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v3.25.1

Fair Value of Ether - Schedule of Changes in Quantity of Ether and Fair Value (Details) $ in Thousands | 3 Months Ended | 5 Months Ended
--- | --- | ---
Mar. 31, 2025 USD ($) Ether | Dec. 31, 2024 USD ($) Ether
Fair Value Disclosures [Abstract] |  |  |
Beginning balance | Ether | 121,101.8582 |  | 0
Purchases | Ether | 7,173.6589 |  | 136,813.5326
Sales for the redemption of Shares | Ether | (33,142.6922) |  | (15,711.6744)
Ether transferred for Sponsor Fee | Ether | (24.3984) |  |
Ending balance | Ether | 95,108.4265 |  | 121,101.8582
Beginning balance | $ 404,529 |  | $ 0
Purchases | 20,853 |  | 453,518
Sales for the redemption of Shares | (101,693) |  | (49,804)
Ether transferred for Sponsor Fee | (60) |  |
Net realized gain (loss) on investment in ether transferred to pay Sponsor Fee | 2 |  |
Net realized gain (loss) on investment in ether sold for redemptions | (13,641) | [1] | (9,412)
Change in unrealized appreciation (depreciation) on investment in ether | (136,196) | [1],[2] | 10,227
Ending balance | $ 173,794 |  | $ 404,529
[1] | No comparative financial statements have been provided as the Trust’s operations commenced on July 22, 2024.
[2] | No comparative financial statements have been provided as the Trust’s operations commenced on July 22, 2024

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