Trust Expenses and Other Agreements	1 Months Ended
Jun. 30, 2024
Trust Expenses And Other Agreements Abstract
Trust Expenses and Other Agreements [Text Block]	Note 3. Trust Expenses and Other Agreements The Trust will pay to the Sponsor a unified fee of 0.20% of net assets (the “Sponsor Fee”) that will accrue daily. The Sponsor has agreed to pay all operating expenses (except for litigation expenses and other extraordinary expenses) from the Sponsor Fee. The Sponsor from time to time will sell ETH, which may be facilitated by one or more liquidity providers and/or the ETH Custodian, in such quantity as is necessary to permit payment of the Sponsor Fee and Trust expenses and liabilities not assumed by the Sponsor. The Trust holds its ETH at the ETH Custodian, a regulated third-party custodian that carries insurance and is chartered as a trust company under the New York Banking Law, is a qualified custodian for purposes of Rule 206(4)-2(d)6 under the Investment Advisers Act of 1940, as amended (“qualified custodian”), and is responsible for safekeeping of ETH owned by the Trust and holding private keys that provide access to the ETH in the Trust’s ETH account. The Trust may also hold its ETH at Coinbase Custody Trust Company, LLC (the “Additional ETH Custodian”), a regulated third-party custodian that is chartered as a trust company under the New York Banking Law, is a qualified custodian and serves as a fiduciary responsible for safekeeping of ETH owned by the Trust and holding the private keys that provide access to the ETH in the Trust’s additional ETH account. Coinbase, Inc., an affiliate of and the parent of the Additional ETH Custodian, carries insurance intended to cover the loss of client assets held by Coinbase Inc. and its subsidiaries, including the Additional ETH Custodian. State Street Bank and Trust Company serves as the Trust’s administrator, transfer agent and cash custodian.

Trust Expenses and Other Agreements

1 Months Ended

Jun. 30, 2024

Trust Expenses And Other Agreements Abstract

Trust Expenses and Other Agreements [Text Block]

Note 3. Trust Expenses and Other Agreements

The Trust will pay to the Sponsor a unified fee of 0.20% of net assets (the “Sponsor Fee”) that will accrue daily. The Sponsor has agreed to pay all operating expenses (except for litigation expenses and other extraordinary expenses) from the Sponsor Fee. The Sponsor from time to time will sell ETH, which may be facilitated by one or more liquidity providers and/or the ETH Custodian, in such quantity as is necessary to permit payment of the Sponsor Fee and Trust expenses and liabilities not assumed by the Sponsor.

The Trust holds its ETH at the ETH Custodian, a regulated third-party custodian that carries insurance and is chartered as a trust company under the New York Banking Law, is a qualified custodian for purposes of Rule 206(4)-2(d)6 under the Investment Advisers Act of 1940, as amended (“qualified custodian”), and is responsible for safekeeping of ETH owned by the Trust and holding private keys that provide access to the ETH in the Trust’s ETH account. The Trust may also hold its ETH at Coinbase Custody Trust Company, LLC (the “Additional ETH Custodian”), a regulated third-party custodian that is chartered as a trust company under the New York Banking Law, is a qualified custodian and serves as a fiduciary responsible for safekeeping of ETH owned by the Trust and holding the private keys that provide access to the ETH in the Trust’s additional ETH account. Coinbase, Inc., an affiliate of and the parent of the Additional ETH Custodian, carries insurance intended to cover the loss of client assets held by Coinbase Inc. and its subsidiaries, including the Additional ETH Custodian.

State Street Bank and Trust Company serves as the Trust’s administrator, transfer agent and cash custodian.

VanEck Ethereum ETF 10-Q