iShares Ethereum Trust ETF Reports 58% Drop in Net Assets to $4.3B Amid Ether Price Plunge

summarizeSummary

The iShares Ethereum Trust ETF saw its net assets shrink 58% to $4.3 billion in H1 2026 as ether prices tumbled 46% and investors pulled capital. The fund's NAV per share fell to $12.02, with $4.5 billion in total losses from operations.

check_boxKey Events · Earnings and Guidance · ETHA

• Net Assets Plunge 58%

  Net assets fell from $10.3B at year-end 2025 to $4.29B at June 30, 2026, driven by a 46.39% drop in ether price and net redemptions of 101.6M shares.

• $4.5B in Operating Losses

  The Trust recorded a $4.5B net decrease in net assets from operations for H1 2026, including $2.47B in unrealized losses and $2.02B in realized losses on ether sold for redemptions.

• NAV Per Share Down 46%

  The NAV per share fell from $22.46 to $12.02 in the first half of 2026, a 46.48% decline, closely tracking the drop in ether's price.

• Ether Holdings Shrink

  The Trust held 2,695,456 ether at quarter-end, down 22% from 3,467,229 at year-end 2025, reflecting both redemptions and sales to cover expenses.

auto_awesomeAnalysis · ETHA · Crypto Assets

The Trust's net assets fell by more than half in the first six months of 2026, driven by a 46% decline in ether's price and heavy share redemptions. The fund's NAV per share dropped to $12.02, reflecting the underlying asset's weakness. The report also highlights significant realized and unrealized losses totaling $4.5 billion, underscoring the severe impact of the crypto downturn on the ETF's value. This quarterly update provides the first detailed look at the Trust's financial health following the sharp ether sell-off, and it comes just two months before a planned 1-for-3 reverse stock split aimed at boosting the share price.