Every 10-Q that Bitwise Ethereum ETF (ETHW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ETHW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ETHW filings page.
Bitwise Ethereum ETF, a Delaware statutory trust providing ether exposure, reported net assets of $168,466 (thousands) at June 30, 2026, down from $343,685 (thousands) at December 31, 2025. Principal Market NAV per share declined from $21.28 to $11.29 over the same period.
For the six months ended June 30, 2026, the Trust recorded a net decrease in net assets from operations of $165,364 (thousands), driven by net realized and unrealized losses on ether of $165,117 (thousands) and a modest net investment loss of $247 (thousands). The NAV total return was (46.95)%.
The Trust held 106,742.1564 ether at June 30, 2026, valued using a principal market price of $1,578.53 per ether and the CME CF Ether – Dollar Reference Rate – New York Variant for NAV. Operating expenses consist mainly of a 0.20%-per‑annum Sponsor Fee, with no borrowing and minimal cash holdings.
Bitwise Ethereum ETF’s quarter reflected ether’s sharp price decline rather than operating issues. Net assets fell from $343.7M to $219.2M as of March 31, 2026, driven mainly by ether price dropping from $2,964.79 to $2,097.12.
The Trust held 104,650.7879 ether and reported a net decrease in net assets from operations of $110.6M, almost entirely from $110.4M of realized and unrealized losses on ether. Operating costs were minimal, with a $139k Sponsor Fee at a 0.20% annual rate and no other recurring expenses borne by the Trust.
Investor flows were modestly negative: creations added about 36,871 ether ($102.5M), while redemptions removed roughly 47,821 ether ($116.5M). The Principal Market NAV per share declined from $21.28 to $15.00, a total return of (29.51)% for the quarter, consistent with the ETF’s design to track ether’s market performance, less fees.
Bitwise Ethereum ETF (ETHW) reported Q3 2025 results reflecting ether price appreciation. Net assets were $499,703 thousand as of September 30, 2025, with 120,095.5620 ether held. Principal Market NAV per share was $29.82.
Performance was driven by market gains in ether: the quarter showed a 65.30% total return at NAV, and the nine‑month period posted a 24.46% total return. The quarter recorded a net increase from operations of $187,619 thousand, including an unrealized gain of $187,615 thousand.
The unitary Sponsor Fee of 0.20% resumed on January 22, 2025. For the nine months ended September 30, 2025, Sponsor Fee expense was $492 thousand, with $43 thousand waived. Cash balances were zero at period end, consistent with the Trust’s practice of holding ether and creating/redeeming in cash through Authorized Participants. Shares outstanding were 16,760,000 as of September 30, 2025.