Fri, Feb 28, 11:12 AM (51 days ago)
**Invesco Galaxy Ethereum ETF (QETH) 10-K Summary** For the fiscal year ending December 31, 2024, Invesco Galaxy Ethereum ETF reported a decrease in market value per share from $34.60 to $33.39, reflecting a total return of -3.50%. The Trust's NAV per share also fell from $34.60 to $33.28, with a total return of -3.55%. The Trust holds ether valued at $23,569,250, up from a cost basis of $19,846,885. Net income for this period was $4.1 million, driven by both realized and unrealized gains on ether investments. The Trust operates under a unified fee structure of 0.25% annually, which is its primary expense. Significant risks include market volatility, regulatory changes, and cybersecurity threats. The Trust is not registered under the Investment Company Act, limiting investor protections. The Ethereum market's dynamics, including the Benchmark pricing methodology, could affect NAV calculations and share pricing. Future outlook remains uncertain due to potential regulatory scrutiny and competition from other digital asset products. The Trust's dependency on Authorized Participants for liquidity and the ability to create or redeem shares poses additional risks, particularly in volatile markets.