v3.26.1
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Staking Reward Income $ 8,286 $ 0 $ 18,808 $ 0
Investment income 0 0 0 0
Total Investment income 8,286 0 18,808 0
Expenses:        
Sponsor's Fee, related party 10,371 15,646 23,348 37,446
Sponsor's Staking Fee, related party 1,708 0 3,878 0
Net expenses 12,079 15,646 27,226 37,446
Net investment loss (3,793) (15,646) (8,418) (37,446)
Net realized and unrealized (loss) gain from:        
Net realized gain on investment in Ether sold to pay Sponsor's Fee 4,481 12,074 11,441 30,214
Net realized gain on investment in Ether sold for redemption of Shares 79,779 153,517 292,582 657,896
Net realized gain on investment in Ether sold for Income Distribution 3,082 0 11,935 0
Net realized gain on investment in Ether sold to pay Sponsor's Staking Fee 739 0 3,594 0
Net change in unrealized appreciation/depreciation on investment in Ether (486,789) 604,451 (1,489,085) (1,883,136)
Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether 0 0 (181) 0
Net realized and unrealized (loss) gain on investment (398,708) 770,042 (1,169,714) (1,195,026)
Net (decrease) increase in net assets resulting from operations $ (402,501) $ 754,396 $ (1,178,132) $ (1,232,472)