The Initial Distribution from the Grayscale Ethereum Trust ETF	6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]
The Initial Distribution from the Grayscale Ethereum Trust ETF	4. The Initial Distribution from the Grayscale Ethereum Trust ETF On July 8, 2024, the Sponsor of the Trust at the direction of its board of directors declared a pro rata distribution on the Shares of the Trust, pursuant to which each holder of Grayscale Ethereum Trust ETF (“ETHE”) shares as of 4:00 PM ET on July 18, 2024 (the “Record Date”) was entitled to receive Shares of the Trust, in connection with its previously announced initial creation and distribution of Shares of the Trust (such transactions collectively, the “Initial Distribution”). On July 23, 2024, ETHE completed its previously announced pro rata distribution of 31,015,850 Shares of the Trust (retroactively adjusted to reflect the 1-for-10 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024) to the shareholders of ETHE as of the Record Date and contributed to the Trust an amount of Ether equal to approximately 10% of the total Ether held by ETHE as of the Record Date, equal to 292,262.98913350 Ether, with a value of $1,010,934,757, as consideration and in exchange for the issuance of 31,015,850 Shares of the Trust at $32.59 per Share (retroactively adjusted to reflect the 1-for-10 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024).

The Initial Distribution from the Grayscale Ethereum Trust ETF

6 Months Ended

Jun. 30, 2025

The Initial Distribution from the Grayscale Ethereum Trust ETF

4. The Initial Distribution from the Grayscale Ethereum Trust ETF

On July 8, 2024, the Sponsor of the Trust at the direction of its board of directors declared a pro rata distribution on the Shares of the Trust, pursuant to which each holder of Grayscale Ethereum Trust ETF (“ETHE”) shares as of 4:00 PM ET on July 18, 2024 (the “Record Date”) was entitled to receive Shares of the Trust, in connection with its previously announced initial creation and distribution of Shares of the Trust (such transactions collectively, the “Initial Distribution”).

On July 23, 2024, ETHE completed its previously announced pro rata distribution of 31,015,850 Shares of the Trust (retroactively adjusted to reflect the 1-for-10 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024) to the shareholders of ETHE as of the Record Date and contributed to the Trust an amount of Ether equal to approximately 10% of the total Ether held by ETHE as of the Record Date, equal to 292,262.98913350 Ether, with a value of $1,010,934,757, as consideration and in exchange for the issuance of 31,015,850 Shares of the Trust at $32.59 per Share (retroactively adjusted to reflect the 1-for-10 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024).