Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

19.86

$

17.21

$

28.06

$

31.48

Net (decrease) increase in net assets from investment operations:

Net investment income (loss)

0.08

(0.01

)

0.17

(0.01

)

Net realized and unrealized (loss) gain

(4.92

)

6.50

(13.21

)

(7.77

)

Net (decrease) increase in net assets resulting from operations

(4.84

)

6.49

(13.04

)

(7.78

)

Principal Market NAV, end of period

$

15.02

$

23.70

$

15.02

$

23.70

Total return

-24.37

%

37.71

%

-46.47

%

-24.71

%

Ratios to average net assets:

Net investment (loss) income

1.67

%

-0.15

%

1.62

%

-0.13

%

Sponsor's Fee

-0.15

%

-0.15

%

-0.15

%

-0.15

%

Sponsor's Staking Fee

-0.06

%

0.00

%

-0.06

%

0.00

%

Gross expenses

-0.21

%

-0.15

%

-0.21

%

-0.15

%

Sponsor's Fee Waiver

0.00

%

0.00

%

0.00

%

0.02

%

Net expenses

-0.21

%

-0.15

%

-0.21

%

-0.13

%