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Euro Deposits
3 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
Euro Deposits

Note 4 – Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of March 31, 2024 was an annual nominal rate of 2.70%. For the three months ended March 31, 2024, there were euro principal deposits of 18,453,002 and euro principal redemptions of 32,292,264 resulting in an ending euro principal balance of 184,527,225. This equates to 199,288,526 USD. For the year ended December 31, 2023, there were euro principal deposits of 143,007,863, euro principal redemptions of 212,205,189 resulting in an ending euro principal balance of 198,364,675. This equates to 219,125,708 USD (which includes USD subscriptions receivable).

Net interest, if any, associated with creation and redemption activity is held in a euro-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.