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STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Investment income:    
Investment income [1] $ 0 $ 0
Expenses:    
Sponsor's Fee, related party [1] 406 871
Gross expenses [1] 406 871
Sponsor's Fee Waiver, related party [1] 0 (142)
Net expenses [1] 406 729
Net investment loss [1] (406) (729)
Net realized and unrealized gain (loss) from:    
Net realized loss on investment in Ether sold to pay expenses [1] (188) (310)
Net realized loss on investment in Ether sold for redemption of Shares [1] (6,067) (41,260)
Net change in unrealized depreciation on investment in Ether [1] 335,217 (346,430)
Net realized and unrealized gain (loss) on investment [1] 328,962 (388,000)
Net increase (decrease) in net assets resulting from operations [1] $ 328,556 $ (388,729)
[1] No comparative financial statements have been provided as the Trust’s operations commenced on July 23, 2024. Prior to the commencement of operations on July 23, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.