Statements of Operations (Unaudited) - USD ($)		3 Months Ended				4 Months Ended		9 Months Ended
		Sep. 30, 2025		Sep. 30, 2024		Sep. 30, 2024		Sep. 30, 2025
Expenses
Sponsor’s fees		$ 7,917,727		$ 358,491		$ 358,911		$ 11,838,343
Sponsor’s fees waived		(204,795)		(186,634)		(186,634)		(1,748,012)
Total expenses		7,712,932		171,857		172,277		10,090,331
Net investment loss		(7,712,932)		(171,857)		(172,277)		(10,090,331)
Net Realized and Unrealized Gain (Loss)
Ether sold to pay expenses		730,372		(21,660)		(21,660)		(6,035)
Ether sold for the redemption of Shares		327,082,377		0		0		30,559,867
Net realized gain (loss)		327,812,749	[1]	(21,660)	[2]	(21,660)	[2]	30,553,832	[3]
Net change in unrealized appreciation/depreciation		3,236,696,155		(138,509,122)		(137,918,827)		2,362,366,710
Net realized and unrealized gain (loss)		3,564,508,904		(138,530,782)		(137,940,487)		2,392,920,542
Net increase (decrease) in net assets resulting from operations		$ 3,556,795,972		$ (138,702,639)		$ (138,112,764)		$ 2,382,830,211
Net increase (decrease) in net assets per Share (in dollars per share)	[4]	$ 8.59		$ (4.67)		$ (6.69)		$ 9.4

[1] Includes $352,587,218 of realized gains and $(24,774,469) of realized losses.

[2] Includes $82 of realized gains and $(21,742) of realized losses.

[3] Includes $353,831,422 of realized gains and $(323,277,590) of realized losses.

[4] Net increase (decrease) in net assets per Share based on average shares outstanding during the period.