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Financial Highlights (Tables)
 3 Months Ended
Mar. 31, 2025
Investment Company, Financial Highlights [Abstract]  
Summary of Per Share Performance

Per-Share Performance (for a Share outstanding throughout the period presented)

 

 

 

Three months ended March 31, 2025

 

 

Principal Market NAV per-share, beginning of period

 

$

23.96

 

 

Net investment loss 1

 

 

(0.01

)

 

Net realized and change in unrealized on investment in ether 2

 

 

(10.85

)

 

Net change in net assets from operations

 

 

(10.86

)

 

Principal Market NAV per-share, end of period

 

$

13.10

 

 

 

 

 

 

 

Total return, at net asset value 2

 

 

(45.33

)

%

 

 

 

 

 

Ratios to average net assets 3

 

 

 

 

Net investment loss

 

 

(0.14

)

%

Gross expenses

 

 

0.20

 

%

Net expenses

 

 

0.14

 

%

 

* No comparative financial highlights have been presented as the Trust's operations commenced on July 22, 2024.

1.
Calculated using average Shares outstanding.
2.
Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of share transactions from the Trust. Total return for the period is not annualized.
3.
Annualized.