FETH posts -$255.1M net loss in Q2 as ether falls 24% and redemptions drain -$255.1M

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net loss of $255.1M for the six months ended June 30, 2026, driven by a 46% ether price decline (from $2,972 to $1,593) and net redemptions of 26.75M shares ($1.07B in outflows).

  MD&A: Six-Month Results verify on EDGAR →
• high

  Trust now permits in-kind redemptions (direct ether distribution) alongside cash redemptions, generating $26.2M in realized gains on distributed ether for the six-month period.

  Notes: In-Kind Redemptions view on EDGAR →
• high

  Net assets fell from $2.2B to $0.8B over six months as 72.8M shares were redeemed against 46.1M created, reflecting sustained investor outflows amid market depreciation.

  MD&A: Six-Month Results verify on EDGAR →