ETHW — what changed in the latest 10-Q
A section-by-section comparison of ETHW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −2 | ~13 | 21 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +3 | −2 | ~1 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
By comparison, during the three months ended June 30, 2025, the Trust's net assets increased from $173,762 on March 31, 2025 to $268,915 on June 30, 2025. The increase in the Trust's net assets resulted primarily from additions of approximately 21,293 ether with a value of $49,482 in connection with…
During the six months ended June 30, 2026, the Trust's net assets decreased from $343,685 on December 31, 2025 to $168,466 on June 30, 2026. The decrease in the Trust's net assets resulted primarily from dispositions of approximately (118) ether to pay the Sponsor Fee, and approximately (54,117) eth…
Net realized and change in unrealized loss on investment in ether for the six months ended June 30, 2026 was $(165,117), which included a realized gain of $78 on the transfer of ether to pay the Sponsor Fee, a realized loss of $(45,336) on the sale of ether to meet redemptions, a realized gain of $8…
By comparison, during the six months ended June 30, 2025, the Trust's net assets decreased from $404,529 on December 31, 2024 to $268,915 on June 30, 2025. The decrease in the Trust's net assets resulted primarily from dispositions of approximately (42,608) ether with a value of $(117,896) in connec…
During the six months ended June 30, 2025, net realized and change in unrealized loss on investment in ether was $(87,854), which included a realized gain of $11 on the transfer of ether to pay the Sponsor Fee, a realized loss of $(30,348) on the sale of ether to meet redemptions, and a change in un…
Text removed vs the prior filing · source: 10-Q · 2026-05-06
By comparison, during the three months ended March 31, 2025, the Trust's net assets decreased from $404,529 on December 31, 2024 to $173,762 on March 31, 2025. The decrease in the Trust's net assets resulted primarily from dispositions of approximately (24) ether to pay the Sponsor Fee, and approxim…
Second, Lukka, Inc. sorts these Digital Asset Markets from high to low by market-based volume and level of activity of ether traded on each Digital Asset Market. For the three months ended March 31, 2026, this sort was performed for Digital Asset Markets for the period mid-February through mid-March…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-07
The Trust maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms,
and that such information is accumulated and communicated to the Principal Executive Officer and Principal Financial and Accounting Officer of the Sponsor performing functions equivalent to those a principal executive officer and principal financial and accounting officer of the Trust would perform …
Under the supervision and with the participation of the Principal Executive Officer and the Principal Financial and Accounting Officer of the Sponsor, the Sponsor evaluated the effectiveness of the design and operation of the Trust's disclosure controls and procedures, as defined under Exchange Act …
Text removed vs the prior filing · source: 10-Q · 2026-05-06
The Trust maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms, and that such information is accumula…
Under the supervision and with the participation of the Principal Executive Officer and the Principal Financial and Accounting Officer of the Sponsor, the Sponsor evaluated the effectiveness of the design and operation of the Trust's disclosure controls and procedures, as defined under Exchange Act …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice