VanEck Ethereum ETF

For the period ended Dec 31, 2025. Filed Mar 30, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 30, 2026

ETHV$31.04-4.5%Stored close · as of Nov 9, 2026

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Contents

Statement of Changes in Net Assets

Statements of Changes in Net Assets

	Year Ended December 31, 2025	For the Period May 20, 2024 (Date of Seeding) to December 31, 2024
Net increase (decrease) from operations
Net investment loss	$(205,350)	$—
Net realized gain (loss) from investment in ether	508,652	(1,567,418)
Net change in unrealized appreciation (depreciation) from investments in ether	(34,062,356)	10,194,816
Net increase (decrease) in net assets resulting from operations	(33,759,054)	8,627,398
Capital Share transactions
Contributions for shares issued	172,013,836	154,153,076
Withdrawals for shares redeemed	(127,104,743)	(16,351,572)
Net increase in capital share transactions	44,909,093	137,801,504
Net increase in net assets	11,150,039	146,428,902
Net assets:
Beginning of period	146,428,902	—
End of period	$157,578,941	$146,428,902

VANECK ETHEREUM ETF

Schedules of Investment

Description	Quantity	Cost	Fair Value
Ether	53,048.87	$181,475,994	$157,608,454
Total Investment in Ether – 100.02%			157,608,454
Liabilities in Excess of Other Assets – (0.02)%			(29,513)
Net Assets – 100.00%			$157,578,941

Description	Quantity	Cost	Fair Value
Ether	43,935.83	$136,234,086	$146,428,902
Total Investment in Ether – 100.00%			146,428,902
Liabilities in Excess of Other Assets – 0.00%			—
Net Assets – 100.00%			$146,428,902

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.