Note 8. Financial Highlights(a)
The financial highlights summarize certain per
share operating information and financial ratios of net investment income (loss) and expenses, to daily average net assets for the period
from May 20, 2024 (Date of Seeding) to December 31, 2024. An individual investor’s return and ratios may vary based on the timing of capital
transactions:
| | |
For the period
May 20, 2024 (Date
of Seeding) to
December 31, 2024 |
| Net asset value per share, beginning of period | |
$ | 50.00 | |
| | |
| | |
| From investment operations: | |
| | |
| Net investment income (loss)(b) | |
| — | |
| Net realized gain (loss) and change in unrealized appreciation/depreciation
on investments in ether(c) | |
| (1.19 | ) |
| Net decrease resulting from operations | |
| (1.19 | ) |
| | |
| | |
| Net asset value per share, end of period(d) | |
$ | 48.81 | |
| | |
| | |
| Total return (%)(e) | |
| (2.38)% | |
| | |
| | |
| Ratios to average net assets(f) | |
| | |
| Expenses before fee waiver | |
| 0.20% | (g) |
| Expenses after fee waiver | |
| 0.00% | (g) |
| Net investment income (loss) | |
| 0.00% | (g) |
| Portfolio turnover rate(e) | |
| 23.52% | |
| (a) | No prior year comparative financial statements have been provided as the Trust did not have any operations as of December 31, 2023. |
| (b) | Net investment income (loss) per share has been calculated based upon an average of daily shares outstanding. |
| (c) | The amount shown for a share outstanding throughout the year may not agree with the change in the aggregate gains and losses for the year because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust. |
| (d) | Returns are not annualized and include adjustments required by GAAP. Returns for financial statements purposes may differ from net asset values and performance reported elsewhere by the Trust. |
| (e) | Non-annualized. |
| (f) | Annualized. |
| (g) | Calculated based upon daily average net assets from July 22, 2024 (Date of Effectiveness) to December 31, 2024. |
|