Invesco Galaxy Ethereum ETF
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Unaudited Financial Statements
ITEM 1. FINANCIAL STATEMENTS.
Statement of Financial Condition
| September 30, | |
|---|---|
| Assets | |
| Investments in Ether, at value (cost $23,891,056 as of September 30, 2024) | $20,376,180 |
| Total Assets | $20,376,180 |
| Liabilities | |
| Payable for: | |
| Accrued Sponsor’s fee | $2,597 |
| Total Liabilities | 2,597 |
| Commitments and Contingencies (Note 9) | |
| Net Assets | $20,373,583 |
| Net assets consist of: | |
| Paid-in-capital | $23,895,890 |
| Distributable earnings (loss) | (3,522,307) |
| $20,373,583 | |
| Shares outstanding | 783,000 |
| Net asset value per share | $26.02 |
| Market value per share | $25.94 |
Schedule of Investments
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Ether | 7,827 | $23,891,056 | $20,376,180 | 100.01% | ||
| Total Investments | 7,827 | $23,891,056 | $20,376,180 | 100.01% | ||
| Other Assets Less Liabilities | $(2,597) | (0.01)% | ||||
| Net assets | $20,373,583 | 100.00% | ||||
Statement of Income and Expenses
For the Three Months Ended September 30, 2024 and Period June 17, 2024 to September 30, 2024
| Three Months Ended | For the Period June 17, 2024 to | |
|---|---|---|
| September 30, 2024 | September 30, 2024 | |
| Income | ||
| Total Income | — | — |
| Expenses | ||
| Sponsor’s fee | 5,976 | 5,976 |
| Total Expenses | 5,976 | 5,976 |
| Less: Waivers | — | — |
| Net Expense | 5,976 | 5,976 |
| Net Investment Income (Loss) | (5,976) | (5,976) |
| Net Realized and Net Change in Unrealized Gain (Loss) | ||
| Net Realized Gain (Loss) from Investments in Ether Sold to Pay Sponsor Fee | (1,455) | (1,455) |
| Net Change in Unrealized Gain (Loss) from Investments in Ether | (3,514,876) | (3,514,876) |
| Net Realized and Net Change in Unrealized Gain (Loss) from Investments in Ether | (3,516,331) | (3,516,331) |
| Net Income (Loss) | $(3,522,307) | $(3,522,307) |
Statement of Changes in Shareholder’s Equity
For the Three Months Ended September 30, 2024
| Shares · Total | |||||
|---|---|---|---|---|---|
| Shares · TotalEquity · Shareholders'Equity | |||||
| Balance at June 30, 2024 | 4,000 | $100,000 | $100,000 | ||
| Purchases of Shares | 783,000 | 23,895,890 | 23,895,890 | ||
| Redemption of Shares | (4,000) | (100,000) | (100,000) | ||
| Net Increase (Decrease) due to Share Transactions | 779,000 | 23,795,890 | 23,795,890 | ||
| Net Income (Loss) | |||||
| Net Investment Income (Loss) | (5,976) | (5,976) | |||
| Net Realized Gain (Loss) from Investments in Ether Sold to Pay Sponsor Fee | (1,455) | (1,455) | |||
| Net Change in Unrealized Gain (Loss) from Investments in Ether | (3,514,876) | (3,514,876) | |||
| Net Income (Loss) | (3,522,307) | (3,522,307) | |||
| Net Change in Shareholders' Equity | 779,000 | 20,273,583 | 20,273,583 | ||
| Balance at September 30, 2024 | 783,000 | $20,373,583 | $20,373,583 | ||
Statement of Changes in Shareholder’s Equity
For the Period June 17, 2024 to September 30, 2024
| Shares · Total | |||||
|---|---|---|---|---|---|
| Shares · TotalEquity · Shareholders'Equity | |||||
| Balance at June 17, 2024 | — | $— | $— | ||
| Purchases of Shares | 787,000 | 23,995,890 | 23,995,890 | ||
| Redemption of Shares | (4,000) | (100,000) | (100,000) | ||
| Net Increase (Decrease) due to Share Transactions | 783,000 | 23,895,890 | 23,895,890 | ||
| Net Income (Loss) | |||||
| Net Investment Income (Loss) | (5,976) | (5,976) | |||
| Net Realized Gain (Loss) from Investments in Ether Sold to Pay Sponsor Fee | (1,455) | (1,455) | |||
| Net Change in Unrealized Gain (Loss) from Investments in Ether | (3,514,876) | (3,514,876) | |||
| Net Income (Loss) | (3,522,307) | (3,522,307) | |||
| Net Change in Shareholders' Equity | 783,000 | 20,373,583 | 20,373,583 | ||
| Balance at September 30, 2024 | 783,000 | $20,373,583 | $20,373,583 | ||
Statement of Cash Flows
For the Period June 17, 2024 to September 30, 2024
| Cash flows from operating activities: | |
|---|---|
| Net Income (Loss) | $(3,522,307) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |
| Cost of ether purchased | (23,895,889) |
| Proceeds from ether sold to pay Sponsor Fee | 3,378 |
| Net Realized (Gain) Loss from Investments in Ether Sold to pay Sponsor Fee | 1,455 |
| Net Change in Unrealized (Gain) Loss from Investments in Ether | 3,514,876 |
| Change in operating assets and liabilities: | |
| Accrued Sponsor's fees | 2,597 |
| Net cash provided by (used in) operating activities | (23,895,890) |
| Cash flows from financing activities: | |
| Proceeds from purchases of Shares | 23,995,890 |
| Redemption of Shares | (100,000) |
| Net cash provided by (used in) financing activities | 23,895,890 |
| Net change in cash | — |
| Cash at beginning of period | — |
| Cash at end of period | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.