Related Party Transactions |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 5 – RELATED PARTY TRANSACTIONS The Sponsor is responsible for the management of the Trust. In consideration of the Sponsor’s services related to the management of the Trust, the Trust pays an annual management fee equal to 0.90% of the Trust’s average daily net assets. The fee is computed daily and paid monthly in arrears. The management fee to the Sponsor covers all routine operational, administrative, and other ordinary expenses of the Trust, including but not limited to, fees and expenses of the Administrator, Trustee, Custodians, Transfer Agent, licensors, accounting and audit fees and expenses, tax preparation expenses, ongoing SEC registration fees, report preparation and mailing expenses, and ordinary legal fees and expenses, but does not cover brokerage commissions and other transaction costs; interest and borrowing expenses; taxes or governmental fees; and nonrecurring and extraordinary expenses. The Sponsor has contractually agreed to waive 0.15% of the Trust’s annual management fee until May 31, 2027, for a net annual management fee equal to 0.75% of the Trust’s average daily net assets. The annual management fee waiver will automatically terminate on May 31, 2027, and may only be extended at the sole discretion of the Sponsor. Fees waived under this agreement are not subject to recoupment to the Sponsor by the Trust. As the Trust had not commenced operations, no management fee was charged by the Sponsor during the three-month period ended June 30, 2026. All costs related to organization and offering of the Trust were borne by the Sponsor and will not be reimbursed by the Trust. The Sponsor delegates administrative services and day-to-day management of the Trust to Price Associates, including tax and accounting services (including valuing the Trust’s crypto assets and calculating the NAV per share of the Trust), and preparation of certain regulatory and financial reports. No compensation for any administrative services provided is paid to Price Associates by the Trust. The Distributor is registered as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). Pursuant to an underwriting agreement, no compensation for any distribution services provided is paid to the Distributor by the Trust. The Sponsor, Administrator, and Distributor are affiliates of each other and each is considered a related party to the Trust. The Sponsor, Administrator and Distributor are each subsidiaries of Price Group which is also considered a related party to the Trust. Fees and expenses payable to the Administrator and/or Distributor, if any, are paid only through the Sponsor’s fee. As of June 30, 2026, the Sponsor and Price Associates, each owned 400 shares of the Trust which in aggregate represented 100% of the Trust’s net assets. |