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FINANCIAL HIGHLIGHTS
 12 Months Ended
Dec. 31, 2025
Investment Company [Abstract]  
FINANCIAL HIGHLIGHTS

 

11.FINANCIAL HIGHLIGHTS

 

The Trust is presenting the following NAV and financial highlights related to investment performance for a Share outstanding for the years ended December 31, 2025 and 2024. An individual investor’s return and ratios may vary based on the timing of capital transactions.

 

Selected data for a share of beneficial interest outstanding throughout each period is presented below:

          
   For the Year Ended
December 31, 2025		   For the Year Ended
December 31, 2024		 
Net asset value, beginning of period  $99.04   $50.00 
Investment operations:          
Net investment loss   (0.27)   (0.15)
Net realized and unrealized gain (loss)   (6.26)   49.19 
Total from investment operations   (6.53)   49.04 
Net asset value, end of period  $92.51   $99.04 
TOTAL RETURN1   (6.59)%   98.08%
RATIOS/SUPPLEMENTAL DATA:          
Net assets, end of period (000’s omitted)  $139,687   $360,517 
Ratios to average net assets of:          
Expenses, net of expense waivers   0.25%   0.20%2 
Expenses, prior to expense waivers   0.25%   0.25%2 
Net investment loss   (0.25)%   (0.20)%2 

 

1Total return calculated for a period of less than one year is not annualized. For the period in which the Sponsor waived its fee, the total return would have been lower if such fee had not been waived (Note 3).

 

2Annualized.