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Statement of Changes in Net Assets
$ in Thousands
2 Months Ended
Sep. 30, 2024
USD ($)
shares
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]  
Net investment loss $ 0 [1]
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee 0 [1],[2]
Net realized gain (loss) on investment in ether sold for redemptions (1,116) [1]
Net change in unrealized appreciation (depreciation) (68,271) [1],[2]
Net increase (decrease) in net assets resulting from operations (69,387) [3]
Increase (decrease) in net assets from capital share transactions  
Creations for Shares issued 331,371 [3]
Redemptions for Shares redeemed (2,133) [3]
Net increase (decrease) in net assets resulting from capital share transactions 329,238 [3]
Total increase (decrease) in net assets from operations and capital share transactions 259,851 [3],[4]
Net assets  
Beginning of period 0 [3],[4]
End of period $ 259,851 [3],[5]
Increase (Decrease) in Partners' Capital [Roll Forward]  
Shares issued | shares 14,090,000 [3]
Shares redeemed | shares (130,000) [3]
Net increase (decrease) in Shares issued and outstanding | shares 13,960,000 [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 financial statements have been provided as the Trust’s operations commenced on July 22, 2024.
[4] On May 28, 2024, Bitwise Asset Management, Inc. ("BAM"), the parent company of the Sponsor, purchased 8 Shares at a per-share price of $25.00 for $200.00. in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act (the “Seed Shares”). Delivery of the Seed Shares was made on May 28, 2024. Prior to the commencement of operations on July 22, 2024, BAM redeemed the entirety of its 8 Seed Shares for $200.00. Additionally, on July 22, 2024, Bitwise Investment Manager, LLC (“BIM”), an affiliate of the Sponsor, purchased the initial 100,000 Shares of the Trust (the “Seed Baskets”) for $2,500,000, at a per-share price of $25.00.
[5] No comparative period presented as the Trust commenced operations on July 22, 2024.