v3.26.1
Fair Value of Ether (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Changes in Quantity of Ether and Respective Fair Value

The following represents the changes in quantity of Ether and the respective fair value:

(Amounts in thousands, except Ether amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2024

 

 

1,417,788.29257515

 

 

$

4,735,980

 

Ether contributed

 

 

58,394.50354538

 

 

 

145,024

 

Ether redeemed

 

 

(333,499.26471943

)

 

 

(811,599

)

Ether distributed for Sponsor’s Fee, related party

 

 

(15,229.93845663

)

 

 

(37,446

)

Net change in unrealized appreciation/depreciation on investment in Ether

 

 

-

 

 

 

(1,883,136

)

Net realized gain on investment in Ether sold to pay Sponsor’s Fee

 

 

-

 

 

 

30,214

 

Net realized gain on investment in Ether sold for redemption of Shares

 

 

-

 

 

 

657,896

 

Balance at June 30, 2025

 

 

1,127,453.59294447

 

 

$

2,836,933

 

 

 

 

 

 

 

 

(Amounts in thousands, except Ether amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2025

 

 

910,328.89953386

 

 

$

2,705,443

 

Ether contributed

 

 

100,638.09303104

 

 

 

261,371

 

Ether redeemed

 

 

(222,953.87073101

)

 

 

(541,860

)

Ether distributed for Sponsor’s Fee, related party

 

 

(10,427.77480814

)

 

 

(23,348

)

Ether distributed for Sponsor’s Staking Fee, related party

 

 

(2,501.19306920

)

 

 

(6,192

)

Staking Reward Income

 

 

8,376.79826132

 

 

 

18,808

 

Ether distributed to Shareholders

 

 

(8,462.44094203

)

 

 

(21,150

)

Net change in unrealized appreciation/depreciation on investment in Ether

 

 

-

 

 

 

(1,489,085

)

Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether

 

 

-

 

 

 

(181

)

Net realized gain on investment in Ether sold to pay Sponsor’s Fee

 

 

-

 

 

 

11,441

 

Net realized gain on investment in Ether sold to pay Sponsor’s Staking Fee

 

 

-

 

 

 

3,594

 

Net realized gain on investment in Ether sold for Income Distribution

 

 

-

 

 

 

11,935

 

Net realized gain on investment in Ether sold for redemption of shares

 

 

-

 

 

 

292,582

 

Balance at June 30, 2026

 

 

774,998.51127584

 

 

$

1,223,358