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STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2025
Increase (decrease) in net assets from operations:      
Net investment loss $ 0 $ (406) [1] $ (729) [1]
Net realized loss on investment in Ether sold to pay expenses 0 (188) (310)
Net realized loss on investment in Ether sold for redemption of Shares 0 (6,067) (41,260)
Net change in unrealized depreciation on investment in Ether 0 335,217 [1] (346,430) [1]
Net increase (decrease) in net assets resulting from operations 0 328,556 (388,729)
Increase in net assets from capital share transactions:      
Shares issued 100,000 182,637 265,463
Shares redeemed 0 (14,976) (119,392)
Net decrease in net assets resulting from capital share transactions 100,000 167,661 146,071
Total increase (decrease) in net assets from operations and capital share transactions 100,000 496,217 (242,658)
Net assets:      
Beginning of period   834,039 1,572,914
End of period $ 100,000 $ 1,330,256 $ 1,330,256
Change in Shares outstanding:      
Shares outstanding at beginning of period 0 48,450,788 49,970,788
Shares issued 10,000 8,380,000 11,260,000
Shares redeemed 0 (690,000) (5,090,000)
Net increase in Shares 10,000 7,690,000 6,170,000
Shares outstanding at end of period 10,000 56,140,788 56,140,788
[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.