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Fair Value of Ether - Schedule of Changes in Quantity of Ether and Fair Value (Details)
$ in Thousands
3 Months Ended 5 Months Ended
Mar. 31, 2025
USD ($)
Ether
Dec. 31, 2024
USD ($)
Ether
Fair Value Disclosures [Abstract]    
Beginning balance | Ether 121,101.8582 0
Purchases | Ether 7,173.6589 136,813.5326
Sales for the redemption of Shares | Ether (33,142.6922) (15,711.6744)
Ether transferred for Sponsor Fee | Ether (24.3984)  
Ending balance | Ether 95,108.4265 121,101.8582
Beginning balance $ 404,529 $ 0
Purchases 20,853 453,518
Sales for the redemption of Shares (101,693) (49,804)
Ether transferred for Sponsor Fee (60)  
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee 2  
Net realized gain (loss) on investment in ether sold for redemptions (13,641) [1] (9,412)
Change in unrealized appreciation (depreciation) on investment in ether (136,196) [1],[2] 10,227
Ending balance $ 173,794 $ 404,529
[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