Quarterly ResultMay 6, 2026, 05:08 PM
Bitwise Ethereum ETF Net Assets Drop to $219.2M; NAV $15.00
AI Summary
Bitwise Ethereum ETF reported a significant decline in its net assets and NAV per share for the three months ended March 31, 2026. Net assets decreased to $219.2 million from $343.7 million at the end of 2025, with NAV per share falling from $21.28 to $15.00. The Trust also highlighted numerous risk factors related to ether's volatility, regulatory changes, and reliance on service providers, while confirming its status as an "emerging growth company" and its decision to opt out of extended accounting standard transition periods.
Key Highlights
- Net assets decreased to $219.2 million as of March 31, 2026.
- Principal Market NAV per Share fell to $15.00 as of March 31, 2026.
- Net decrease in assets from operations was $(110.6) million for Q1 2026.
- Investment in ether fair value was $219.3 million as of March 31, 2026.
- Shares outstanding decreased to 14.62 million as of March 31, 2026.
- The Trust is an "emerging growth company" under the JOBS Act.
- The Trust opted out of the extended accounting standard transition period.
- Highlighted risks include ether price volatility and regulatory changes.