Invesco Galaxy Ethereum ETF
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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.
Jun 30, 2026 · Filed Aug 7, 2026
QETH$20.43-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Unaudited Financial Statements
ITEM 1. FINANCIAL STATEMENTS.
Statements of Financial Condition
June 30, 2026 and December 31, 2025
| June 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Investments in Ether, at value (cost $21,022,868 and $22,471,959, respectively) | $15,583,553 | $25,853,745 |
| Total Assets | $15,583,553 | $25,853,745 |
| Liabilities | ||
| Payable for: | ||
| Accrued Sponsor Fee | $3,378 | $5,564 |
| Total Liabilities | 3,378 | 5,564 |
| Commitments and Contingencies (Note 9) | ||
| Net Assets | $15,580,175 | $25,848,181 |
| Net assets consist of: | ||
| Paid-in-capital | $25,768,374 | $23,562,084 |
| Distributable earnings (loss) | (10,188,199) | 2,286,097 |
| $15,580,175 | $25,848,181 | |
| Shares outstanding | 983,000 | 873,000 |
| Net asset value per share | $15.85 | $29.61 |
| Market value per share | $15.70 | $29.59 |
Schedule of Investments
June 30, 2026
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Ether | 9,782 | $21,022,868 | $15,583,553 | 100.02% | ||
| Total Investments | 9,782 | $21,022,868 | $15,583,553 | 100.02% | ||
| Other Assets Less Liabilities | $(3,378) | (0.02)% | ||||
| Net assets | $15,580,175 | 100.00% | ||||
Schedule of Investments
December 31, 2025
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Ether | 8,699 | $22,471,959 | $25,853,745 | 100.02% | ||
| Total Investments | 8,699 | $22,471,959 | $25,853,745 | 100.02% | ||
| Other Assets Less Liabilities | $(5,564) | (0.02)% | ||||
| Net assets | $25,848,181 | 100.00% | ||||
Statements of Income and Expenses
For the Three and Six Months Ended June 30, 2026 and 2025
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Income | ||||
| Total Income | $— | $— | $— | $— |
| Expenses | ||||
| Sponsor Fee | 12,052 | 11,616 | 26,303 | 24,039 |
| Total Expenses | 12,052 | 11,616 | 26,303 | 24,039 |
| Net Investment Income (Loss) | (12,052) | (11,616) | (26,303) | (24,039) |
| Net Realized and Net Change in Unrealized Gain (Loss) | ||||
| Net Realized Gain (Loss) on | ||||
| Investments in Ether Sold to Pay Sponsor Fee | (3,107) | (4,952) | (6,481) | (7,802) |
| Investments in Ether Sold for Redemptions | — | — | (3,620,411) | (854,055) |
| Net Realized Gain (Loss) | (3,107) | (4,952) | (3,626,892) | (861,857) |
| Net Change in Unrealized Gain (Loss) on Investments in Ether | (4,964,793) | 5,563,533 | (8,821,101) | (5,001,925) |
| Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Ether | (4,967,900) | 5,558,581 | (12,447,993) | (5,863,782) |
| Net Income (Loss) | $(4,979,952) | $5,546,965 | $(12,474,296) | $(5,887,821) |
Statements of Changes in Shareholders’ Equity
For the Three Months Ended June 30, 2026 and 2025
| Total | |||
|---|---|---|---|
| Shares · Shareholders’Equity | |||
| Balance at March 31, 2026 | 903,000 | $18,895,981 | |
| Purchases of Shares | 80,000 | 1,664,146 | |
| Redemption of Shares | — | — | |
| Net Increase (Decrease) due to Share Transactions | 80,000 | 1,664,146 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (12,052) | ||
| Net Realized Gain (Loss) on Investments in Ether Sold for Sponsor Fee andRedemptions | (3,107) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Ether | (4,964,793) | ||
| Net Income (Loss) | (4,979,952) | ||
| Net Change in Shareholders’ Equity | 80,000 | (3,315,806) | |
| Balance at June 30, 2026 | 983,000 | $15,580,175 | |
| Total | |||
|---|---|---|---|
| Shares · Shareholders’Equity | |||
| Balance at March 31, 2025 | 753,000 | $13,734,586 | |
| Purchases of Shares | 160,000 | 3,368,191 | |
| Redemption of Shares | — | — | |
| Net Increase (Decrease) due to Share Transactions | 160,000 | 3,368,191 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (11,616) | ||
| Net Realized Gain (Loss) on Investments in Ether Sold for Sponsor Fee andRedemptions | (4,952) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Ether | 5,563,533 | ||
| Net Income (Loss) | 5,546,965 | ||
| Net Change in Shareholders’ Equity | 160,000 | 8,915,156 | |
| Balance at June 30, 2025 | 913,000 | $22,649,742 | |
Statements of Changes in Shareholders’ Equity
For the Six Months Ended June 30, 2026 and 2025
| Total | |||
|---|---|---|---|
| Shares · Shareholders’Equity | |||
| Balance at December 31, 2025 | 873,000 | $25,848,181 | |
| Purchases of Shares | 570,000 | 11,502,130 | |
| Redemption of Shares | (460,000) | (9,295,840) | |
| Net Increase (Decrease) due to Share Transactions | 110,000 | 2,206,290 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (26,303) | ||
| Net Realized Gain (Loss) on Investments in Ether Sold for Sponsor Fee andRedemptions | (3,626,892) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Ether | (8,821,101) | ||
| Net Income (Loss) | (12,474,296) | ||
| Net Change in Shareholders’ Equity | 110,000 | (10,268,006) | |
| Balance at June 30, 2026 | 983,000 | $15,580,175 | |
| Total | |||
|---|---|---|---|
| Shares · Shareholders’Equity | |||
| Balance at December 31, 2024 | 708,000 | $23,563,253 | |
| Purchases of Shares | 275,000 | 6,425,219 | |
| Redemption of Shares | (70,000) | (1,450,909) | |
| Net Increase (Decrease) due to Share Transactions | 205,000 | 4,974,310 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (24,039) | ||
| Net Realized Gain (Loss) on Investments in Ether Sold for Sponsor Fee andRedemptions | (861,857) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Ether | (5,001,925) | ||
| Net Income (Loss) | (5,887,821) | ||
| Net Change in Shareholders’ Equity | 205,000 | (913,511) | |
| Balance at June 30, 2025 | 913,000 | $22,649,742 | |
Statements of Cash Flows
For the Six Months Ended June 30, 2026 and 2025
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss) | $(12,474,296) | $(5,887,821) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Cost of Ether purchased | (11,502,162) | (6,425,219) |
| Proceeds from Ether sold to pay Sponsor Fee | 28,489 | 25,314 |
| Proceeds from Ether sold for Redemptions | 9,295,872 | 1,450,911 |
| Net Realized (Gain) Loss on Investments in Ether Sold to pay Sponsor Fee | 6,481 | 7,802 |
| Net Realized (Gain) Loss on Investments in Ether Sold for Redemptions | 3,620,411 | 854,055 |
| Net Change in Unrealized (Gain) Loss on Investments in Ether | 8,821,101 | 5,001,925 |
| Change in operating assets and liabilities: | ||
| Accrued Sponsor Fee | (2,186) | (1,277) |
| Net cash provided by (used in) operating activities | (2,206,290) | (4,974,310) |
| Cash flows from financing activities: | ||
| Proceeds from purchases of Shares | 11,502,130 | 6,425,219 |
| Redemption of Shares | (9,295,840) | (1,450,909) |
| Net cash provided by (used in) financing activities | 2,206,290 | 4,974,310 |
| 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.