Creations and Redemptions of Shares (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Summary of Activity in Value of Shares Issued and Redeemed

	Three Months Ended June 30, 2025			Six Months Ended June 30, 2025
Activity in Number of Shares Issued and Redeemed:
Shares issued		8,380,000			11,260,000
Shares redeemed		(690,000	)		(5,090,000	)
Net Change in Number of Shares Issued and Redeemed		7,690,000			6,170,000

(Amounts in thousands)	Three Months Ended June 30, 2025			Six Months Ended June 30, 2025
Activity in Value of Shares Issued and Redeemed:
Shares issued	$	182,637		$	265,463
Shares redeemed		(14,976	)		(119,392	)
Net Change in Value of Shares Issued and Redeemed	$	167,661		$	146,071

Summary of Receivable and Payable of Related Party

Ether receivable represents the value of Ether covered by contractually binding orders for the creation of Shares where the Ether has not yet been transferred to the Trust’s account. Generally, ownership of the Ether is transferred within no more than two business days of the trade date.

	As of June 30,
(Amounts in thousands)	2025
Ether receivable	$	-

Ether payable represents the value of Ether covered by contractually binding orders for the redemption of Shares where the Ether has not yet been transferred out of the Trust’s account. Generally, ownership of the Ether is transferred within no more than two business days of the trade date.

	As of June 30,
(Amounts in thousands)	2025
Ether payable	$	-