplemental disclosure of noncash operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transactions and Agreements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CryptoAssetAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsDistributedOfRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ether distributed for redemption of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsDistributedOfRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned balance contracts distributed of redemption.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsDistributedOfRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Balance Contracts Distributed Of Redemption</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsDistributedOfRedemption_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Sales for the redemption of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant Accounting Policies [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Significant Accounting Policies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment Transactions and Revenue Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioExcludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Expense Ratio, after Fee Waiver and before Incentive Fee Deduction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioExcludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIssuerNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Issuer Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Creation and Redemption of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash flows from financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseOffsetArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Expense Offset Arrangement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseOffsetArrangement_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less: waivers and reimbursements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Investment Gains Losses From In-kind Redemptions of Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Realized investment gains losses from in-kind redemptions of ether.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_RealizedInvestmentGainsLossesFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) from In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum sponsor fee for legal fees and expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Sponsor Fee For Legal Fees And Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum sponsor fee for legal fees and expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Redeemed or Called During Period, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchase of shares, value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Value, New Issues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of initial shares of the trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Schedule of Changes in Quantity of Ether and Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holdings, Schedule of Investments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingExpenseInformationUsedByCodmDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, Expense Information Used by CODM, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in Shares issued and outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Period Increase (Decrease)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsReceivableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Accounts Receivable [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsReceivableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Accounts Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_ScheduleOfAccountsReceivableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of accounts receivable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment in ether, at cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of ether cumulative realized losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value of Ether Cumulative Realized Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_FairValueOfEtherCumulativeRealizedLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value of ether cumulative realized losses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsRedeemed_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsRedeemed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromInvestmentInEtherSoldForRedemptions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net realized (gain) loss from investment in ether sold for redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromInvestmentInEtherSoldForRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net realized (gain) loss from investment in ether sold for redemptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromInvestmentInEtherSoldForRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Realized (Gain) Loss From Investment In Ether Sold For Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IndemnificationsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Indemnifications.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IndemnificationsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indemnifications [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_IndemnificationsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Indemnifications</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks and Uncertainties [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInPartnersCapitalRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Partners' Capital [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Common Stock, Shares, Outstanding, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Common Stock, Shares, Outstanding, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued and outstanding, no par value, unlimited amount authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Shares outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioIncludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Expense Ratio, after Fee Waiver and Incentive Fee Deduction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioIncludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Ex Transition Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Recently Issued Accounting Pronouncements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CryptoAssetDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Unrecognized Tax Benefits, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Unrecognized Tax Benefits, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrecognized Tax Benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Proceeds from Issuance of Common Stock, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Creations for Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninvestment Assets Less Noninvestment Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities in excess of other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SponsorFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sponsor Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SponsorFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountRedemptions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_CmeCfEtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CME CF Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_CmeCfEtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">CME CF Ether.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_CmeCfEtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CME CF Ether [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_AssetNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_AssetNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Net [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_AssetNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor Fee payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sponsor Fee Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_SponsorFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sponsor Fee Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment Valuation - Principal Market Net Asset Value ("NAV")</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) from In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net realized (gain) loss from In-Kind Redemptions of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Realized Gain Loss From In-Kind Redemptions Of Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_NetRealizedGainLossFromIn-KindRedemptionsOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net realized gain loss from in-kind redemptions of ether.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForPurchaseOfInvestmentOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment for Purchase, Investment, Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForPurchaseOfInvestmentOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchases of ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in net assets resulting from capital share transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Partners' Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperationsCommencedDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operations Commenced Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperationsCommencedDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commenced date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Net [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_TransferOfEtherToPaySponsorFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transfer of ether to pay Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_TransferOfEtherToPaySponsorFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Transfer of ether to pay Sponsor Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingChangesAndErrorCorrectionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Changes and Error Corrections [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsQuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned balance contracts quantity of ether.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsQuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Balance Contracts Quantity of Ether</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsQuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trust held net closing balance of ether</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ethw_InvestmentOwnedBalanceContractsQuantityOfEther_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
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  <xsd:element id="ethw_BitwiseAssetManagementIncMember" name="BitwiseAssetManagementIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_ScheduleOfAccountsPayableTableTextBlock" name="ScheduleOfAccountsPayableTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_FairValueOfEtherCumulativeRealizedLosses" name="FairValueOfEtherCumulativeRealizedLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock" name="OrganizationalAndOfferingCostsPolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_NetRealizedGainLossFromIn-KindRedemptionsOfEther" name="NetRealizedGainLossFromIn-KindRedemptionsOfEther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember" name="ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_NoncashIn-KindRedemptionsOfEther" name="NoncashIn-KindRedemptionsOfEther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_ScheduleOfAccountsReceivableTableTextBlock" name="ScheduleOfAccountsReceivableTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_MinimumNumberOfTrusteeShouldAvailableInTrust" name="MinimumNumberOfTrusteeShouldAvailableInTrust" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_TransferOfEtherToPaySponsorFee" name="TransferOfEtherToPaySponsorFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_IncreaseInNetAssetsFromCapitalShareTransactionsAbstract" name="IncreaseInNetAssetsFromCapitalShareTransactionsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_PayableForEtherPurchased" name="PayableForEtherPurchased" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_InvestmentOwnedBalanceContractsPurchases" name="InvestmentOwnedBalanceContractsPurchases" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_Rule10B51ArrModifiedFlag" name="Rule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_NetRealizedGainLossFromInvestmentInEtherSoldForRedemptions" name="NetRealizedGainLossFromInvestmentInEtherSoldForRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalSharesTransactions" name="IncreaseDecreaseInNetAssetsFromOperationsAndCapitalSharesTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_PercentageOfNetAssets" name="PercentageOfNetAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_IndemnificationsTextBlock" name="IndemnificationsTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_RecentlyIssuedAccountingPronouncementsTextBlock" name="RecentlyIssuedAccountingPronouncementsTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_NonRule10B51ArrModifiedFlag" name="NonRule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_BitwiseInvestmentManagerLlcMember" name="BitwiseInvestmentManagerLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_InvestmentOwnedContractsInKindRedemptions" name="InvestmentOwnedContractsInKindRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_QuantityOfEther" name="QuantityOfEther" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust" name="NumberOfSharesInCashSettledTransactionsInBlocksAtTrust" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_RealizedInvestmentGainsLossesFromIn-KindRedemptionsOfEther" name="RealizedInvestmentGainsLossesFromIn-KindRedemptionsOfEther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_SponsorFeePercentage" name="SponsorFeePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_MaximumSponsorFeeForLegalFeesAndExpenses" name="MaximumSponsorFeeForLegalFeesAndExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_NetRealizedAndUnrealizedGainLossAbstract" name="NetRealizedAndUnrealizedGainLossAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_OperationsCommencedPeriod" name="OperationsCommencedPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_IncreaseDecreaseInAccruedSponsorsFee" name="IncreaseDecreaseInAccruedSponsorsFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_LukkaPrimeRateMember" name="LukkaPrimeRateMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_InvestmentsOwnedDistributionsOfRedemption" name="InvestmentsOwnedDistributionsOfRedemption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_InvestmentIncome" name="InvestmentIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_ReceivableForEtherSold" name="ReceivableForEtherSold" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_InvestmentOwnedPurchases" name="InvestmentOwnedPurchases" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_InvestmentsOwnedDistributions" name="InvestmentsOwnedDistributions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_IndemnificationsAbsract" name="IndemnificationsAbsract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_RealizedInvestmentGainsLossesRelatedToTransferredToPaySponsorFee" name="RealizedInvestmentGainsLossesRelatedToTransferredToPaySponsorFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_FairValueOfEtherCumulativeRealizedGains" name="FairValueOfEtherCumulativeRealizedGains" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_QuantityOfBitcoin" name="QuantityOfBitcoin" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_EtherIndexPricePerShare" name="EtherIndexPricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_RealizedInvestmentGainsLossesTransferredToPaySponsorFee" name="RealizedInvestmentGainsLossesTransferredToPaySponsorFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_StockRedeemedDuringPeriodShares" name="StockRedeemedDuringPeriodShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_InvestmentOwnedBalanceContractsDistributed" name="InvestmentOwnedBalanceContractsDistributed" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_SponsorFeePayable" name="SponsorFeePayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_RealizedInvestmentGainsLossesRelatedToRedemptions" name="RealizedInvestmentGainsLossesRelatedToRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ethw_CoinbaseCustodyTrustCompanyLlcMember" name="CoinbaseCustodyTrustCompanyLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_NumberOfSharesInBlockIssued" name="NumberOfSharesInBlockIssued" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_InvestmentOwnedBalanceContractsDistributedOfRedemption" name="InvestmentOwnedBalanceContractsDistributedOfRedemption" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_AssetNetAbstract" name="AssetNetAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_InvestmentOwnedBalanceContractsQuantityOfEther" name="InvestmentOwnedBalanceContractsQuantityOfEther" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_FairValueOfEtherNetRealizedLosses" name="FairValueOfEtherNetRealizedLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ethw_InvestmentInEthereumMember" name="InvestmentInEthereumMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_CmeCfEtherMember" name="CmeCfEtherMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ethw_InvestmentOwnedBalanceContractsIn-KindRedemptions" name="InvestmentOwnedBalanceContractsIn-KindRedemptions" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ethw_SponsorOwnedNumberOfShares" name="SponsorOwnedNumberOfShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ethw_StockRedeemedDuringPeriodValue" name="StockRedeemedDuringPeriodValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
</xsd:schema>
