v3.26.1
STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Decrease (increase) in net assets from operations:        
Net investment loss $ (3,793,000) $ (15,646,000) $ (8,418,000) $ (37,446,000)
Net realized gain on investment in Ether sold to pay Sponsor's Fee 4,481,000 12,074,000 11,441,000 30,214,000
Net realized gain on investment in Ether sold for redemption of Shares 79,779,000 153,517,000 292,582,000 657,896,000
Net realized gain on investment in Ether sold for Income Distribution 3,082,000 0 11,935,000 0
Net realized gain on investment in Ether sold to pay Sponsor's Staking Fee 739,000 0 3,594,000 0
Net change in unrealized appreciation/depreciation on investment in Ether (486,789,000) 604,451,000 (1,489,085,000) (1,883,136,000)
Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in Ether 0 0 (181,000) 0
Net (decrease) increase in net assets resulting from operations (402,501,000) 754,396,000 (1,178,132,000) (1,232,472,000)
Decrease in net assets from capital share transactions:        
Shares issued 27,261,000 64,761,000 261,371,000 145,024,000
Shares redeemed (179,607,000) (205,781,000) (541,860,000) (811,599,000)
Shares distributed in sponsor staking rewards (6,760,000) 0 (21,150,000) 0
Net decrease in net assets resulting from capital share transactions (159,106,000) (141,020,000) (301,639,000) (666,575,000)
Total decrease in net assets from operations and capital share transactions (561,607,000) 613,376,000 (1,479,771,000) (1,899,047,000)
Net assets:        
Beginning of period 1,784,951,000 2,223,557,000 2,703,115,000 4,735,980,000
End of period $ 1,223,344,000 [1] $ 2,836,933,000 $ 1,223,344,000 [1] $ 2,836,933,000
Change in Shares outstanding:        
Shares outstanding at beginning of period 104,698,500 146,028,500 110,878,500 169,098,500
Shares issued 1,690,000 3,040,000 12,330,000 7,010,000
Shares redeemed (10,560,000) (12,920,000) (27,380,000) (39,960,000)
Net decrease in Shares (8,870,000) (9,880,000) (15,050,000) (32,950,000)
Shares outstanding at end of period 95,828,500 136,148,500 95,828,500 136,148,500
[1] Investment in Ether includes $999,963 of staked Ether at June 30, 2026.