Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 11. Subsequent Events On August 6, 2026, the Sponsor and the Trustee entered into the Fourth Amended and Restated Declaration of Trust and Trust Agreement (the “Fourth A&R Trust Agreement”), which amends and restates the Trust’s Third Amended and Restated Declaration of Trust and Trust Agreement in its entirety. The Fourth A&R Trust Agreement provides, among other things, for the Trust to make mandatory cash distributions to shareholders of the net proceeds from staking rewards, by requiring the Trust to convert staking rewards held by the Trust to cash no less often than quarterly and promptly distribute the net proceeds to shareholders, after deducting applicable fees and Trust expenses, and includes related conforming amendments to facilitate the Trust’s staking program and distribution framework. The Trust currently intends to make such distributions on a monthly, but no less than quarterly, basis. The amount of future distributions will depend on the staking rewards earned by the Trust and applicable deductions and therefore cannot be predicted with certainty. Shareholders are advised to discuss any tax consequences relating to their investment in the Trust as a result of the Fourth A&R Trust Agreement with their tax advisors. On July 8, 2026, the Trust made a cash distribution (the “July Distribution”) to shareholders derived from a portion of the Ether received as staking rewards from the Trust’s staking activities. The July Distribution totaled $2,089,961, or $0.021855 per Share, and was declared with an ex-dividend date and record date of July 7, 2026, and payable on July 8, 2026. On August 5, 2026, the Trust made a cash distribution (the “August Distribution”) to shareholders derived from a portion of the Ether received as staking rewards from the Trust’s staking activities. The August Distribution totaled $2,037,467, or $0.021664 per Share, and was declared with an ex-dividend date and record date of August 4, 2026, and payable on August 5, 2026. The distributions reduced the Trust’s Ether holdings through the sale of Ether to generate cash. The Sponsor has evaluated all subsequent events through the issuance of the financial statements and has noted no other events requiring adjustment or additional disclosure in the financial statements. |