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Statement of Changes in Net Assets - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]    
Net investment loss [1] $ (105) $ (198)
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee [1] 9 11
Net realized gain (loss) on investment in ether sold for redemptions [1] (16,707) (30,348)
Net change in unrealized appreciation (depreciation) on investment in ether [1] 78,679 (57,517)
Net increase (decrease) in net assets resulting from operations [2] 61,876 (88,052)
Increase (decrease) in net assets from capital share transactions    
Creations for Shares issued [2] 49,485 72,662
Redemptions for Shares redeemed [2] (16,208) (120,224)
Net increase (decrease) in net assets resulting from capital share transactions [2] 33,277 (47,562)
Total increase (decrease) in net assets from operations and capital share transactions [2] 95,153 (135,614)
Net assets    
Beginning of period [2] 173,762 404,529
End of period [2] $ 268,915 $ 268,915
Increase (Decrease) in Partners' Capital [Roll Forward]    
Shares issued [2] 2,970,000 4,070,000
Shares redeemed [2] (1,320,000) (6,040,000)
Net increase (decrease) in Shares issued and outstanding [2] 1,650,000 (1,970,000)
[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.