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Fair Value of Ether - Schedule of Changes in Quantity of Ether and Fair Value (Details)
$ in Thousands
2 Months Ended
Sep. 30, 2024
USD ($)
Ether
Fair Value Disclosures [Abstract]  
Beginning balance as of July 22, 2024 (commencement of operations) | Ether 0
Purchases | Ether 101,085.6138
Sales for the redemption of Shares | Ether (932.6567)
Ending balance as of September 30, 2024 | Ether 100,152.9571
Beginning balance as of July 22, 2024 (commencement of operations) $ 0
Purchases 331,371
Sales for the redemption of Shares (2,133)
Net realized gain (loss) on investment in ether sold for redemptions (1,116) [1]
Change in unrealized appreciation (depreciation) on investment in ether (68,271) [1],[2]
Ending balance as of September 30, 2024 $ 259,851 [3]
[1] No comparative financial statements have been provided as the Trust’s operations commenced on July 22, 2024.
[2] No comparative financial statements have been provided as the Trust’s operations commenced on July 22, 2024
[3] No comparative period presented as the Trust commenced operations on July 22, 2024.