Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Activity in Ether [Table Text Block]

Period from May 21, 2024 (Date of Seeding) to Period Ended December 31, 2024	Quantity			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		—		$	—		$	—		$	—
Ether purchased		1,118,503			3,695,230,461			3,695,230,461			—
Ether sold for the redemption of shares		(46,952	)		(150,918,814	)		(158,481,171	)		7,562,357
Ether sold to pay expenses		(136	)		(409,372	)		(387,302	)		(22,070	)
Net realized gain		—			—			7,540,287			—
Net change in unrealized appreciation/depreciation		—			—			27,767,502			—
Ending balance		1,071,415		$	3,543,902,275		$	3,571,669,777		$	7,540,287

Schedule of Capital Units [Table Text Block]

	For the period from May 21, 2024 (Date of Seeding) to December 31,
	2024
	Shares			Amount
Shares issued		147,680,000		$	3,695,353,729
Shares redeemed		(6,200,000	)		(158,510,365	)
Net increase		141,480,000		$	3,536,843,364