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Statements of Financial Condition - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Assets    
Investments in Ether, at value (cost $26,555,707 and $19,846,885, respectively) $ 38,997,371 $ 23,569,250
Total Assets 38,997,371 23,569,250
Liabilities    
Accrued Sponsor's fee 7,512 5,997
Total Liabilities 7,512 5,997
Commitments and Contingencies (Note 9)
Net Assets 38,989,859 23,563,253
Net assets consist of:    
Paid-in-capital 26,647,753 19,469,136
Distributable earnings (loss) $ 12,342,106 $ 4,094,117
Shares outstanding 943,000 708,000
Net asset value per share $ 41.35 $ 33.28
Market value per share $ 41.48 $ 33.39