Grayscale Ethereum Staking ETF Financial Summary

Complete Filing Data

Grayscale Ethereum Staking ETF reported Unrealized Gain Loss On Investments of -$2.32 billion for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Grayscale Ethereum Staking ETF did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022
Net Income Loss-$618.8M$2.59B$3.11B-$7.70B
Operating Expenses$88.6M$182.6M$134.5M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023
Net Income Loss-$1.23B$1.84B$754.4M-$1.99B$1.14B-$1.82B-$695.3M$3.95B$1.75B-$770.8M$256.3M$1.87B
Operating Expenses

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Unrealized Gain Loss On Investments-$2.32B-$1.39B$3.14B-$7.67B$8.76B$1.35B-$38.4M-$28.6M
Gain Loss On Investments-$542.3M$2.77B$3.24B-$7.55B$8.95B$1.35B-$39.4M-$28.8M
Assets Net$2.70B$4.74B$6.76B$3.65B$11.35B$2.19B$63.5M$6.2M$13.1M
Stockholders Equity Period Increase Decrease-$1.41B-$4.61B$0.00$0.00$434.6M$786.5M$97.7M$22.3M
Liabilities$2.3M$0.00$0.00$0.00$0.00$0.00$0.00
Investment Owned Percent Of Net Assets$1.00$1.00$1.00$1.00$1.00$1.00$1.00
Assets$2.71B$4.74B$6.76B$3.65B$11.35B$2.19B$63.5M
Investment Company Net Assets Period Increase Decrease-$7.70B$9.16B$2.12B$57.3M-$6.9M
Investment Company Net Assets From Operations Increase Decrease-$7.70B$8.73B$1.34B-$40.3M-$29.2M
Additional Paid In Capital Common Stock-$1.35B-$1.35B-$918.8M-$132.3M
Total Increase Decrease In Net Assets From Operations And Capital Shares Transactions-2.03B-2.02B3.11B-7.70B
Accounts Payable Related Parties Current And Noncurrent$0.00$0.00$0.00
Accounts Payable Current And Noncurrent$0.00$0.00$0.00$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$0.00$0.00$0.00
Net Change In Unrealized Depreciation Appreciation On Sponsor S Fee Payable$0.00$0.00-$9.0K$9.3K
Total Increase Decrease In Net Assets From Operations And Capital Share Transactions$3.11B-$7.70B$9.16B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$0.00$0.00
Net Change In Unrealized Appreciation Depreciation On Sponsors Staking Fee Payable In Ether$181.0K$0.00$0.00
Sponsors Staking Fee Payable Related Party$2.3M$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019
Unrealized Gain Loss On Investments-$1.75B$1.31B$604.5M-$2.49B$498.7M-$5.16B-$687.7M$3.96B$1.76B-$762.8M$264.1M$1.88B-$431.3M$959.9M-$7.02B-$1.18B$1.98B$2.31B$1.06B$3.41B$1.05B$219.9M$107.4M-$28.6M-$24.3M-$22.9M$8.1M$703.5K
Gain Loss On Investments-$1.21B$1.87B$770.0M-$1.97B$1.17B-$1.78B-$633.9M$4.01B$1.79B-$737.6M$291.1M$1.90B-$414.4M$981.0M-$6.99B-$1.13B$2.05B$2.36B$1.10B$3.44B$1.05B$221.3M$107.3M-$28.9M-$24.6M-$23.3M$8.0M$492.1K
Assets Net$4.43B$2.84B$2.22B$4.33B$10.02B$10.71B$5.01B$5.78B$5.52B$4.09B$3.14B$10.17B$9.38B$7.08B$6.03B$804.0M$382.8M$142.1M$68.5M$29.8M
Stockholders Equity Period Increase Decrease-$251.8M-$141.0M-$525.6M-$3.87B$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$434.6M$204.1M$135.1M$108.2M$62.3M
Liabilities$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Investment Owned Percent Of Net Assets$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00$1.00
Assets$4.43B$2.84B$2.22B$4.33B$10.02B$10.71B$5.01B$5.78B$5.52B$4.09B$3.14B$10.17B$9.38B$7.08B$6.03B$804.0M
Investment Company Net Assets Period Increase Decrease$256.3M$1.87B$951.8M-$7.03B-$1.19B$2.30B$1.05B$3.84B$421.1M$240.7M$78.6M$38.7M
Investment Company Net Assets From Operations Increase Decrease$256.3M$1.87B$951.8M-$7.03B-$1.19B$2.30B$1.05B$3.41B$217.0M$105.6M-$29.6M-$23.6M
Additional Paid In Capital Common Stock-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$1.35B-$579.9M
Total Increase Decrease In Net Assets From Operations And Capital Shares Transactions1.59B613.4M-2.51B-5.69B-695.3M3.95B-770.8M256.3M
Accounts Payable Related Parties Current And Noncurrent$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Accounts Payable Current And Noncurrent$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$0.00$0.00$0.00$0.00
Net Change In Unrealized Depreciation Appreciation On Sponsor S Fee Payable$24.8K-$21.8K-$12.1K
Total Increase Decrease In Net Assets From Operations And Capital Share Transactions$3.95B-$770.8M$1.87B$951.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$0.00
Net Change In Unrealized Appreciation Depreciation On Sponsors Staking Fee Payable In Ether$181.0K$0.00$0.00$0.00
Sponsors Staking Fee Payable Related Party

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2022FY2021FY2020FY2019FY2018
Increase Decrease In Operating Assets-$7.70B$8.73B$1.34B-$40.3M-$29.2M
Proceeds From Sale Of Trust Assets To Pay Expenses$86.1M$182.6M
Proceeds From Issuance Of Common Stock$743.9M$14.7M
Net Cash Provided By Used In Operating Activities$1.41B$3.63B
Net Cash Provided By Used In Financing Activities-$1.41B-$3.63B
Increase Decrease In Accounts Payable Related Parties$2.5M$0.00
Proceeds From Disposition Of Investment Operating Activity$2.16B$3.65B
Payments For Repurchase Of Common Stock$2.16B$3.65B
Payments For Purchase Of Investment Operating Activity$743.9M$14.7M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019
Increase Decrease In Operating Assets-$439.4M$951.8M-$7.03B-$1.19B$1.97B$2.30B$1.05B$3.41B$1.05B$217.0M$105.6M-$29.6M-$25.1M-$23.6M$7.9M$454.0K
Proceeds From Sale Of Trust Assets To Pay Expenses$21.8M
Proceeds From Issuance Of Common Stock$80.0M
Net Cash Provided By Used In Operating Activities$532.3M
Net Cash Provided By Used In Financing Activities-$532.3M
Increase Decrease In Accounts Payable Related Parties$0.00
Proceeds From Disposition Of Investment Operating Activity$612.3M
Payments For Repurchase Of Common Stock$612.3M
Payments For Purchase Of Investment Operating Activity$80.0M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Shares Outstanding110.9M169.1M310.2M310.2M310.2M285.3M47.1M4.4M1.6M
Net Asset Value Per Share$24.38$28.01$21.79$11.77$36.60$7.67$1.35$1.42$8.33
Common Stock Shares Outstanding110.9M169.1M310.2M310.2M310.2M285.3M47.1M
Common Stock Shares Issued110.9M169.1M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q3 2019Q2 2019
Shares Outstanding129.2M136.1M146.0M197.8M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M218.4M163.2M101.4M4.0M1.0M
Net Asset Value Per Share$34.25$20.84$15.23$21.89$32.29$34.53$16.14$18.63$17.80$13.18$10.11$32.78$30.24$22.82$19.44$3.68$2.35$1.40$17.03$29.00
Common Stock Shares Outstanding129.2M136.1M146.0M197.8M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M310.2M24.3M
Common Stock Shares Issued

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Sponsor Fees$86.1M$182.6M$134.5M$153.2M$217.4M$15.1M$918.0K$432.4K
Investment Income Net-$76.5M-$182.6M-$134.5M-$153.2M-$217.4M-$15.1M-$918.0K-$432.4K
Realized Investment Gains Losses$1.78B$4.15B$120.9M$185.5M$4.7M-$1.0M-$159.8K
Investment Owned At Fair Value$2.71B$4.74B$6.76B$3.65B$11.35B$2.19B$63.5M$6.2M$13.1M
Stock Issued During Period Value New Issues$744.4M$14.9M$0.00$0.00$434.6M$786.5M$97.7M$22.3M
Stock Issued During Period Shares Period Increase Decrease-58.2M-141.1M0.000.0024.9M238.2M42.7M2.8M
Stock Issued During Period Shares New Issues26.9M480.0K0.000.0024.9M238.2M42.7M2.8M
Investment Income$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Investment Owned At Cost$900.0M$608.7M$1.24B$1.28B$1.31B$905.9M$129.8M
Realized Investment Gains Losses Sold For Redemption Of Shares1.71B3.11B0.000.00
Accumulated Net Investment Loss$387.2M$233.9M$16.5M$1.4M
Investment Owned Unrecognized Unrealized Appreciation Depreciation Net$2.37B$10.04B$1.28B-$66.3M
Stock Redeemed Or Called During Period Value$2.16B$3.61B$0.00$0.00
Realized Investment Gains Losses Sold For Initial Distribution$0.00$888.1M$0.00$0.00
Accumulated Net Realized Gain-$310.0M$189.1M$3.6M
Stock Redeemed Or Called During Period Shares85.1M141.5M0.000.00
Net Realized Gain On Investment In Ether Sold To Pay Expenses$68.7M$157.6M$103.0M
Investment Company Net Asset From Operations Increase Decrease$3.11B-$7.70B$8.73B
Realized Investment Gains Losses Sold To Pay Expenses$103.0M$120.9M
Investment Company Tax Return Of Capital Distribution$0.00$1.01B$0.00$0.00
Accumulated Net Realized Loss$1.2M
Transfer Of Ether To Pay For Sponsors Fee$86.1M$182.6M
Staking Reward Income$12.2M$0.00$0.00
Related Party Transaction Purchases From Related Party$2.5M$0.00$0.00
Net Investment Income$12.2M$0.00$0.00
Transfer Of Ether Used For Initial Distribution$0.00$1.01B
Amount Of Ether Distributed By The Trust Value$1.01B
Amount Of Ether Distributed By The Trust$292.3K
Net Change In Unrealized Appreciation Depreciation On Sponsors Staking Fee$181.0K$0.00
Investment Company Distributable Earnings Loss Accumulated Appreciation Depreciation
Ether Received As Staking Rewards$12.2M$0.00
Ether Received As Staking Reward$12.2M$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019
Sponsor Fees$2.5M$27.2M$15.6M$21.8M$29.7M$38.0M$61.4M$53.5M$36.8M$33.1M$34.9M$29.6M$25.0M$29.3M$42.7M$56.2M$80.7M$56.4M$51.1M$29.3M$8.3M$4.3M$1.8M$778.0K$469.1K$334.3K$76.5K$38.1K
Investment Income Net-$11.8M-$27.2M-$15.6M-$21.8M-$29.7M-$38.0M-$61.4M-$53.5M-$36.8M-$33.1M-$34.9M-$29.6M-$25.0M-$29.3M-$42.7M-$56.2M-$80.7M-$56.4M-$51.1M-$29.3M-$8.3M-$4.3M-$1.8M-$778.0K-$469.1K-$334.3K-$76.5K-$38.1K
Realized Investment Gains Losses$522.5M$32.4M$53.8M$45.8M$29.0M$25.2M$27.0M$21.8M$17.0M$21.1M$34.7M$48.2M$72.4M$48.1M$42.8M$22.2M$3.7M$1.4M-$70.0K-$273.0K-$311.4K-$373.7K-$126.9K-$199.3K
Investment Owned At Fair Value$4.43B$2.84B$2.22B$4.33B$10.02B$10.71B$5.01B$5.78B$5.52B$4.09B$3.14B$10.17B$9.38B$7.08B$6.03B$804.0M
Stock Issued During Period Value New Issues$381.1M$64.8M$80.3M$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$434.6M$204.1M$135.1M$108.2M$62.3M
Stock Issued During Period Shares Period Increase Decrease-6.9M-9.9M-23.1M-112.4M0.000.000.000.000.000.000.000.000.000.0024.9M55.1M61.8M54.4M3.0M
Stock Issued During Period Shares New Issues11.7M3.0M4.0M0.000.000.000.000.000.000.000.000.000.000.0024.9M55.1M61.8M54.4M3.0M
Investment Income$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Investment Owned At Cost$866.4M$592.8M$583.8M$701.2M$1.23B$1.24B$1.25B$1.26B$1.27B$1.28B$1.29B$1.30B$1.32B$1.33B$1.33B$571.5M
Realized Investment Gains Losses Sold For Redemption Of Shares522.6M530.2M153.5M504.4M648.2M2.46B0.000.000.00
Accumulated Net Investment Loss$636.6M$575.2M$521.7M$484.8M$451.7M$416.8M$362.2M$332.9M$290.2M$153.2M$96.9M$45.8M$8.2M
Investment Owned Unrecognized Unrealized Appreciation Depreciation Net$9.47B$5.51B$3.75B$4.52B$4.25B$2.80B$1.84B$8.87B$8.06B$5.75B$4.70B$232.5M
Stock Redeemed Or Called During Period Value$632.8M$205.8M$605.8M$2.86B$0.00$0.00$0.00
Realized Investment Gains Losses Sold For Initial Distribution$0.00$0.00$888.1M$0.00$0.00$0.00
Accumulated Net Realized Gain-$512.5M-$458.8M-$413.0M$384.0M$358.8M$331.8M$293.1M$271.9M$237.3M
Stock Redeemed Or Called During Period Shares18.6M12.9M27.0M112.4M0.000.000.00
Net Realized Gain On Investment In Ether Sold To Pay Expenses$16.0M$22.5M$12.1M$18.1M$25.6M$32.4M$53.8M$45.8M
Investment Company Net Asset From Operations Increase Decrease-$1.82B-$695.3M$3.95B-$770.8M$256.3M$1.87B$951.8M
Realized Investment Gains Losses Sold To Pay Expenses$18.1M$25.6M$32.4M$53.8M$45.8M$29.0M$25.2M$27.0M$21.8M
Investment Company Tax Return Of Capital Distribution$0.00$1.01B$0.00
Accumulated Net Realized Loss-$116.7M-$68.6M-$25.8M-$3.6M$125.4K
Transfer Of Ether To Pay For Sponsors Fee$21.8M
Staking Reward Income$12.2M$0.00$0.00$0.00
Related Party Transaction Purchases From Related Party$2.5M$0.00$0.00$0.00
Net Investment Income$12.2M$0.00$0.00$0.00
Transfer Of Ether Used For Initial Distribution
Amount Of Ether Distributed By The Trust Value
Amount Of Ether Distributed By The Trust
Net Change In Unrealized Appreciation Depreciation On Sponsors Staking Fee
Investment Company Distributable Earnings Loss Accumulated Appreciation Depreciation-$8.79B-$5.51B
Ether Received As Staking Rewards
Ether Received As Staking Reward

Most recent annual filing with the SEC: February 25, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.