|
The following financial highlights relate to investment performance and operations for a Share outstanding for the three and six months ended June 30, 2025 and 2024.
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|
Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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|
2025 |
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|
2024 |
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|
2025 |
|
|
2024 |
|
| Net asset value per Share, beginning of period |
|
$ |
47.14 |
|
|
$ |
40.21 |
|
|
$ |
53.09 |
|
|
$ |
25.00 |
|
| Net investment loss(a) |
|
|
(0.03 |
) |
|
|
(0.02 |
) |
|
|
(0.07 |
) |
|
|
(0.04 |
) |
| Net realized and unrealized gain (loss)(b) |
|
|
13.78 |
|
|
|
(4.12 |
) |
|
|
7.87 |
|
|
|
11.11 |
|
| Net increase (decrease) in net assets from operations |
|
|
13.75 |
|
|
|
(4.14 |
) |
|
|
7.80 |
|
|
|
11.07 |
|
| Net asset value per Share, end of period |
|
$ |
60.89 |
|
|
$ |
36.07 |
|
|
$ |
60.89 |
|
|
$ |
36.07 |
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|
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|
|
| Total return, at net asset value(c)(d) |
|
|
29.17 |
% |
|
|
(10.30 |
)% |
|
|
14.69 |
% |
|
|
37.20 |
%(e)(f) |
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| Ratio to average net assets: |
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|
| Net investment loss(g) |
|
|
(0.25 |
)% |
|
|
(0.21 |
)% |
|
|
(0.25 |
)% |
|
|
(0.21 |
)% |
| Total expenses(g) |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
0.25 |
% |
| Total expenses after fees waived(g) |
|
|
0.25 |
% |
|
|
0.21 |
% |
|
|
0.25 |
% |
|
|
0.21 |
% |
| (a) |
Based on average Shares outstanding during the period. |
| (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 period. |
| (d) |
Percentage is not annualized. |
| (e) |
For the period January 10, 2024 (Effective Date) to June 30, 2024. |
| (f) |
For the period January 1, 2024 to June 30, 2024, the Trust’s total return was 44.28%. |
| (g) |
Percentage is annualized. |
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