(Amounts in thousands, except ZEC amounts)

Quantity

Fair Value

Balance at December 31, 2024

392,723.58934327

$

22,040

ZEC contributed

9,178.18388146

442

ZEC distributed for expenses

(7,351.42456445

)

(305

)

Net realized loss

-

(595

)

Net change in unrealized appreciation/depreciation

-

8,175

Balance at September 30, 2025

394,550.34866028

$

29,757

(Amounts in thousands, except ZEC amounts)

Quantity

Fair Value

Balance at December 31, 2025

393,522.33134026

$

200,441

ZEC contributed

269,101.61393657

318,229

ZEC redeemed

(37,338.38722281

)

(50,475

)

ZEC distributed for expenses

(7,642.40556977

)

(4,176

)

Net realized gain

-

33,953

Net change in unrealized appreciation/depreciation

-

377,648

Balance at September 30, 2026

617,643.15248425

$

875,620