Here are the 10-Q quarterly reports from Invesco Galaxy Ethereum ETF (QETH) in our archive since June 2025, 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 QETH 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 QETH filings page.
Invesco Galaxy Ethereum ETF (QETH) reported third-quarter net income of $10,299,430, primarily from a $10,269,306 unrealized gain on Ether. Its total return at market value was 68.98% for the three months ended September 30, 2026. The Trust held 9,429 Ether valued at $25,399,349, and net assets were $25,394,139 at September 30, 2026.
For the nine months ended September 30, 2026, it recorded a net loss of $2,174,866, compared with net income of $8,247,989 in 2025; the result included $3,583,956 in net realized losses and $1,448,205 in unrealized gains. Its nine-month total return at market value was -10.34%. The Trust had 948,000 shares outstanding at September 30, 2026.
Ether represented 100.02% of net assets. The Sponsor Fee is 0.25% per annum, accrued daily and paid monthly in arrears; Ether is sold to pay the fee and extraordinary expenses not assumed by the Sponsor. The Trust’s strategy is concentrated in Ether, so a decline in Ether’s price is expected to reduce the value of an interest in the Trust proportionately.
Invesco Galaxy Ethereum ETF, which holds ether to track the Lukka Prime Ethereum Reference Rate, reported a sharp decline in value for the six months ended June 30, 2026. Net assets were $15,580,175, with 983,000 shares outstanding and NAV per share of $15.85, down from $29.61 at December 31, 2025.
The trust recorded a net loss of $12,474,296 for the six-month period, driven mainly by $8,821,101 of unrealized losses and $3,626,892 of realized losses on ether, while operating expenses consisted solely of a 0.25% annual Sponsor Fee. Total return at NAV was -46.47%, closely mirroring ether’s price decline.
The trust held 9,782 ether valued at $15,583,553 as of June 30, 2026, with all holdings classified as Level 1 fair value measurements. Liquidity is provided through in-kind or cash creations and redemptions with Authorized Participants, and the sponsor continues to absorb all routine operating expenses beyond the unified fee.
Invesco Galaxy Ethereum ETF reported results for the quarter ended March 31, 2026, showing how the fund tracked ether’s price decline. Net assets fell to $18.9 million from $25.8 million as the value of its ether holdings dropped and the fund recorded a net loss of $7.5 million, driven by $7.5 million of realized and unrealized losses on ether.
The ETF held 8,992 ether worth $18.9 million, with 903,000 shares outstanding. Net asset value per share decreased from $29.61 to $20.93, and total return at NAV was -29.32%, broadly reflecting ether’s weak quarter. The fund’s only recurring expense is a 0.25% annual Sponsor Fee, which totaled $14,251 for the period.
Invesco Galaxy Ethereum ETF (QETH) reported strong third‑quarter results tied to Ether’s rally. Net assets were $38,989,859 with 943,000 shares outstanding as of September 30, 2025. Investments in Ether were carried at fair value of $38,997,371, producing a NAV per share of $41.35 and market price of $41.48.
Q3 net income was $14,135,810, driven by a $13,721,224 unrealized gain and $436,418 realized gain; the Sponsor Fee expense was $21,832. Total return for the quarter was 66.67% at NAV and 65.06% at market. For the nine months, net income was $8,247,989 with a NAV total return of 24.25%. The Trust charges a unified Sponsor Fee of 0.25% per annum of daily net assets.
Authorized Participants redeemed 630,000 shares in Q3 at an average price of $39.30. A prospectus amendment effective September 30, 2025 permits in‑kind creations and redemptions in ether; as of November 6, 2025, in‑kind orders had not yet commenced.