XML 35 R22.htm IDEA: XBRL DOCUMENT v3.25.4
Financial Highlights
 12 Months Ended
Dec. 31, 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 years ended December 31, 2025, and the period from January 10, 2024 (the initial share purchase date), through December 31, 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

 

The following financial highlights relate to investment performance and operations for a Share outstanding for the year ended December 31, 2025, and the period January 10, 2024 (initial share purchase date), through December 31, 2024.

 

  Year Ended
December 31, 2025		     Period Ended
December 31, 2024		  
Net Asset Value          
  Net Asset Value per Share, beginning of period   $ 26.43     $ 13.00  
  Net investment income (loss)     (0.07 )     (0.04 )
  Net realized and change in unrealized Gain (loss)     (1.62 )     13.47  
  Net income (loss)     (1.69 )     13.43  
  Net asset value per Share, end of period   $ 24.74     $ 26.43  
  Market Value per Share, beginning of period   $ 26.45     $ 13.00  
  Market Value per Share, end of period   $ 24.73     $ 26.45  
Ratio to average net assets                
  Net investment income (loss)     (0.25 )%     (0.22 )%(1)
  Gross expenses     0.25 %     0.25 %(1)
  Net expenses     0.25 %     0.22 %(1)(3)
  Total return, at net asset value     (6.39 )%     103.31 %(2)
  Total return, at market value     (6.50 )%     103.46 %(2)

  (1)  Annualized
  (2)  Not annualized
  (3)  Includes voluntary reimbursement of sponsor fees of 0.03%