Net assets decreased to $1.80 billion as of March 31, 2026, from $2.18 billion at year-end 2025. The Trust recorded a net decrease in net assets from operations of $681.1 million for the quarter. Ether price fell from $2,971.94 per unit at year-end 2025 to $2,095.22 at March 31, 2026. The Trust generated $8.375 million in staking reward income during the quarter. Shares outstanding increased to 90.88 million from 77.73 million during the period.