TETH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• The Trust’s investment objective is to seek to track the performance of ether, as measured by the performance of the Pricing Benchmark, adjusted for the Trust’s expenses and other liabilities, and to reflect rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole d…

• In consideration for the Sponsor’s facilitation of staking, the Trust also pays 25% of the staking rewards generated by the Trust’s Staking Activities to the Sponsor (“Staking Fee”) and retains the remainder. The Staking Fee is accrued in ether and is payable in ether weekly in arrears.

• Net increase in net assets resulting from operations for the three months ended June 30, 2025 was $6,457,692. This was the result of a change in unrealized appreciation on investment in ether of $6,469,118, a net realized loss of $(1,843) on the sale of ether for purposes of distributing to the Spon…

• Net decrease in net assets resulting from operations for the six months ended June 30, 2026 was $(12,073,301), resulting from a net realized loss of $(12,768,869) from ether sold for redemptions and a net realized loss of $(21,254) from ether sold for income distributions, partially offset by a net …

• Net decrease in net assets resulting from operations for the six months ended June 30, 2025 was $3,403,318. This was the result of a change in unrealized appreciation on investment in ether of $88,594, a net realized loss of $(320) on the sale of ethers for purposes of distributing to the Sponsor as…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• The Trust’s investment objective is to seek to track the performance of ether, as measured by the performance of the Pricing Benchmark, adjusted for the Trust’s expenses and other liabilities, and to reflect rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole d…

• The Trust also pays 25% of the Staking Rewards to the Sponsor and retains the remainder of the Staking Rewards. The Trust incurred Staking Fee for the three ended March 31, 2026 of $15,555. The Trust had no staking operations during the three months ended March 31, 2025.

• The Trust’s NAV decreased from $16,869,879 on December 31, 2024 to $8,403,421 on March 31, 2025, a 50.17% decrease. The decrease in the Trust’s NAV resulted primarily from a 45.33% decrease in the price of ether, which fell from $3,340.57 on December 31, 2024 to $1,827.55 on March 31, 2025. The decr…

• Net decrease in net assets resulting from operations for the three months ended March 31, 2025 was $(9,861,010), resulting from a net change in unrealized depreciation on investment in ether of $(6,380,524), a net realized loss of $(3,476,102) from ether sold for redemptions, and a net investment lo…

• The Trust is not aware of any trends, demands, commitments, events, or uncertainties that are reasonably likely to result in material changes to its liquidity needs. The Trust’s only ordinary recurring expenses are the Sponsor Fee and the Staking Fee. The Sponsor agreed to waive the entire Sponsor F…