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v3.25.3

Investments in Ether (Tables) | 9 Months Ended
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Sep. 30, 2025
Schedule of Investments [Abstract] |
Summary of Transactions and Earnings from Investments in Ether | The following is a summary of the transactions in, and earnings from, investments in ether for the three and nine months ended September 30, 2025.
|  | Fair Value |
Opening Balance as of 06/30/2025 |  | $ | 22,654,462 |
Purchases at Cost |  |  | 26,960,641 |
Proceeds from Sales to Pay Sponsor Fee |  |  | (19,041 | )
Proceeds from ether sold for Redemptions |  |  | (24,756,333 | )
Change in Unrealized Appreciation (Depreciation) |  |  | 13,721,224 |
Net Realized (Gain) Loss from Investments in Ether Sold to pay Sponsor Fee |  |  | (1,438 | )
Net Realized (Gain) Loss from Investments in Ether Sold for Redemptions |  |  | 437,856 |
Ending Balance as of 09/30/2025 |  | $ | 38,997,371 |
|  | Fair Value |
Opening Balance as of 12/31/2024 |  | $ | 23,569,250 |
Purchases at Cost |  |  | 33,385,860 |
Proceeds from Sales to Pay Sponsor Fee |  |  | (44,355 | )
Proceeds from ether sold for Redemptions |  |  | (26,207,244 | )
Change in Unrealized Appreciation (Depreciation) |  |  | 8,719,299 |
Net Realized (Gain) Loss from Investments in Ether Sold to pay Sponsor Fee |  |  | (9,240 | )
Net Realized (Gain) Loss from Investments in Ether Sold for Redemptions |  |  | (416,199 | )
Ending Balance as of 09/30/2025 |  | $ | 38,997,371 |
The following is a summary of the transactions in, and earnings from, investments in ether for the three months ended September 30, 2024 and the period June 17, 2024 to September 30, 2024.
|  | Fair Value |
Opening Balance as of 06/30/2024 |  | $ | — |
Purchases at Cost |  |  | 23,895,889 |
Proceeds from Sales to Pay Sponsor Fee |  |  | (3,378 | )
Proceeds from ether sold for Redemptions |  |  | — |
Change in Unrealized Appreciation (Depreciation) |  |  | (3,514,876 | )
Net Realized (Gain) Loss from Investments in Ether Sold to pay Sponsor Fee |  |  | (1,455 | )
Net Realized (Gain) Loss from Investments in Ether Sold for Redemptions |  |  | — |
Ending Balance as of 09/30/2024 |  | $ | 20,376,180 |
|  | Fair Value |
Opening Balance as of 06/17/2024 |  | $ | — |
Purchases at Cost |  |  | 23,895,889 |
Proceeds from Sales to Pay Sponsor Fee |  |  | (3,378 | )
Proceeds from ether sold for Redemptions |  |  | — |
Change in Unrealized Appreciation (Depreciation) |  |  | (3,514,876 | )
Net Realized (Gain) Loss from Investments in Ether Sold to pay Sponsor Fee |  |  | (1,455 | )
Net Realized (Gain) Loss from Investments in Ether Sold for Redemptions |  |  | — |
Ending Balance as of 09/30/2024 |  | $ | 20,376,180 |

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