v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets [Abstract]  
Schedule of Goodwill which is Tested Annually for Impairment

The table below sets forth goodwill which is tested annually for impairment on November 30th:

    Total
Balance at January 1, 2026     $ 228,624  
Changes       —  
Balance at March 31, 2026     $ 228,624  
Schedule of Intangible Assets which are Tested Annually for Impairment

The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30th:

    Balance at March 31, 2026
Item   Gross Asset   Accumulated
Amortization		   Net Asset
ETFS Acquisition   $ 601,247     $ —     $ 601,247  
Ceres intangible assets     143,500       (2,870 )     140,630  
Software development     10,803       (4,726 )     6,077  
Balance at March 31, 2026   $ 755,550     $ (7,596 )   $ 747,954  

    Balance at December 31, 2025
Item   Gross Asset   Accumulated
Amortization		   Net Asset
ETFS Acquisition   $ 601,247     $ —     $ 601,247  
Ceres intangible assets     143,500       (1,435 )     142,065  
Software development     9,823       (4,178 )     5,645  
Balance at December 31, 2025   $ 754,570     $ (5,613 )   $ 748,957  
Schedule of Expected Amortization Expense for the Unamortized Finite-Lived Intangible Assets

As of March 31, 2026, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

2026     $ 4,305  
2027       5,740  
2028       5,740  
2029       5,740  
2030       5,740  
2031 and beyond       113,365  
Total expected amortization expense     $ 140,630  

As of March 31, 2026, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

Remainder of 2026     $ 2,470  
2027       1,963  
2028       1,339  
2029 and thereafter       305  
Total expected amortization expense     $ 6,077