Bitwise Ethereum ETF 1Q 2026: Net assets decline $(110.6M), No reported revenue or EPS — 10-Q Summary
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Bitwise Ethereum ETF reported for the quarter ended March 31, 2026 that the Trust experienced a net decrease in net assets from operations of $(110.6M) versus a $(149.9M) decrease in the year-ago quarter. The Trust holds ether and does not report a traditional revenue line or diluted EPS; its results were driven by investment losses on ether holdings and a modest net investment loss.
Financial Highlights
- Net assets from operations: net decrease of $(110.6M) in 1Q 2026, versus a net decrease of $(149.9M) in 1Q 2025.
- Net investment loss: $(0.139M) in 1Q 2026, compared with $(0.093M) in 1Q 2025.
- Revenue / EPS: The Trust holds ether and reports no revenue line; diluted EPS not provided.
Business Highlights
- Trust operations: Commenced July 22, 2024; Shares trade on NYSE Arca under ticker ETHW.
- Asset & NAV mechanics: Primary asset is ether; NAV is tied to the CME CF Ether Dollar Reference Rate and principal market pricing from Crypto.com, with fair-value accounting under ASC 820 supported by an independent valuation vendor (Lukka).
- Creation/redemption activity: Significant in-kind activity in 1Q — approximately 36,871 ETH created and about 47,821 ETH redeemed, materially affecting asset levels.
- Fees & expenses: Sponsor fee is 0.20% per annum; the sponsor covers ordinary operating and organization expenses, limiting Trust cash outflows.
Original SEC Filing: Bitwise Ethereum ETF [ ETHW ] - 10-Q - May. 06, 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.