Invesco Galaxy Ethereum ETF reported its financial results for the quarter ending June 30, 2025, revealing a net asset value (NAV) of $22.65 million, a decrease from $23.56 million at the end of the previous fiscal period. The Trust's total assets were valued at $22.65 million, primarily consisting of investments in Ether, which were valued at $22.65 million as of June 30, 2025, down from $23.57 million at the end of 2024. The number of outstanding shares increased to 913,000 from 708,000, reflecting a significant rise in share purchases during the period.
The Trust's financial performance showed a net income of $5.55 million for the three months ended June 30, 2025, primarily driven by a net change in unrealized gains of $5.56 million. However, for the six-month period, the Trust reported a net loss of $5.89 million, attributed to net realized losses and a decline in unrealized gains. The NAV per share at the end of the quarter was $24.81, a decrease from $33.28 at the end of 2024, while the market value per share also fell to $25.13 from $33.39.
Operationally, the Trust experienced a notable increase in share transactions, with 160,000 shares purchased during the second quarter, contributing to a net increase in shareholders' equity of $8.92 million. The Trust's investment strategy remains concentrated solely on Ether, which exposes it to significant market risks associated with the cryptocurrency's price fluctuations. The Trust's management indicated that the recent recovery in Ether prices, which rose over 35% in the second quarter, was influenced by improved investor sentiment and regulatory developments.
Looking ahead, the Trust's management expressed cautious optimism regarding the future performance of Ether, citing ongoing institutional interest and positive regulatory signals. The Trust's investment objective continues to focus on reflecting the performance of Ether's spot price, and it remains committed to managing its expenses effectively. The Sponsor, Invesco Capital Management LLC, has agreed to cover the Trust's ordinary expenses, which are primarily limited to a 0.25% annual Sponsor Fee, ensuring that the Trust can maintain its operational efficiency while navigating the volatile cryptocurrency market.
About Invesco Galaxy Ethereum ETF
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