Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

6.14

$

9.21

$

9.09

$

14.33

Net decrease in net assets from investment operations:

Net investment income (loss)

0.07

(0.07

)

0.17

(0.15

)

Net realized and unrealized (loss) gain

(0.67

)

2.39

(3.72

)

(2.65

)

Net decrease in net assets resulting from operations

(0.60

)

2.32

(3.55

)

(2.80

)

Principal Market NAV, end of period

$

5.54

$

11.53

$

5.54

$

11.53

Total return

-9.77

%

25.19

%

-39.05

%

-19.54

%

Ratios to average net assets:

Net investment income (loss)

4.49

%

-2.50

%

5.14

%

-2.50

%

Sponsor's Fee

-0.34

%

-2.50

%

-0.34

%

-2.50

%

Sponsor's Staking Fee

-1.18

%

0.00

%

-0.93

%

0.00

%

Gross expenses

-1.52

%

-2.50

%

-1.27

%

-2.50

%

Sponsor's Fee Waiver

0.00

%

0.00

%

0.10

%

0.00

%

Net expenses

-1.52

%

-2.50

%

-1.17

%

-2.50

%