Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Summary of Trust's Assets Accounted at Fair Value

The following summarizes the Trust’s assets accounted for at fair value at March 31, 2026 (amounts in thousands):

	Level 1		Level 2		Level 3		Total
Assets
Investment in ether, at fair value	$	219,266	$	—	$	—	$	219,266

The following summarizes the Trust’s assets accounted for at fair value at December 31, 2025 (amounts in thousands):

	Level 1		Level 2		Level 3		Total
Assets
Investment in ether, at fair value	$	343,746	$	—	$	—	$	343,746