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Fair Value of Ether (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value of Ether [Abstract]  
Schedule of Changes in Quality of Ether and Fair Value

The following represents the changes in quantity of ether and the respective fair value for the nine months ended September 30, 2025 and the period from May 1, 2024 (initial seed creation date) to September 30, 2024 (Unaudited):

 

   Quantity
of ether		   Fair Value 
Beginning balance as of January 1, 2025   5,050.0000   $16,869,879 
Ether purchased   20,430.9720    68,863,151 
Ether sold   (14,446.5142)   (53,408,140)
Net realized gain (loss) on investment in ether sold to pay Sponsor fee   
–
    593 
Net realized gain (loss) on investment in ether sold for redemptions   
–
    9,126,375 
Change in unrealized appreciation (depreciation) on investment in ether   
–
    4,464,507 
Ending balance as of September 30, 2025   11,034.4578   $45,916,365 

 

   Quantity of
ether		   Fair Value 
Beginning balance as of May 1, 2024 (initial seed creation date)   
–
   $
–
 
Ether purchased   4,850.0000    15,805,033 
Ether sold   
–
    
–
 
Net realized gain (loss) on investment in ether sold to pay Sponsor fee   
–
    
–
 
Net realized gain (loss) on investment in ether sold for redemptions   
–
    
–
 
Change in unrealized appreciation (depreciation) on investment in ether   
–
    (3,222,047)
Ending balance as of September 30, 2024   4,850.0000   $12,582,986 

The following represents the changes in quantity of ether and the respective fair value for the three months ended September 30, 2025 and 2024 (Unaudited):

 

   Quantity
of ether		   Fair Value 
Beginning balance as of July 1, 2025   9,142.2874   $23,004,189 
Ether purchased   13,283.5236    53,651,474 
Ether sold   (11,391.3532)   (47,718,601)
Net realized gain (loss) on investment in ether sold to pay Sponsor fee   
–
    913 
Net realized gain (loss) on investment in ether sold for redemptions   
–
    12,602,477 
Change in unrealized appreciation (depreciation) on investment in ether   
–
    4,375,913 
Ending balance as of September 30, 2025   11,034.4578   $45,916,365 

 

   Quantity
of ether		   Fair Value 
Beginning balance as of July 1, 2024   100.0000   $342,300 
Ether purchased   4,750.0000    15,464,294 
Ether sold   
–
    
–
 
Net realized gain (loss) on investment in ether sold to pay Sponsor fee   
–
    
–
 
Net realized gain (loss) on investment in ether sold for redemptions   
–
    
–
 
Change in unrealized appreciation (depreciation) on investment in ether   
–
    (3,223,608)
Ending balance as of September 30, 2024   4,850.0000   $12,582,986