4 unchanged sentences
There has been no change in internal control over financial reporting (as defined in the Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during the Trust’s quarter ended December 31, 2025 that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
−Removed: Exemption from Management's Annual Report and Auditor Attestation on Internal Controls
−Removed: This annual report does not include a report of management's assessment regarding internal control over financial reporting or an attestation report of the company's registered public accounting firm due to a transition period established by rules of the Securities and Exchange Commission for newly public companies.
+Added: Management's Annual Report on Internal Controls
+Added: Management of the Sponsor is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rules 13a-15(f) and 15d-15(f) of the Exchange Act, for the Trust.
+Added: Brian Hartigan, the Principal Executive Officer of the Sponsor, and Kelli Gallegos, the Principal Financial and Accounting Officer, Investment Pools, assessed the effectiveness of the Trust's internal control over financial reporting as of December 31, 2025.
+Added: Their report in connection with their assessment may be found in the "Report of Management on Internal Control Over Financial Reporting" on page 46 of this Annual Report on Form 10-K.
Other Information.
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Principal Financial and Accounting Officer, Investment Pools
−Removed: Melanie Zimdars
Chief Compliance Officer
51 unchanged sentences
Krugman was listed as a principal of the Sponsor on November 12, 2020.
−Removed: Terry Vacheron CPA (59) is the Chief Accounting Officer (since April 2022) and Head of Global Tax (since November 2020) at Invesco Ltd.
+Added: Terry Gibson Vacheron CPA (60) is the Chief Accounting Officer (since April 2022) and Head of Global Tax (since November 2020) at Invesco Ltd.
In this role, she leads the company’s financial reporting, accounting, corporate tax, payroll, and SOX functions.
52 unchanged sentences
The Sponsor receives a Sponsor’s fee, which accrues daily at an annual nominal rate of 0.25% of the daily NAV of the Trust and is paid monthly in arrears.
+Added: For the year ended December 31, 2025, the Trust incurred Sponsor Fees of $64,961 of which $59,397 had been paid at December 31, 2025.
+Added: Sponsor Fees of $5,564 were unpaid at December 31, 2025 and are reported as a liability on the Statement of Financial Condition.
For the period from June 17, 2024 to December 31, 2024, the Trust incurred Sponsor Fees of $22,459 of which $16,462 had been paid at December 31, 2024.
12 unchanged sentences
Audit and Non-Audit Fees
−Removed: The following table sets forth the fees for professional services rendered by PricewaterhouseCoopers LLP (“PwC”), the Trust’s independent registered public accounting firm for the period ended December 31, 2024.
−Removed: December 31, 2024
+Added: The following table sets forth the fees for professional services rendered by PricewaterhouseCoopers LLP (“PwC”), the Trust’s independent registered public accounting firm for the year ended December 31, 2025 and period ended December 31, 2024.
Audit-Related Fees (1)
26 unchanged sentences
Insider Trading Policies and Procedures 4
+Added: Consent of PricewaterhouseCoopers LLP *
Certification by Principal Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002.
6 unchanged sentences
Interactive data file pursuant to Rule 405 of Regulation S-T:
−Removed: (i) the Statement of Financial Condition of Invesco Galaxy Ethereum ETF— December 31, 2024, (ii) the Schedule of Investments of Invesco Galaxy Ethereum ETF —December 31, 2024, (iii) the Statement of Income and Expenses of Invesco Galaxy Ethereum ETF —for period June 17, 2024 to December 31, 2024, (iv) the Statement of Changes in Shareholders’ Equity of Invesco Galaxy Ethereum ETF — for period June 17, 2024 to December 31, 2024, (v) the Statement of Cash Flows of Invesco Galaxy Ethereum ETF — for period June 17, 2024 to December 31, 2024, and (vi) Notes to Financial Statements of Invesco Galaxy Ethereum ETF.
+Added: (i) the Statements of Financial Condition of Invesco Galaxy Ethereum ETF— December 31, 2025 and December 31, 2024, (ii) the Schedule of Investments of Invesco Galaxy Ethereum ETF —December 31, 2025, (iii) the Schedule of Investments of Invesco Galaxy Ethereum ETF —December 31, 2024, (iv) the Statements of Income and Expenses of Invesco Galaxy Ethereum ETF —for the Year Ended December 31, 2025 and the period June 17, 2024 to December 31, 2024, (v) the Statement of Changes in Shareholders’ Equity of Invesco Galaxy Ethereum ETF — for year ended December 31, 2025, (vi) the Statement of Changes in Shareholders’ Equity of Invesco Galaxy Ethereum ETF — for the period June 17, 2024 to December 31, 2024, (vii) the Statements of Cash Flows of Invesco Galaxy Ethereum ETF — for the year ended December 31, 2025 and the period June 17, 2024 to December 31, 2024, and (viii) Notes to Financial Statements of Invesco Galaxy Ethereum ETF.
Inline XBRL Instance Document – The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document
5 unchanged sentences
3 Previously filed as an exhibit to the Registration Statement on Form S-1 filed June 21, 2024, and incorporated herein by reference.
−Removed: 4 Previously filed as an exhibit to the Registration Statement on Form S-1 filed July 9, 2024, and incorporated herein by reference.
+Added: 4 Previously filed as an exhibit to Form 10-K on February 28, 2025 and incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
18 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.