XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.3
Financial Highlights
 9 Months Ended
Sep. 30, 2025
Investment Company [Abstract]  
Financial Highlights

10. Financial Highlights

 

The Trust is presenting the following financial highlights related to investment performance and operations of a Share outstanding for the three and nine months ended September 30, 2025, the three months ended September 30, 2024, and the period from January 10, 2024 (the initial share purchase date) through September 30, 2024. The total return at NAV is based on the change in NAV of a Share during the period and the total return at market value is based on the change in market value of a Share on the Nasdaq Stock Market, LLC during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions.

 

Financial Highlights (Unaudited)

 

For the three and nine months ended September 30, 2025, the three months ended September 30, 2024 and the period January 10, 2024 through September 30, 2024:

 

   Three Months Ended
September 30, 2025
(unaudited)		   Three Months Ended
September 30, 2024 (unaudited)		   Nine Months Ended
September 30, 2025 (unaudited)		   Period Ended
September 30, 2024 (unaudited)		 
Net Asset Value                    
Net Asset Value per Share, beginning of period  $30.22   $17.54   $26.43   $13.00 
Net investment income (loss)   (0.02)   (0.01)   (0.05)   (0.03)
Net realized and change in unrealized Gain (loss)   2.11    0.43    5.93    4.99 
Net income (loss)   2.09    0.42    5.88    4.96 
Net asset value per Share, end of period  $32.31   $17.96   $32.31   $17.96 
Market Value per Share, beginning of period  $30.47   $16.99   $26.45   $13.00 
Market Value per Share, end of period  $32.33   $17.98   $32.33   $17.98 
Ratio to average net assets                    
Net investment income (loss)(1)   (0.25)%   (0.25)%   (0.25)%   (0.20)%
Gross expenses(1)   0.25%   0.25%   0.25%   0.25%
Net expenses(1)(3)   0.25%   0.25%   0.25%   0.20%
Total return, at net asset value(2)   6.92%   2.39%   22.25%   38.15%
Total return, at market value(2)   6.10%   5.83%   22.23%   38.31%

(1)Annualized
(2)Not annualized
(3)Includes voluntary reimbursement of sponsor fees of 0.05% for the period ended September 30, 2024