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Note 8 - Financial Highlights

12 Months Ended

Dec. 31, 2025

8 - Financial Highlights

The following financial highlights relate to investment performance and operations for a Share outstanding for the years ended December 31, 2025, 2024 and 2023.

	December 31,
	2025			2024			2023
Net asset value per Share, beginning of year	$	26.33		$	21.78		$	22.03

Net investment loss(a)		(0.18	)		(0.13	)		(0.11	)
Net realized and unrealized gain (loss)(b)		39.12			4.68			(0.14	)
Net increase (decrease) in net assets from operations		38.94			4.55			(0.25	)
Net asset value per Share, end of year	$	65.27		$	26.33		$	21.78

Total return, at net asset value(c)		147.89	%		20.89	%		(1.13	)%

Ratio to average net assets:
Net investment loss		(0.50	)%		(0.50	)%		(0.50	)%
Expenses		0.50	%		0.50	%		0.50	%

(a)	Based on average Shares outstanding during the year.
(b)	The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment.
(c)	Based on the change in net asset value of a Share during the year.