VanEck Ethereum ETF Slips in Q2 with $25.8M Net Asset Decline

The VanEck Ethereum ETF reported a weak second quarter in 2026, with net assets from operations declining $25.8M. The decline was driven primarily by a sharp drop in the price of Ether and net redemptions that reduced the fund's scale and NAV per share.

NAV per share fell to $23.23 at June 30, 2026, down from $36.41 in the year-ago quarter, representing a 36.2% decline YoY.

The trust holdings are primarily Ether (ETH), and the price of ETH fell to $1,589.53 on 6/30/26 from $2,971.01 at 12/31/25, driving performance.