Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The following tables show the Trust’s quarterly financial information for 2025 and 2024.
Three Months Ended (Unaudited)
March 31,
2025
June 30,
2025
September 30,
2025
December 31,
2025
Expenses
Sponsor’s fees
$
2,038,502
$
1,882,114
$
7,917,727
$
8,320,759
Sponsor’s fees waived
(791,853
)
(751,364
)
(204,795
)
—
Total expenses
1,246,649
1,130,750
7,712,932
8,320,759
Net investment loss
(1,246,649
)
(1,130,750
)
(7,712,932
)
(8,320,759
)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Ether sold to pay expenses
(313,171
)
(423,236
)
730,372
141,488
Ether sold for the redemption of Shares
(203,341,675
)
(93,180,835
)
327,082,377
(226,337,312
)
Ether paid for the in-kind redemptions of Shares
—
—
—
161,331,841
Net realized gain (loss)
(203,654,846
)
(93,604,071
)
327,812,749
(64,863,983
)
Net change in unrealized appreciation/depreciation on investment in ether
(1,728,580,085
)
854,250,640
3,236,696,155
(4,625,138,477
)
Net realized and unrealized gain (loss)
(1,932,234,931
)
760,646,569
3,564,508,904
(4,690,002,460
)
Net increase (decrease) in net assets resulting from operations
$
(1,933,481,580
)
$
759,515,819
$
3,556,795,972
$
(4,698,323,219
)
Net increase (decrease) in net assets per Share
$
(11.84
)
$
4.22
$
8.59
$
(9.36
)
Three Months Ended (Unaudited)
June 30,
2024 (a)
September 30,
2024
December 31,
2024
Expenses
Sponsor’s fees
$
420
$
358,491
$
1,284,940
Sponsor’s fees waived
—
(186,634
)
(568,231
)
Total expenses
420
171,857
716,709
Net investment loss
(420
)
(171,857
)
(716,709
)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Ether sold to pay expenses
—
(21,660
)
(410
)
Ether sold for the redemption of Shares
—
—
7,562,357
Net realized gain (loss)
—
(21,660
)
7,561,947
Net change in unrealized appreciation/depreciation on investment in ether
590,295
(138,509,122
)
165,686,329
Net realized and unrealized gain (loss)
590,295
(138,530,782
)
173,248,276
Net increase (decrease) in net assets resulting from operations
$
589,875
$
(138,702,639
)
$
172,531,567
Net increase (decrease) in net assets per Share
$
1.47
$
(4.67
)
$
2.05
(a)
Period from May 21, 2024 (Date of Seeding) to June 30, 2024.
See Index to Financial Statements on page F-1 for a list of the financial statements being filed herein.
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Table of Contents
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no changes in accountants and no disagreements with accountants during the year ended December 31, 2025.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.