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Investments in Ether (Tables)
 12 Months Ended
Dec. 31, 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 year ended December 31, 2025 and the period ended December 31, 2024.

 

 

Fair Value

 

 Opening Balance as of December 31, 2024

 

$

23,569,250

 

 Purchases at Cost

 

 

38,907,990

 

 Proceeds from Sales to Pay Sponsor Fee

 

 

(65,393

)

 Proceeds from Ether sold for Redemptions

 

 

(34,815,043

)

 Change in Unrealized Appreciation (Depreciation)

 

 

(340,579

)

 Net Realized Gain (Loss) on Investments in Ether Sold to pay Sponsor Fee

 

 

(11,077

)

 Net Realized Gain (Loss) on Investments in Ether Sold for Redemptions

 

 

(1,391,403

)

 Ending Balance as of December 31, 2025

 

$

25,853,745

 

 

 

 

 

 

 

Fair Value

 

 Opening Balance as of June 17, 2024

 

$

—

 

 Purchases at Cost

 

 

30,217,342

 

 Proceeds from Sales to Pay Sponsor Fee

 

 

(16,462

)

 Proceeds from Ether sold for Redemptions

 

 

(10,748,206

)

 Change in Unrealized Appreciation (Depreciation)

 

 

3,722,365

 

 Net Realized Gain (Loss) on Investments in Ether Sold to pay Sponsor Fee

 

 

(3,977

)

 Net Realized Gain (Loss) on Investments in Ether Sold for Redemptions

 

 

398,188

 

 Ending Balance as of December 31, 2024

 

$

23,569,250