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Related Parties
 9 Months Ended
Sep. 30, 2025
Related Parties [Abstract]  
Related Parties
  6. Related Parties

 

The Sponsor is a related party to the Trust. The Trust’s operations are supported by its Sponsor, who is in turn supported by its parent company and affiliated companies and external service providers.

 

As of September 30, 2025, the Sponsor owned zero Shares of the Trust. On July 22, 2025 the Sponsor redeemed its Initial Seed Creation Basket of 20,000 Shares.

 

The Sponsor arranged for the creation of the Trust and is responsible for the ongoing registration of the Shares for their public offering in the United States and the listing of Shares on the Exchange.