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Fair Value of Ether - Schedule of Changes in Quantity of Ether and Fair Value (Details)
$ in Thousands
5 Months Ended
Dec. 31, 2024
USD ($)
Ether
Fair Value Disclosures [Abstract]  
Beginning balance as of July 22, 2024 (commencement of operations) | Ether 0
Purchases | Ether 136,813.5326
Sales for the redemption of Shares | Ether (15,711.6744)
Ending balance as of December 31, 2024 | Ether 121,101.8582
Beginning balance as of July 22, 2024 (commencement of operations) $ 0
Purchases 453,518
Sales for the redemption of Shares (49,804)
Net realized gain (loss) on investment in ether sold for redemptions (9,412) [1],[2]
Change in unrealized appreciation (depreciation) on investment in ether 10,227 [1],[2]
Ending balance as of December 31, 2024 $ 404,529 [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.