v3.26.1
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Investment Income    
Staking income $ 1,194,785 $ 1,194,785
Expenses    
Sponsor’s fee, inclusive of Sponsor’s Staking Portion 419,914 467,379
Sponsor’s fee waived (179,522) (196,572)
Total expenses 240,392 270,807
Net investment income 954,393 923,978
Net Realized and Unrealized loss    
Ether sold to pay expenses (13,274) (13,274)
Ether sold for the redemption of Shares (11,321,036) [1],[2] (11,350,107) [3],[4]
Ether sold for distributions (87,095) (87,095)
Net realized loss (11,421,405) [5] (11,450,476) [6]
Net change in unrealized appreciation/depreciation (154,226,015) (150,224,570)
Net realized and unrealized loss (165,647,420) (161,675,046)
Net decrease in net assets resulting from operations $ (164,693,027) $ (160,751,068)
Net decrease in net assets per Share (in dollars per share) [7] $ (7.73) $ (12.19)
[1] Includes $(2,770,669) of ether paid for the in-kind redemption of Shares.
[2] Includes ether paid in-kind for shares redeemed of $21,517,719 (Cost of ether paid was $24,288,388 and realized loss of ether paid was $2,770,669).
[3] Includes $(2,799,740) of ether paid for the in-kind redemption of Shares.
[4] Includes ether paid in-kind for Shares redeemed of $22,556,398 (Cost of ether paid was $25,356,138 and realized loss of ether paid was $2,799,740).
[5] Includes $358,351 of realized gains and $(11,779,756) of realized losses.
[6] Includes $358,351 of realized gains and $(11,808,827) of realized losses.
[7] Net decrease in net assets per Share based on average shares outstanding during the period.