iShares Ethereum Trust ETF
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout 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 Feb 27, 2026
ETHA$48.06-4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The following tables show the Trust’s quarterly financial information for 2025 and 2024.
| Three Months Ended (Unaudited) | ||||
|---|---|---|---|---|
| March 31, 2025 | June 30, 2025 | September 30, 2025 | December 31, 2025 | |
| Expenses | ||||
| Sponsor’s fees | $2,038,502 | $1,882,114 | $7,917,727 | $8,320,759 |
| Sponsor’s fees waived | (791,853) | (751,364) | (204,795) | — |
| Total expenses | 1,246,649 | 1,130,750 | 7,712,932 | 8,320,759 |
| Net investment loss | (1,246,649) | (1,130,750) | (7,712,932) | (8,320,759) |
| Net Realized and Unrealized Gain (Loss) | ||||
| Net realized gain (loss) from: | ||||
| Ether sold to pay expenses | (313,171) | (423,236) | 730,372 | 141,488 |
| Ether sold for the redemption of Shares | (203,341,675) | (93,180,835) | 327,082,377 | (226,337,312) |
| Ether paid for the in-kind redemptions of Shares | — | — | — | 161,331,841 |
| Net realized gain (loss) | (203,654,846) | (93,604,071) | 327,812,749 | (64,863,983) |
| Net change in unrealized appreciation/depreciation on investment in ether | (1,728,580,085) | 854,250,640 | 3,236,696,155 | (4,625,138,477) |
| Net realized and unrealized gain (loss) | (1,932,234,931) | 760,646,569 | 3,564,508,904 | (4,690,002,460) |
| Net increase (decrease) in net assets resulting from operations | $(1,933,481,580) | $759,515,819 | $3,556,795,972 | $(4,698,323,219) |
| Net increase (decrease) in net assets per Share | $(11.84) | $4.22 | $8.59 | $(9.36) |
| Three Months Ended (Unaudited) | |||
|---|---|---|---|
| June 30, 2024(a) | September 30, 2024 | December 31, 2024 | |
| Expenses | |||
| Sponsor’s fees | $420 | $358,491 | $1,284,940 |
| Sponsor’s fees waived | — | (186,634) | (568,231) |
| Total expenses | 420 | 171,857 | 716,709 |
| Net investment loss | (420) | (171,857) | (716,709) |
| Net Realized and Unrealized Gain (Loss) | |||
| Net realized gain (loss) from: | |||
| Ether sold to pay expenses | — | (21,660) | (410) |
| Ether sold for the redemption of Shares | — | — | 7,562,357 |
| Net realized gain (loss) | — | (21,660) | 7,561,947 |
| Net change in unrealized appreciation/depreciation on investment in ether | 590,295 | (138,509,122) | 165,686,329 |
| Net realized and unrealized gain (loss) | 590,295 | (138,530,782) | 173,248,276 |
| Net increase (decrease) in net assets resulting from operations | $589,875 | $(138,702,639) | $172,531,567 |
| Net increase (decrease) in net assets per Share | $1.47 | $(4.67) | $2.05 |
| (a) | Period from May 21, 2024 (Date of Seeding) to June 30, 2024. |
|---|
See Index to Financial Statements on page F-1 for a list of the financial statements being filed herein.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.