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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Expenses    
Sponsor’s fee $ 4,969,537 $ 2,038,502
Sponsor’s fee waived 0 (791,853)
Total expenses 4,969,537 1,246,649
Net investment loss (4,969,537) (1,246,649)
Net Realized and Unrealized Loss    
Ether sold to pay expenses (3,289,963) (313,171)
Ether sold for the redemption of Shares (928,738,671) [1] (203,341,675)
Net realized loss (932,028,634) [2] (203,654,846) [3]
Net change in unrealized appreciation/depreciation (2,059,492,330) (1,728,580,085)
Net realized and unrealized loss (2,991,520,964) (1,932,234,931)
Net decrease in net assets resulting from operations $ (2,996,490,501) $ (1,933,481,580)
Net decrease in net assets per Share (in dollars per share) [4] $ (6.87) $ (11.84)
[1] Includes $(191,019,080) of ether paid for the in-kind redemption of Shares.
[2] Includes $41,760,600 of realized gains and $(973,789,234) of realized losses.
[3] Includes $436,231 of realized gains and $(204,091,077) of realized losses.
[4] Net decrease in net assets per Share based on average shares outstanding during the period.