Related Parties |
6 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 | ||||
| Related Parties [Abstract] | ||||
| 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 June 30, 2026 and December 31, 2025, the Sponsor owned Shares of the Trust.
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.
For the six months ended June 30, 2026, the Trust engaged in digital asset trading activity with FalconX Bravo, Inc. (“FalconX Bravo”), a registered swap dealer and a subsidiary of FalconX, which became an affiliated entity in November 2025, consisting of purchases in the amount of $33,282,498 and sales of $10,978,762, respectively.
For the three months ended June 30, 2026, the Trust engaged in digital asset trading activity with FalconX Bravo, consisting of purchases in the amount of $25,672,132 and sales of $0, respectively. |