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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 6 Months Ended
Jun. 30, 2025
USD ($)
Ether
Dec. 31, 2024
USD ($)
Ether
Jun. 30, 2025
USD ($)
Ether
Fair Value Disclosures [Abstract]      
Beginning balance | Ether   0 121,101.8582
Purchases | Ether   136,813.5326 28,466.2256
Sales for the redemption of Shares | Ether   (15,711.6744) (42,608.0846)
Ether transferred for Sponsor Fee | Ether     (70.995)
Ending balance | Ether 106,889.0042 121,101.8582 106,889.0042
Beginning balance   $ 0 $ 404,529
Purchases   453,518 70,334
Sales for the redemption of Shares   (49,804) (117,897)
Ether transferred for Sponsor Fee     (155)
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee     11
Net realized gain (loss) on investment in ether sold for redemptions $ (16,707) [1] (9,412) (30,348) [1]
Change in unrealized appreciation (depreciation) on investment in ether 78,679 [1] 10,227 (57,517) [1]
Ending balance $ 268,957 $ 404,529 $ 268,957
[1] No comparative financial statements have been provided as the Trust’s operations commenced on July 22, 2024.