Thu, Aug 29, 5:57 PM (138 days ago)
As of June 30, 2024, the Invesco Galaxy Ethereum ETF reported total assets of $100,000, all in cash, following its establishment and initial share issuance. The Trust had no liabilities and a net asset value (NAV) of $25.00 per share, with 4,000 shares outstanding. The Trust's investment objective is to reflect the performance of ether's spot price, less expenses. During the reporting period from June 17 to June 30, 2024, the Trust did not generate any revenue or incur expenses, as it was primarily focused on organization and initial share sales. The Sponsor, Invesco Capital Management LLC, is responsible for operational costs, which will be covered by a 0.25% annual Sponsor Fee calculated on total net assets. Subsequent events included the redemption of the initial shares for $100,000 and the creation of additional shares at a higher price based on ether's market value. The Trust's concentration in ether presents significant market risk, as fluctuations in ether's price directly impact shareholder value. Overall, the Trust remains in its early operational stages with no significant financial trends or uncertainties reported at this time.