Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

17.05

$

15.23

$

24.38

$

28.01

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

Net investment loss

(0.04

)

(0.11

)

(0.08

)

(0.25

)

Net realized and unrealized (loss) gain

(4.24

)

5.72

(11.53

)

(6.92

)

Net (decrease) increase in net assets resulting from operations

(4.28

)

5.61

(11.61

)

(7.17

)

Principal Market NAV, end of period

$

12.77

$

20.84

$

12.77

$

20.84

Total return

-25.10

%

36.84

%

-47.62

%

-25.60

%

Ratios to average net assets:

Net investment loss

-0.91

%

-2.50

%

-0.90

%

-2.50

%

Sponsor's Fee

-2.50

%

-2.50

%

-2.50

%

-2.50

%

Sponsor's Staking Fee

-0.41

%

0.00

%

-0.41

%

0.00

%

Net expenses

-2.91

%

-2.50

%

-2.91

%

-2.50

%