Quarterly ResultMay 14, 2026, 03:28 PM
VanEck Ethereum ETF Q1 Net Assets Down 32.24% to $106.8M
AI Summary
VanEck Ethereum ETF reported a 32.24% decrease in net assets to $106.8 million for Q1 2026, primarily driven by a 29.28% decline in ether's price. Net asset value per share fell 29.31% to $30.73. The Trust experienced a $44.8 million net decrease in net assets from operations, including significant unrealized depreciation and realized losses. The filing also highlighted substantial regulatory uncertainty in digital asset markets as a key risk.
Key Highlights
- Net assets decreased 32.24% to $106.8 million as of March 31, 2026.
- NAV per share declined 29.31% to $30.73 from $43.47.
- Ether price decreased 29.28% to $2,101.20 during the quarter.
- Net decrease in net assets from operations was $44.8 million.
- Net unrealized depreciation from ether investments totaled $30.2 million.
- Net realized loss on ether sales for redemptions was $14.5 million.
- Shares outstanding decreased to 3,475,000 from 3,625,000.
- Significant regulatory uncertainty in digital asset markets poses risks.