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Statement of Changes in Net Assets
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
shares
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]  
Net investment loss $ (93) [1]
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee 2 [1],[2]
Net realized gain (loss) on investment in ether sold for redemptions (13,641) [1]
Net change in unrealized appreciation (depreciation) (136,196) [1],[2]
Net increase (decrease) in net assets resulting from operations (149,928) [3]
Increase (decrease) in net assets from capital share transactions  
Creations for Shares issued 23,177 [3]
Redemptions for Shares redeemed (104,016) [3]
Net increase (decrease) in net assets resulting from capital share transactions (80,839) [3]
Total increase (decrease) in net assets from operations and capital share transactions (230,767) [3]
Net assets  
Beginning of period 404,529 [3]
End of period $ 173,762 [3]
Increase (Decrease) in Partners' Capital [Roll Forward]  
Shares issued | shares 1,100,000 [3]
Shares redeemed | shares (4,720,000) [3]
Net increase (decrease) in Shares issued and outstanding | shares (3,620,000) [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.