Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$ (110,559)	$ (149,928)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of ether	(101,275)	(20,853)
Proceeds from ether sold	111,251	101,693
Transfer of ether to pay Sponsor Fee	162	60
Net realized (gain) loss from investment in ether transferred to pay Sponsor Fee	(54)	(2)
Net realized (gain) loss on In-Kind Redemptions of ether	(868)	0
Net realized (gain) loss from investment in ether sold for redemptions	38,498	13,641
Net change in unrealized (appreciation) depreciation on investment in ether	72,844	136,196	$ (307)
Changes in operating assets and liabilities:
Increase (Decrease) in Sponsor Fee payable	(23)	32
Net cash provided by (used in) operating activities	9,976	80,839
Cash flows from financing activities
Creations for Shares issued	102,614	23,177
Redemptions for Shares redeemed	(112,590)	(104,016)
Net cash provided by (used in) financing activities	(9,976)	(80,839)
Net increase (decrease) in cash	0	0
Cash, beginning of period	0	0	0
Cash, end of period	0	0	$ 0
Supplemental disclosure of noncash operating activities
In-Kind Redemptions of ether	$ 5,123	$ 0