Bitwise Ethereum ETF Q2 2026: Net income $(54.8M) — 10-Q Summary
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Bitwise Ethereum ETF reported a loss for the quarter ended June 30, 2026, with net income of $(54.8M) compared with $61.9M in the year-ago quarter, as the Trust saw material declines in net assets driven by redemptions and lower ether prices.
Financial Highlights
- Net income was $(54.8M) for Q2 2026 (three months ended June 30, 2026), compared with $61.9M for Q2 2025.
- Revenue: Not reported (Trust holds ether; no investment income disclosed for the periods).
- Diluted EPS: Not reported (EPS metrics not provided in the filing).
Business Highlights
- Trust net assets declined materially from Dec. 31, 2025 to Jun. 30, 2026 due to net redemptions and falling ether prices.
- Trading and creation activity was active YTD, with significant creations of 45,314 ETH and redemptions of 54,117 ETH, driving portfolio flows and operational settlements.
- NAV is set using the CME CF Ether USD reference price; the Trust determines the principal market (Crypto.com) via Lukka's valuation process.
- The sponsor charges a 0.20% annual fee and expects ordinary operating costs to enable minimal cash holdings and limited operational cash needs.
Original SEC Filing: Bitwise Ethereum ETF [ ETHW ] - 10-Q - Aug. 07, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.