STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Investment income:
Investment income	$ 0	$ 0	$ 0	$ 0
Expenses:
Sponsor's Fee, related party	1,063	101	1,783	197
Net investment loss	(1,063)	(101)	(1,783)	(197)
Net realized and unrealized gain (loss) from:
Net realized gain (loss) on investment in ZEC	767	(200)	1,192	(402)
Net change in unrealized appreciation/depreciation on investment in ZEC	56,102	576	(44,598)	(6,308)
Net realized and unrealized gain (loss) on investment	56,869	376	(43,406)	(6,710)
Net increase (decrease) in net assets resulting from operations	$ 55,806	$ 275	$ (45,189)	$ (6,907)

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