iShares Ethereum Trust 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.
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Item 1. Financial Statements
Statement of Assets and Liabilities (Unaudited)
At September 30, 2024
| Assets | |
|---|---|
| Investment in ether, at fair value(a) | $1,019,423,341 |
| Cash | 3,260 |
| Total Assets | 1,019,426,601 |
| Liabilities | |
| Sponsor’s fees payable | 84,058 |
| Total Liabilities | 84,058 |
| Commitments and contingent liabilities (Note 6) | — |
| Net Assets | $1,019,342,543 |
| Shares issued and outstanding(b) | 51,200,000 |
| Net asset value per Share (Note 2C) | $19.91 |
| (a) | Cost of investment in ether: $1,157,342,168. |
|---|---|
| (b) | No par value, unlimited amount authorized. |
Statements of Operations (Unaudited)
For the three months ended September 30, 2024 and the Period from May 21, 2024 (Date of Seeding) to September 30, 2024
| Three Months Ended September 30, | For the Period from May 21, 2024 (Date of Seeding) to September 30, | |
|---|---|---|
| 2024 | 2024 | |
| Expenses | ||
| Sponsor’s fees | $358,491 | $358,911 |
| Sponsor’s fees waiver | (186,634) | (186,634) |
| Total expenses | 171,857 | 172,277 |
| Net investment loss | (171,857) | (172,277) |
| Net Realized and Unrealized Gain (Loss) | ||
| Net realized loss from: | ||
| Ether sold to pay expenses | (21,660) | (21,660) |
| Net change in unrealized appreciation/depreciation | (138,509,122) | (137,918,827) |
| Net realized and unrealized loss | (138,530,782) | (137,940,487) |
| Net (decrease) in net assets resulting from operations | $(138,702,639) | $(138,112,764) |
| Net (decrease) in net assets per Share(a) | $(4.67) | $(6.69) |
| (a) | Net decrease in net assets per Share based on average shares outstanding during the period. |
|---|
Statements of Changes in Net Assets (Unaudited)
For the three months ended September 30, 2024 and the period from May 21, 2024 (Date of Seeding) to September 30, 2024
| For the Period from May 21, 2024 (Date of Seeding) to September 30, | |
|---|---|
| Net Assets at May 21, 2024 | $— |
| Operations: | |
| Net investment loss | (420) |
| Net change in unrealized appreciation/depreciation | 590,295 |
| Net increase in net assets resulting from operations | 589,875 |
| Capital Share Transactions: | |
| Contributions for Shares issued | 10,000,000 |
| Net increase in net assets from capital share transactions | 10,000,000 |
| Increase in net assets | 10,589,875 |
| Net Assets at June 30, 2024 | $10,589,875 |
| Operations: | |
| Net investment loss | (171,857) |
| Net realized loss | (21,660) |
| Net change in unrealized appreciation/depreciation | (138,509,122) |
| Net decrease in net assets resulting from operations | (138,702,639) |
| Capital Share Transactions: | |
| Contributions for Shares issued | 1,147,455,307 |
| Net increase in net assets from capital share transactions | 1,147,455,307 |
| Increase in net assets | 1,008,752,668 |
| Net Assets at September 30, 2024 | $1,019,342,543 |
| Shares issued and redeemed | |
| Shares issued | 51,200,000 |
| Shares redeemed | — |
| Net increase in Shares issued and outstanding | 51,200,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.