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1981975 0 1981975 0 -373287 3060911 5313499 4044659 17024864 7586042 17024864 7586042 4000 4000 25 25 100000 100000 100000 100000 2 2 100000 100000 11.06240875 11.06240875 61.7774073 61.7774073 22.1248175 22.1248175 123.5548146 123.5548146 22.1248175 22.1248175 97227.8 97227.8 123.5548146 123.5548146 2665.23 2665.23 2480449.33 2480449.33 22.1248175 22.1248175 123.5548146 123.5548146 100000 24.8 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 1. </div> <div> <span style="text-decoration: underline;"><span style="font-size: 9pt;">ORGANIZATION</span></span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> <span style="color: rgb(0, 0, 0);">The Franklin Crypto Trust (the “Trust”) was formed as a Delaware statutory trust on August 13, 2024, and is governed by the provisions of the Second Amended and Restated Agreement and Declaration of Trust dated as of February 4, 2025 (the “Declaration of Trust”). The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The accompanying financial statements relate to the Trust, as registrant, and the one series that it currently offers, the Franklin Crypto Index ETF (the “Fund”) presented on a combined basis. Separate, series-level financial statements are provided for the Fund in another section of this report. The Trust had no operations prior to the Fund’s launch, other than matters relating to its organization and the registration of the Fund under the Securities Act of 1933, as amended (the “Securities Act”). The Sponsor of the Trust and the Fund (the “Sponsor”) is Franklin Holdings, LLC. The Sponsor is a Delaware limited liability company formed on July 21, 2021. The Sponsor is not subject to regulation by the U.S. Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator or a commodity trading advisor with respect to the Fund. The Fund issues Shares (the “Shares”), which represent units of fractional undivided beneficial interest in and ownership of the Fund. The Shares of the Fund are listed on the Cboe BZX Exchange, Inc. (“Cboe BZX Exchange” or the “Exchange”).</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Fund generally seeks to reflect the price of the digital assets included in the CF Institutional Digital Asset Index – US–Settlement Price (the “Underlying Index”). As of September 30, 2026, the Underlying Index’s only constituent Digital Assets are Bitcoin (“BTC”), Ether (“ETH”), XRP, Solana (“SOL”), Dogecoin (“DOGE”), Cardano (“ADA”), and Stellar Lumens (“XLM”) (collectively, the “Digital Assets”). The Fund’s investment objective is to seek to provide investment results that closely correspond, before Fund expenses and liabilities, to the performance of the Underlying Index. The Fund seeks to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index. Because the Fund’s investment objective is to seek to track the price of the Underlying Index, changes in the price of the Shares may vary from changes in the underlying Digital Assets’ prices. The Fund is a passive investment vehicle and is not a leveraged product. The Sponsor, using a “passive” or indexing investment approach, seeks to provide investment results that closely correspond, before Fund expenses and liabilities, to the performance of the Underlying Index.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Bank of New York Mellon (“BNYM”) serves as the Fund’s Administrator, Transfer Agent and the Cash Custodian. The Administrator is generally responsible for the day-to-day administration of the Fund, including the calculation of the Fund’s net asset value (“NAV”) per Share. The Digital Asset Custodian is responsible for safekeeping the Digital Assets owned by the Fund. The Digital Asset Custodian is Coinbase Custody Trust Company, LLC (“Coinbase Custody”). Coinbase Inc., an affiliate of the Digital Asset Custodian, is the Fund’s Prime Broker. CSC Delaware Trust Company, a subsidiary of the Corporation Service Company (the “Trustee”), is the sole trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Fund (the “Marketing Agent”).</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Fund issues and redeems Shares only to certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”). Creation Units are directly redeemable only by Authorized Participants. Creation Units are issued and redeemed in exchange for Digital Assets and/or cash. The Shares are listed and traded on the Exchange under the ticker symbol “EZPZ.” The market price of the Shares may be different than the Fund’s NAV per Share. The Fund issues and redeems Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation or redemption order date. Except when aggregated in Creation Units, the Shares are not redeemable securities.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Trust, as registrant with respect to the Fund, is an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act, subject to reduced public company reporting requirements.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> <div>  </div> <div> The accompanying Combined Statements of Assets and Liabilities and Combined Schedules of Investments at September 30, 2026 and December 31, 2025 and the Combined Statements of Operations, Combined Statements of Cash Flows, and Combined Statements of Changes in Net Assets for the three months ended September 30, 2026 and September 30, 2025, the nine months ended September 30, 2026 and for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025, have been prepared on behalf of the Trust, as registrant, combined with its one currently offered series, the Fund, and for the Fund separately (included below in a separate section of this report), and are unaudited. In the opinion of management of the Sponsor of the Trust, all adjustments (which include only normal recurring adjustments) necessary to state fairly the financial position and results of operations for all periods stated have been made. In addition, interim period results are not necessarily indicative of results for a full‑year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s and the Fund's financial statements included in the Annual Report on Form 10‑K for the fiscal year ended December 31, 2025. </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The fiscal year end of the Trust and the Fund is December 31.</span> </div> 50000 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2. </div> <div> <span style="text-decoration: underline;">SIGNIFICANT ACCOUNTING POLICIES</span> </div> </div><div> </div> <div><span style="color: rgb(0, 0, 0);">In preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management of the Sponsor makes estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amount of revenue and expenses reported during the period. Actual results could differ from these estimates.</span> </div><div> <span style="color: rgb(0, 0, 0);">The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The following is a summary of significant accounting policies followed by the Trust and the Fund.</span></div> <div> </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.1. </div> <div> <span style="text-decoration: underline;">Basis of Presentation</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> <span style="color: rgb(0, 0, 0);">The Sponsor has determined that the Trust and the Fund fall within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946.</span> </div><div> </div><div> The accompanying financial statements are presented for the Trust, as the registrant, combined with the Fund. Individual, series-level financial statements for the Fund are presented separately within this report. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the combined financial statements relate to the Trust, as the registrant, combined with the Fund. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. </div><div> </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.2. </div> <div> <span style="text-decoration: underline;">Calculation of NAV and NAV per Share</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> <span style="color: rgb(0, 0, 0);">The Sponsor has the exclusive authority to determine the Fund’s net asset value (“NAV”). The Sponsor has delegated to the Administrator the responsibility to calculate the NAV of the Fund, based on a pricing source selected by the Sponsor. In determining the Fund's NAV, the Administrator values the Digital Assets held by the Fund based on the CF Reference Rates (defined below), unless the Sponsor in its sole discretion determines that such reference rates are unreliable. The Underlying Index values its Digital Assets based on the value of each applicable Digital Asset as measured by the corresponding CME CF Reference Rate–New York Variant for the U.S. Dollar trading pair (each a “CF Reference Rate”, and together, the “CF Reference Rates”), each of which are produced by the Index Provider. The CF Reference Rates shall constitute the primary Digital Asset pricing sources for the Underlying Index, unless one or more of the CF Reference Rates are not available or the Sponsor in its sole discretion determines one or more of the CF Reference Rates unreliable as a pricing source for the Fund and therefore determines not to use the CF Reference Rates to value the Digital Assets held by the Fund. If the CF Reference Rates are not available or the Sponsor determines, in its sole discretion, that one or more of the CF Reference Rates are unreliable (together a “Fair Value Event”), the Fund's holdings may be fair valued by the Sponsor. Additionally, the Administrator will monitor for unusual prices, and escalate to the Sponsor if detected. The Digital Assets included in the Underlying Index are weighted based on their free float market capitalization as determined by the Index Provider.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div> <div>  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">76.58</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">12.69</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">XRP</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">5.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Solana-SOL</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">3.75</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Dogecoin-DOGE</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.76</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Cardano-ADA</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.53</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Stellar Lumens-XLM</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.34</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div> <div>  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">83.408</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">16.592</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table><div> </div> <div> <span style="color: rgb(0, 0, 0);">On each Business Day, as soon as practicable after 4:00 p.m. Eastern Time (“ET”), the Administrator evaluates the Digital Assets held by the Fund as reflected by the CF Reference Rates and determines the NAV of the Fund. For purposes of making these calculations, a Business Day means any day other than a day when the Cboe BZX Exchange is closed for regular trading. The Trust’s periodic financial statements may not utilize this NAV of the Fund to the extent the methodology used to calculate the Underlying Index is deemed not to be consistent with GAAP.</span> </div> <div>  </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.3. </div> <div> <span style="text-decoration: underline;">Valuation of Digital Assets</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> <span style="color: rgb(0, 0, 0);">The Trust’s and the Fund’s financial statements are prepared in accordance with GAAP for interim financial information. The Trust determines the fair value of Digital Assets based on the price provided by the Digital Assets market that the Trust considers its “Principal Market” as of 11:59:59PM ET on the valuation date. This fair value price is referred to as "Principal Market Price". With respect to the Fund’s Digital Asset holdings, the Trust follows the provisions of the Financial Accounting Standards Board Accounting Standards Codification Topic 820, “Fair Value Measurements and Disclosures” (“ASC Topic 820”) and utilizes an exchange-traded price from the Fund’s Principal Market (or in the absence of a Principal Market, the most advantageous market) for Digital Assets as of the Fund’s financial statement measurement date.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are:</span> </div><div> <span style="color: rgb(0, 0, 0);">Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities;</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">Level 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">On September 30, 2026 and December 31, 2025, the values of the Digital Assets held by the Fund were categorized as Level 1.</span> </div> <div style="text-indent: -36pt; padding-left: 72pt;">  </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.4. </div> <div> <span style="text-decoration: underline;">Fees, Expenses, and Realized Gains (Losses)</span> </div> </div><div> </div><div> The Fund’s only ordinary recurring expense is the Sponsor’s fee. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Marketing Agent, the Custodians (the Cash Custodian and Digital Asset Custodian, collectively) and the Trustee, Cboe BZX Exchange listing fees, Index Provider Fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, tax reporting fees, audit fees, license fees and expenses, and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor paid the costs of the Trust's and the Fund’s organization and the initial offering costs and may not seek reimbursement of such costs. Digital Assets transactions are accounted for on a trade date basis. Realized gains or losses from the sale or disposition of Digital Assets are determined on a specific identification basis and recognized in the Combined Statements of Operations in the period in which the sale or disposition occurs. </div> <div>  </div> <div> The Sponsor’s fee, which is compensation for the Sponsor's services rendered to the Fund, is calculated and accrued daily at an annualized rate equal to 0.19% (i.e., 0.19%/365 days) of the net asset value of the Fund and is payable at least quarterly in arrears in U.S. dollars. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of the Sponsor’s fee for stated periods of time. The Sponsor is under no obligation to waive any portion of its fees and any such waiver shall create no obligation to waive any such fees during any period not covered by the waiver. </div> <div>  </div> <div> The Fund will sell Digital Assets as needed to pay the Sponsor’s<span style="color: rgb(229, 33, 56);"> </span>fee and will buy and sell Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index (including, in the case of a rebalancing, trading one or more Digital Assets for other Digital Assets). The Fund bears transaction costs, including any Digital Asset network fees or other similar transaction fees, in connection with any sales of Digital Assets necessary to pay the Sponsor’s fee, as well as other Fund expenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor are specified above), or in connection with any purchases or sales of Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index. Any Digital Asset network fees and similar transaction fees incurred in connection with the creation or redemption of Creation Units are borne by the Authorized Participant. </div> <div>  </div> <div> For the period from February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. For the quarter ended September 30, 2026, the Fund accrued the Sponsor’s fee of $7,243 <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">and nine months ended September 30, 2026, the Fund accrued the Sponsor’s fee of $17,192.</span> </div><div>  </div> <div> The Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund will be responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. In addition, the Fund may incur certain other non-recurring expenses that are not assumed by the Sponsor (expenses assumed by the Sponsor are described above), including but not limited to, taxes and governmental charges, any applicable brokerage commissions, Digital Asset network fees and similar transaction fees that qualify as extraordinary or non-routine expenses as described above, financing fees, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Fund to protect the Fund or the interests of Shareholders (including, for example, in connection with any fork of the Digital Asset blockchain, any Incidental Rights and any IR Virtual Currency); any indemnification of the Cash Custodian, Digital Asset Custodian, Prime Broker, Administrator or other agents, service providers or counterparties of the Trust or the Fund and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters or legal expenses in excess of $500,000 per year. The Sponsor may determine in its sole discretion to assume legal fees and expenses of the Fund in excess of the $500,000 per annum stipulated in the Sponsor Agreement. There are no set circumstances in which the Sponsor has determined to assume legal fees and expenses in excess of the amount stipulated in the Sponsor Agreement, but such expenses may be assumed by the Sponsor, for example, to help the Fund achieve scale. To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Fund. Additionally, there is no cap on the aggregate amount of expenses that could be assumed by the Sponsor each year, except as otherwise described herein. The Trust’s and Fund’s organizational and offering costs are borne by the Sponsor and, as such, are the sole responsibility of the Sponsor. The Sponsor may not seek reimbursement or otherwise require the Fund, the Trust, the Trustee, or any Shareholder to assume any liability, duty or obligation in connection with any such organizational and offering costs. Because the Fund does not have any income, it will need to sell Digital Assets to cover the Sponsor’s fee and expenses not assumed by the Sponsor, if any. Fund expenses not assumed by the Sponsor shall accrue daily and be payable by the Fund to the Sponsor at least quarterly in arrears. The Fund may also be subject to other liabilities (for example, as a result of litigation) that have also not been assumed by the Sponsor. The only source of funds to cover those liabilities will be sales of Digital Assets held by the Fund. Even if there are no expenses other than those assumed by the Sponsor, and there are no other liabilities of the Fund, the Fund will still need to sell Digital Assets to pay the Sponsor’s fee. The result of these sales is a decrease in the amount of Digital Assets represented by each Share. </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">There have been no extraordinary or non-routine expenses during the periods presented.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">To cover the Sponsor’s fee and expenses not assumed by the Sponsor, the Sponsor or its delegate will cause the Fund to convert Digital Assets into U.S. dollars generally at the price available through the Prime Broker’s Coinbase Prime service (less applicable trading fees) through the Trading Platform which the Sponsor is able to obtain using commercially reasonable efforts. The number of Digital Assets represented by a Share will decline each time the Fund pays the Sponsor’s fee or any Fund expenses not assumed by the Sponsor by transferring or selling Digital Assets. The quantity of Digital Assets to be sold to permit payment of the Sponsor’s fee or Fund expenses not assumed by the Sponsor, will vary from time to time depending on the level of the Fund’s expenses and the value of Digital Assets held by the Fund.</span> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.5.</div> <div style="text-decoration: underline;"> Digital Assets Receivable and Payable </div> </div><div style="clear: both;">  </div><div> Digital assets receivable or payable represents the quantity of digital assets covered by contractually binding orders for the creation or redemption of Shares respectively, where the digital asset has not yet been transferred to or from the Fund's account. Generally, ownership of the Digital Assets is transferred within one business day of the trade date (referred to as "T+1"). </div><div>  </div><div style="text-indent: -40.5pt; padding-left: 76.5pt;"> <div style="float: left; width: 40.5pt; white-space: nowrap;"> 2.6. </div> <div> <span style="text-decoration: underline;">Income Taxes</span> </div> </div><div> </div><div> <span style="color: rgb(0, 0, 0);">The Trust is organized and operated as a statutory trust in accordance with the provisions of the Declaration of Trust and applicable Delaware law. The Fund is treated as a partnership for U.S. federal income tax purposes. The Fund does not record a provision for U.S. federal, U.S. state or local income taxes because the Shareholders report their share of the Fund’s income or loss on their income tax returns. The Fund files annual partnership returns, and each U.S. Shareholder is required to report on its U.S. federal income tax return its allocable share of the income, gain, loss, deductions and credits reflected on such partnership returns.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Fund is required to determine whether its tax positions are more likely than not to be sustained on examination by the applicable taxing authority, based on the technical merits of the position. Tax positions not deemed to meet a more likely than not threshold would be recorded as a tax expense in the current year. As of September 30, 2026 and December 31, 2025, the Trust and the Fund have determined that no provision for income taxes is required and no liability for unrecognized tax benefits has been recorded. However, the Trust’s and the Fund's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, U.S. state, and other tax laws of jurisdictions in which the Trust and the Fund operate; and changes in the administrative practices and precedents of the relevant authorities. The Fund is required to analyze all open tax years. Open tax years are those years that are open for examination by the relevant income taxing authority.</span> </div> <div style="margin-left: 72pt; clear: both;">  </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.7. </div> <div> <span style="text-decoration: underline;">Creation and Redemption of Shares</span> </div> </div><div> </div><div> <span style="color: rgb(0, 0, 0);">The Fund issues and redeems Creation Units on a continuous basis. Creation Units are issued or redeemed in exchange for an amount of Digital Assets and/or cash as determined by the Administrator on each day that Cboe BZX Exchange is open for regular trading.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">For creation transactions conducted in cash, the amount of cash required to be delivered to the Fund will equal the amount of cash needed to purchase the amount of Digital Assets represented by the Creation Unit(s) being created, as calculated by the Administrator, plus applicable fees, costs and adjustments. For redemption transactions conducted in cash, the Sponsor will arrange for the Digital Assets represented by the Creation Unit(s) being redeemed to be sold and the cash proceeds, after applicable fees, costs and adjustments, distributed. No Shares are issued until the corresponding amount of Digital Assets have been received in the Fund’s Trading Balance. Creation Units may be created or redeemed only by Authorized Participants, who pay (1) a transaction fee for each order to create or redeem Creation Units; (2) transfer, processing and other transaction costs charged by the Digital Asset Custodian in connection with the issuance or redemption of Creation Units for such order; and (3) any other expenses, taxes, charges or adjustments.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">Creation Units will be sold at a per-Share offering price that will vary depending on, among other things, the price of Digital Assets and the trading price of the Shares on the Cboe BZX Exchange, Inc. at the time of the offer. Shares offered at different times may have different offering prices. Prior to the commencement of the Fund’s investment operations on February 20, 2025, there was no public market for the Shares.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows:</span></div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows:</span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> Changes in the Shares for the <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">nine months</span> from January 1, 2026 to September 30, 2026 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,724,073</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,295,474</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows:</span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="width: 1%; text-align: left;"><span style="font-size: 9pt;"><span style="font-size: 10pt">^</span></span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-indent: -25.5pt; padding-left: 27pt;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">#</span> </div> <div> <span style="color: rgb(0, 0, 0);">Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption.</span> </div> </div> <div style="text-indent: -25.5pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">^</span> </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> </div> <span style="text-decoration: underline;">Basis of Presentation</span> <div> <span style="color: rgb(0, 0, 0);">The Sponsor has determined that the Trust and the Fund fall within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946.</span> </div><div> The accompanying financial statements are presented for the Trust, as the registrant, combined with the Fund. Individual, series-level financial statements for the Fund are presented separately within this report. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the combined financial statements relate to the Trust, as the registrant, combined with the Fund. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. </div> <span style="text-decoration: underline;">Calculation of NAV and NAV per Share</span> <div> <span style="color: rgb(0, 0, 0);">The Sponsor has the exclusive authority to determine the Fund’s net asset value (“NAV”). The Sponsor has delegated to the Administrator the responsibility to calculate the NAV of the Fund, based on a pricing source selected by the Sponsor. In determining the Fund's NAV, the Administrator values the Digital Assets held by the Fund based on the CF Reference Rates (defined below), unless the Sponsor in its sole discretion determines that such reference rates are unreliable. The Underlying Index values its Digital Assets based on the value of each applicable Digital Asset as measured by the corresponding CME CF Reference Rate–New York Variant for the U.S. Dollar trading pair (each a “CF Reference Rate”, and together, the “CF Reference Rates”), each of which are produced by the Index Provider. The CF Reference Rates shall constitute the primary Digital Asset pricing sources for the Underlying Index, unless one or more of the CF Reference Rates are not available or the Sponsor in its sole discretion determines one or more of the CF Reference Rates unreliable as a pricing source for the Fund and therefore determines not to use the CF Reference Rates to value the Digital Assets held by the Fund. If the CF Reference Rates are not available or the Sponsor determines, in its sole discretion, that one or more of the CF Reference Rates are unreliable (together a “Fair Value Event”), the Fund's holdings may be fair valued by the Sponsor. Additionally, the Administrator will monitor for unusual prices, and escalate to the Sponsor if detected. The Digital Assets included in the Underlying Index are weighted based on their free float market capitalization as determined by the Index Provider.</span> </div><div> <span style="color: rgb(0, 0, 0);">As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div><table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">76.58</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">12.69</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">XRP</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">5.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Solana-SOL</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">3.75</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Dogecoin-DOGE</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.76</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Cardano-ADA</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.53</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Stellar Lumens-XLM</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.34</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div><table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">83.408</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">16.592</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">On each Business Day, as soon as practicable after 4:00 p.m. Eastern Time (“ET”), the Administrator evaluates the Digital Assets held by the Fund as reflected by the CF Reference Rates and determines the NAV of the Fund. For purposes of making these calculations, a Business Day means any day other than a day when the Cboe BZX Exchange is closed for regular trading. The Trust’s periodic financial statements may not utilize this NAV of the Fund to the extent the methodology used to calculate the Underlying Index is deemed not to be consistent with GAAP.</span> </div> <div> <span style="color: rgb(0, 0, 0);">As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div> <div>  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">76.58</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">12.69</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">XRP</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">5.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Solana-SOL</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">3.75</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Dogecoin-DOGE</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.76</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Cardano-ADA</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.53</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Stellar Lumens-XLM</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">0.34</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows:</span> </div> <div>  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Constituent</span> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center;"> <span style="color: rgb(0, 0, 0); font-weight: bold; text-decoration: underline;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Bitcoin-BTC</span> </td> <td style="text-align: center; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">83.408</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> <tr style="vertical-align: top;"> <td style="text-align: center;"> <span style="color: rgb(0, 0, 0);">Ether-ETH</span> </td> <td style="text-align: center; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">16.592</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">%</td> </tr> </table> 0.7658 0.1269 0.0535 0.0375 0.0076 0.0053 0.0034 0.83408 0.16592 <span style="text-decoration: underline;">Valuation of Digital Assets</span> <div> <span style="color: rgb(0, 0, 0);">The Trust’s and the Fund’s financial statements are prepared in accordance with GAAP for interim financial information. The Trust determines the fair value of Digital Assets based on the price provided by the Digital Assets market that the Trust considers its “Principal Market” as of 11:59:59PM ET on the valuation date. This fair value price is referred to as "Principal Market Price". With respect to the Fund’s Digital Asset holdings, the Trust follows the provisions of the Financial Accounting Standards Board Accounting Standards Codification Topic 820, “Fair Value Measurements and Disclosures” (“ASC Topic 820”) and utilizes an exchange-traded price from the Fund’s Principal Market (or in the absence of a Principal Market, the most advantageous market) for Digital Assets as of the Fund’s financial statement measurement date.</span> </div><div> <span style="color: rgb(0, 0, 0);">ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are:</span> </div><div> <span style="color: rgb(0, 0, 0);">Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities;</span> </div><div> <span style="color: rgb(0, 0, 0);">Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and</span> </div><div> <span style="color: rgb(0, 0, 0);">Level 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments.</span> </div><div> <span style="color: rgb(0, 0, 0);">On September 30, 2026 and December 31, 2025, the values of the Digital Assets held by the Fund were categorized as Level 1.</span> </div> <span style="text-decoration: underline;">Fees, Expenses, and Realized Gains (Losses)</span> <div> The Fund’s only ordinary recurring expense is the Sponsor’s fee. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Marketing Agent, the Custodians (the Cash Custodian and Digital Asset Custodian, collectively) and the Trustee, Cboe BZX Exchange listing fees, Index Provider Fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, tax reporting fees, audit fees, license fees and expenses, and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor paid the costs of the Trust's and the Fund’s organization and the initial offering costs and may not seek reimbursement of such costs. Digital Assets transactions are accounted for on a trade date basis. Realized gains or losses from the sale or disposition of Digital Assets are determined on a specific identification basis and recognized in the Combined Statements of Operations in the period in which the sale or disposition occurs. </div><div> The Sponsor’s fee, which is compensation for the Sponsor's services rendered to the Fund, is calculated and accrued daily at an annualized rate equal to 0.19% (i.e., 0.19%/365 days) of the net asset value of the Fund and is payable at least quarterly in arrears in U.S. dollars. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of the Sponsor’s fee for stated periods of time. The Sponsor is under no obligation to waive any portion of its fees and any such waiver shall create no obligation to waive any such fees during any period not covered by the waiver. </div><div> The Fund will sell Digital Assets as needed to pay the Sponsor’s<span style="color: rgb(229, 33, 56);"> </span>fee and will buy and sell Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index (including, in the case of a rebalancing, trading one or more Digital Assets for other Digital Assets). The Fund bears transaction costs, including any Digital Asset network fees or other similar transaction fees, in connection with any sales of Digital Assets necessary to pay the Sponsor’s fee, as well as other Fund expenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor are specified above), or in connection with any purchases or sales of Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index. Any Digital Asset network fees and similar transaction fees incurred in connection with the creation or redemption of Creation Units are borne by the Authorized Participant. </div><div> For the period from February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. For the quarter ended September 30, 2026, the Fund accrued the Sponsor’s fee of $7,243 <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">and nine months ended September 30, 2026, the Fund accrued the Sponsor’s fee of $17,192.</span> </div><div> The Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund will be responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. In addition, the Fund may incur certain other non-recurring expenses that are not assumed by the Sponsor (expenses assumed by the Sponsor are described above), including but not limited to, taxes and governmental charges, any applicable brokerage commissions, Digital Asset network fees and similar transaction fees that qualify as extraordinary or non-routine expenses as described above, financing fees, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Fund to protect the Fund or the interests of Shareholders (including, for example, in connection with any fork of the Digital Asset blockchain, any Incidental Rights and any IR Virtual Currency); any indemnification of the Cash Custodian, Digital Asset Custodian, Prime Broker, Administrator or other agents, service providers or counterparties of the Trust or the Fund and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters or legal expenses in excess of $500,000 per year. The Sponsor may determine in its sole discretion to assume legal fees and expenses of the Fund in excess of the $500,000 per annum stipulated in the Sponsor Agreement. There are no set circumstances in which the Sponsor has determined to assume legal fees and expenses in excess of the amount stipulated in the Sponsor Agreement, but such expenses may be assumed by the Sponsor, for example, to help the Fund achieve scale. To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Fund. Additionally, there is no cap on the aggregate amount of expenses that could be assumed by the Sponsor each year, except as otherwise described herein. The Trust’s and Fund’s organizational and offering costs are borne by the Sponsor and, as such, are the sole responsibility of the Sponsor. The Sponsor may not seek reimbursement or otherwise require the Fund, the Trust, the Trustee, or any Shareholder to assume any liability, duty or obligation in connection with any such organizational and offering costs. Because the Fund does not have any income, it will need to sell Digital Assets to cover the Sponsor’s fee and expenses not assumed by the Sponsor, if any. Fund expenses not assumed by the Sponsor shall accrue daily and be payable by the Fund to the Sponsor at least quarterly in arrears. The Fund may also be subject to other liabilities (for example, as a result of litigation) that have also not been assumed by the Sponsor. The only source of funds to cover those liabilities will be sales of Digital Assets held by the Fund. Even if there are no expenses other than those assumed by the Sponsor, and there are no other liabilities of the Fund, the Fund will still need to sell Digital Assets to pay the Sponsor’s fee. The result of these sales is a decrease in the amount of Digital Assets represented by each Share. </div><div> <span style="color: rgb(0, 0, 0);">There have been no extraordinary or non-routine expenses during the periods presented.</span> </div><div> <span style="color: rgb(0, 0, 0);">To cover the Sponsor’s fee and expenses not assumed by the Sponsor, the Sponsor or its delegate will cause the Fund to convert Digital Assets into U.S. dollars generally at the price available through the Prime Broker’s Coinbase Prime service (less applicable trading fees) through the Trading Platform which the Sponsor is able to obtain using commercially reasonable efforts. The number of Digital Assets represented by a Share will decline each time the Fund pays the Sponsor’s fee or any Fund expenses not assumed by the Sponsor by transferring or selling Digital Assets. The quantity of Digital Assets to be sold to permit payment of the Sponsor’s fee or Fund expenses not assumed by the Sponsor, will vary from time to time depending on the level of the Fund’s expenses and the value of Digital Assets held by the Fund.</span> </div> 500000 0.0019 0.0019 10000000000 7243 17192 500000 500000 0 0 0 0 Digital Assets Receivable and Payable <div> Digital assets receivable or payable represents the quantity of digital assets covered by contractually binding orders for the creation or redemption of Shares respectively, where the digital asset has not yet been transferred to or from the Fund's account. Generally, ownership of the Digital Assets is transferred within one business day of the trade date (referred to as "T+1"). </div> P1D <span style="text-decoration: underline;">Income Taxes</span> <div> <span style="color: rgb(0, 0, 0);">The Trust is organized and operated as a statutory trust in accordance with the provisions of the Declaration of Trust and applicable Delaware law. The Fund is treated as a partnership for U.S. federal income tax purposes. The Fund does not record a provision for U.S. federal, U.S. state or local income taxes because the Shareholders report their share of the Fund’s income or loss on their income tax returns. The Fund files annual partnership returns, and each U.S. Shareholder is required to report on its U.S. federal income tax return its allocable share of the income, gain, loss, deductions and credits reflected on such partnership returns.</span> </div><div> <span style="color: rgb(0, 0, 0);">The Fund is required to determine whether its tax positions are more likely than not to be sustained on examination by the applicable taxing authority, based on the technical merits of the position. Tax positions not deemed to meet a more likely than not threshold would be recorded as a tax expense in the current year. As of September 30, 2026 and December 31, 2025, the Trust and the Fund have determined that no provision for income taxes is required and no liability for unrecognized tax benefits has been recorded. However, the Trust’s and the Fund's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, U.S. state, and other tax laws of jurisdictions in which the Trust and the Fund operate; and changes in the administrative practices and precedents of the relevant authorities. The Fund is required to analyze all open tax years. Open tax years are those years that are open for examination by the relevant income taxing authority.</span> </div> 0 0 0 0 <span style="text-decoration: underline;">Creation and Redemption of Shares</span> <div> <span style="color: rgb(0, 0, 0);">The Fund issues and redeems Creation Units on a continuous basis. Creation Units are issued or redeemed in exchange for an amount of Digital Assets and/or cash as determined by the Administrator on each day that Cboe BZX Exchange is open for regular trading.</span> </div><div> <span style="color: rgb(0, 0, 0);">For creation transactions conducted in cash, the amount of cash required to be delivered to the Fund will equal the amount of cash needed to purchase the amount of Digital Assets represented by the Creation Unit(s) being created, as calculated by the Administrator, plus applicable fees, costs and adjustments. For redemption transactions conducted in cash, the Sponsor will arrange for the Digital Assets represented by the Creation Unit(s) being redeemed to be sold and the cash proceeds, after applicable fees, costs and adjustments, distributed. No Shares are issued until the corresponding amount of Digital Assets have been received in the Fund’s Trading Balance. Creation Units may be created or redeemed only by Authorized Participants, who pay (1) a transaction fee for each order to create or redeem Creation Units; (2) transfer, processing and other transaction costs charged by the Digital Asset Custodian in connection with the issuance or redemption of Creation Units for such order; and (3) any other expenses, taxes, charges or adjustments.</span> </div><div> <span style="color: rgb(0, 0, 0);">Creation Units will be sold at a per-Share offering price that will vary depending on, among other things, the price of Digital Assets and the trading price of the Shares on the Cboe BZX Exchange, Inc. at the time of the offer. Shares offered at different times may have different offering prices. Prior to the commencement of the Fund’s investment operations on February 20, 2025, there was no public market for the Shares.</span> </div><div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows:</span></div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows:</span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div> Changes in the Shares for the <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">nine months</span> from January 1, 2026 to September 30, 2026 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,724,073</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,295,474</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows:</span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="width: 1%; text-align: left;"><span style="font-size: 9pt;"><span style="font-size: 10pt">^</span></span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-indent: -25.5pt; padding-left: 27pt;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">#</span> </div> <div> <span style="color: rgb(0, 0, 0);">Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption.</span> </div> </div><div style="text-indent: -25.5pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">^</span> </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows:</span></div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows:</span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount</span><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">^{<span style="font-size: 9pt;">#</span>}</b></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> Changes in the Shares for the <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">nine months</span> from January 1, 2026 to September 30, 2026 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,724,073</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">450,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,295,474</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(100,000</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(1,981,975</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">800,000</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">17,037,572</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows:</span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">Shares</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount<b style="text-decoration-thickness: initial;">^{<span style="font-size: 9pt;">#</span>}</b></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="width: 1%; text-align: left;"><span style="font-size: 9pt;"><span style="font-size: 10pt">^</span></span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  – </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">250,000</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-indent: -25.5pt; padding-left: 27pt;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">#</span> </div> <div> <span style="color: rgb(0, 0, 0);">Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption.</span> </div> </div> <div style="text-indent: -25.5pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">^</span> </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> </div> 800000 17410859 100000 1608688 100000 1981975 800000 17037572 150000 3464197 100000 3060911 0 0 250000 6525108 450000 11724073 450000 7295474 100000 1981975 800000 17037572 100000 2480449 150000 4044659 0 0 250000 6525108 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 3. </div> <div> <span style="text-decoration: underline;">INVESTMENT IN DIGITAL ASSETS</span> </div> </div><div style="clear: both;"> </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter from July 1, 2026 to September 30, 2026:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">155.4365</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,186,529</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19.4299</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,256,943</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0731</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,974</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(72,387</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">4,159,836</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">155.3730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">13,004,293</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">806.8154</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,285,265</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100.8278</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">188,637</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.3793</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(781</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,035</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">951,280</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">806.4596</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">2,172,505</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of XRP</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">609,842.6656</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">639,908</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">76,212.1900</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">84,104</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(286.6609</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(334</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(14,245</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">313,093</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">609,573.7670</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">914,361</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Solana</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,398.9017</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">406,915</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">674.7520</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">51,546</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2.5376</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(214</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,920</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">248,525</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,396.5714</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">639,979</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Dogecoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,502,862.6388</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">108,567</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">187,813.7500</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">13,603</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(706.4000</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,513</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">42,035</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,502,200.6472</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">143,730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Cardano</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">374,121.9642</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">55,818</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">46,760.1993</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,820</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(175.9506</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,187</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">44,084</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">373,963.5206</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">93,809</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Stellar Lumens</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">257,543.7911</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,473</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,187.3300</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,035</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(121.0678</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(22</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(709</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">7,005</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">257,432.2473</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">58,803</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter July 1, 2025 to </span>September<span style="color: rgb(0, 0, 0);"> 30, 2025:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">33.2484</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,609,446</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">22.1644</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,598,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.0028</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">304</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">121,693</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">55.4156</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">182.6830</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">456,764</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">121.7607</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">462,617</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0711</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(304</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">116</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">338,121</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">304.3726</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,257,314</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the nine months from January 1, 2026 to September 30, 2026:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">87.3467</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,639,607</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">87.3647</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,672,121</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.2344</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,831</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.1525</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(12,396</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(74,383</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,284,167</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">155.3730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">13,004,293</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">474.4721</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,409,918</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">460.5949</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">844,614</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(26.8788</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(54,001</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.9243</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,013</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,444</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(25,915</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">252,207</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">806.4596</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">2,172,505</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of XRP</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap; border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">330,323.8883</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">603,733</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">338,714.8921</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">411,761</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17,407.8747</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">23,259</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(678.4604</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(890</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(14,420</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(917</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">609,573.7670</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">914,361</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Solana</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,694.9332</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">336,139</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,922.2463</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">218,382</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">459.8864</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">40,141</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5.9498</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(510</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,824</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">112,716</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,396.5714</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">639,979</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Dogecoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">749,351.1329</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">88,273</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">813,162.3558</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">69,270</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">129,068.0000</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,845</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,611.4999</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(142</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,537</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(6,070</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,502,200.6472</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="text-align: right; vertical-align: bottom;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">143,730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Cardano</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">213,170.9930</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">70,709</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">211,308.4759</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">43,406</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,381.1200</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">548</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,732.5933</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,598</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(421.7827</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(94</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,215</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(637</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(4,616</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">373,963.5206</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">93,809</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Chainlink</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,233.4330</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">39,244</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Chainlink purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,077.2271</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,732</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Chainlink purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Chainlink sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Chainlink sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,309.4432</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(38,673</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on Chainlink sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2169</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(50</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from Chainlink sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(3</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from Chainlink sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(11,348</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in Chainlink </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,098</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;"> -</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Stellar Lumens</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">144,668.9849</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">29,245</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">144,767.4958</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">26,283</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,310.8000</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,569</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,849.5845</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(921</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(287.6429</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(717</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(443</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">9,819</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">257,432.2473</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">58,803</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="text-decoration-thickness: initial; float: none; display: inline !important;">Amount in US$</span></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">22.1248</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,173,344</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="font-size: 9pt;">^</span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">33.1851</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,155</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.1889</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19,797</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0832</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(7,120</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(976</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">680,537</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">55.4156</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,329,737</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123.5548</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">340,034</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="font-size: 9pt;">^</span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">185.2175</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">580,504</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3.3590</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,120</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(7.7587</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19,797</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,291</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">348,162</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">304.3726</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,257,314</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div>  </div> <div style="text-indent: -25.5pt; padding-left: 27pt;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">^</span> </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter from July 1, 2026 to September 30, 2026:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">155.4365</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,186,529</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19.4299</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,256,943</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0731</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,974</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(72,387</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">4,159,836</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">155.3730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">13,004,293</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">806.8154</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,285,265</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">100.8278</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">188,637</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.3793</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(781</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,035</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">951,280</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">806.4596</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">2,172,505</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of XRP</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">609,842.6656</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">639,908</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">76,212.1900</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">84,104</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(286.6609</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(334</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(14,245</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">313,093</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">609,573.7670</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">914,361</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Solana</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,398.9017</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">406,915</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">674.7520</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">51,546</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2.5376</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(214</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,920</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">248,525</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,396.5714</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">639,979</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Dogecoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,502,862.6388</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">108,567</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">187,813.7500</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">13,603</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(706.4000</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,513</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">42,035</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,502,200.6472</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">143,730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Cardano</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">374,121.9642</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">55,818</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">46,760.1993</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,820</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(175.9506</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,187</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">44,084</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">373,963.5206</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">93,809</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Stellar Lumens</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">257,543.7911</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,473</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,187.3300</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,035</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(121.0678</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(22</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(709</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">7,005</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">257,432.2473</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">58,803</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter July 1, 2025 to </span>September<span style="color: rgb(0, 0, 0);"> 30, 2025:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">33.2484</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,609,446</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">22.1644</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,598,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.0028</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">304</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">  - </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">121,693</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">55.4156</td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 4px double transparent;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">182.6830</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">456,764</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">121.7607</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">462,617</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0711</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(304</td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">116</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">338,121</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">304.3726</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,257,314</td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div>  </div> <div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value during the nine months from January 1, 2026 to September 30, 2026:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">87.3467</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,639,607</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">87.3647</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,672,121</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.2344</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,831</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.1525</td> <td style="width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(12,396</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(74,383</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,284,167</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">155.3730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">13,004,293</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">474.4721</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,409,918</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">460.5949</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">844,614</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(26.8788</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(54,001</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.9243</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,013</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,444</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(25,915</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">252,207</td> <td style="font-size: 0px; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">806.4596</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">2,172,505</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of XRP</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap; border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">330,323.8883</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">603,733</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">338,714.8921</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">411,761</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17,407.8747</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">23,259</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(678.4604</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(890</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(14,420</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(917</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">609,573.7670</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">914,361</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Solana</span></td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%; vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,694.9332</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">336,139</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,922.2463</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">218,382</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">459.8864</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">40,141</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5.9498</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(510</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,824</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">112,716</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,396.5714</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">639,979</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Dogecoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">749,351.1329</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">88,273</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">813,162.3558</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">69,270</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">129,068.0000</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,845</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,611.4999</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(142</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,537</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(6,070</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,502,200.6472</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="text-align: right; vertical-align: bottom;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">143,730</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Cardano</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">213,170.9930</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">70,709</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">211,308.4759</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">43,406</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,381.1200</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">548</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,732.5933</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1,598</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(421.7827</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(94</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,215</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(637</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(4,616</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">373,963.5206</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">93,809</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Chainlink</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,233.4330</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">39,244</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Chainlink purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,077.2271</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,732</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Chainlink purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Chainlink sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Chainlink sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(4,309.4432</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(38,673</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on Chainlink sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2169</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(50</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from Chainlink sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(3</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from Chainlink sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(11,348</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in Chainlink </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,098</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;"> -</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Stellar Lumens</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; width: 1%; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">144,668.9849</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">29,245</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">144,767.4958</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">26,283</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,310.8000</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,569</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,849.5845</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(921</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(287.6429</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(717</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(443</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">9,819</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">257,432.2473</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">58,803</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div> <span style="color: rgb(0, 0, 0);">The following represents the changes in quantity of Digital Assets held and the respective fair value for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025:</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Bitcoin</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="text-decoration-thickness: initial; float: none; display: inline !important;">Amount in US$</span></span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">22.1248</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,173,344</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="font-size: 9pt;">^</span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">33.1851</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,155</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">0.1889</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">19,797</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0832</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(7,120</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(976</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="width: 1%; text-align: left; border-bottom: 2px solid black; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">680,537</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">55.4156</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black; vertical-align: bottom;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,329,737</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div style="text-align: justify;">   </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 76%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Quantity of Ether</span></td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap;"> </td> <td style="vertical-align: bottom;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amount in US$</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123.5548</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">340,034</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="font-size: 9pt;">^</span></td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">185.2175</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">580,504</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3.3590</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,120</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(7.7587</td> <td style="border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; vertical-align: bottom;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(19,797</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="font-size: 0px; width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">-</td> <td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,291</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">-</td> <td style="width: 1%; text-align: left; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">348,162</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 4px double black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">304.3726</td> <td style="width: 1%; text-align: left; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">1,257,314</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent; vertical-align: bottom;"> </td> </tr> </table><div>  </div> <div style="text-indent: -25.5pt; padding-left: 27pt;"> <div style="float: left; width: 25.5pt; white-space: nowrap;"> <span style="color: rgb(0, 0, 0);">^</span> </div> <div> <span style="color: rgb(0, 0, 0);">On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</span> </div> </div> 155.4365 9186529 19.4299 1256943 0 0 -19.4203 1521654 0 0 -0.0731 4974 -72387 0 4159836 155.373 13004293 806.8154 1285265 100.8278 188637 0 0 -100.8043 250861 0 0 -0.3793 781 -1035 951280 806.4596 2172505 609842.6656 639908 76212.19 84104 0 0 -76194.4277 108165 0 0 -286.6609 334 -14245 0 313093 609573.767 914361 5398.9017 406915 674.752 51546 0 0 -674.5447 69713 0 0 -2.5376 214 2920 0 248525 5396.5714 639979 1502862.6388 108567 187813.75 13603 0 0 -187769.3416 15909 0 0 -706.4 53 -4513 0 42035 1502200.6472 143730 374121.9642 55818 46760.1993 7820 0 0 -46742.6923 9694 0 0 -175.9506 32 -4187 0 44084 373963.5206 93809 257543.7911 52473 32187.33 6035 0 0 -32177.806 5979 0 0 -121.0678 22 -709 0 7005 257432.2473 58803 33.2484 3609446 22.1644 2598294 0.0028 304 0 0 0 0 121693 55.4156 6329737 182.683 456764 121.7607 462617 0 0 -0.0711 -304 0 0 0 116 338121 304.3726 1257314 87.3467 7639607 87.3647 5672121 0.2344 16831 -19.4203 1521654 0 0 -0.1525 12396 -74383 0 1284167 155.373 13004293 474.4721 1409918 460.5949 844614 0 0 -100.8043 250861 -26.8788 -54001 -0.9243 2013 -1444 -25915 252207 806.4596 2172505 330323.8883 603733 338714.8921 411761 17407.8747 23259 -76194.4277 108165 0 0 -678.4604 890 -14420 0 -917 609573.767 914361 2694.9332 336139 2922.2463 218382 459.8864 40141 -674.5447 69713 0 0 -5.9498 510 2824 0 112716 5396.5714 639979 749351.1329 88273 813162.3558 69270 129068 12845 -187769.3416 15909 0 0 -1611.4999 142 -4537 0 -6070 1502200.6472 143730 213170.993 70709 211308.4759 43406 2381.12 548 -46742.6923 9694 -5732.5933 -1598 -421.7827 94 -4215 -637 -4616 373963.5206 93809 3233.433 39244 1077.2271 9732 0 0 0 0 -4309.4432 -38673 -1.2169 50 -3 -11348 1098 0 0 144668.9849 29245 144767.4958 26283 6310.8 1569 -32177.806 5979 -5849.5845 -921 -287.6429 53 -717 -443 9819 257432.2473 58803 22.1248 2173344 33.1851 3464155 0.1889 19797 -0.0832 -7120 0 -976 680537 55.4156 6329737 123.5548 340034 185.2175 580504 3.359 7120 -7.7587 -19797 0 0 0 1291 348162 304.3726 1257314 4000 25 100000 100000 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 4. </div> <div> <span style="text-decoration: underline;">RELATED PARTIES</span> </div> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day oversight over such service providers. The Sponsor, with assistance and support from the Administrator, is responsible for preparing and filing periodic reports on behalf of the Trust and the Fund with the SEC and will provide any required certification for such reports. The Sponsor has designated the independent registered public accounting firm of the Trust on behalf of the Fund and may from time to time employ legal counsel for the Fund.</span> </div> <div>  </div> <div> Franklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates, and each is considered to be a related party to the Trust and the Fund. Franklin Templeton, Inc. (formerly, Franklin Resources, Inc.) is the ultimate parent company of the Sponsor and the Marketing Agent. Franklin Templeton, Inc. is the holding company for various subsidiaries that together are referred to as Franklin Templeton. </div><div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Sponsor is a related party of the Trust and the Fund. The Fund pays the Sponsor a unitary fee for services performed pursuant to the Sponsor Agreement. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee.</span> </div> <div>  </div> <div> The Trust also considers Franklin Templeton, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of September 30, 2026, no Shares of the Fund were held by a related party. </div> 0 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36pt; white-space: nowrap; font-style: italic;"> 5. </div> <div> <span style="text-decoration: underline;">CONCENTRATION OF RISK</span> </div> </div><div> </div><div> The Fund holds only Digital Assets and cash, which creates a concentration risk associated with fluctuations in the price of Digital Assets. Accordingly, a decline in the price of Digital Assets will have an adverse effect on the value of the Shares of the Fund. The trading prices of Digital Assets have experienced extreme volatility in recent periods and may continue to fluctuate significantly. Extreme volatility in the future, including substantial, sustained, or rapid declines in the trading prices of Digital Assets, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value. Factors adversely impacting the value of Digital Assets and the Shares may include an increase in the global Digital Assets supply or a decrease in global Digital Assets demand; market conditions of, and overall sentiment towards, the Digital Assets and blockchain technology industry; trading activity on Digital Asset platforms, which may be unregulated or subject to regulation by a relevant jurisdiction but potentially non-compliant with such regulations or may be subject to manipulation; the adoption of Digital Assets as a medium of exchange, store-of-value or other consumptive asset and the maintenance and development of the open-source software protocol of the Digital Asset network, and their ability to meet user demands; manipulative trading activity on Digital Asset platforms; and forks in the Digital Asset network, among other things. </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 6. </div> <div> <span style="text-decoration: underline;">COMBINED FINANCIAL HIGHLIGHTS</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align : top; white-space : nowrap; "> <td> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"><br/></td><td colspan="6" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the Three Months<span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>Ended September 30,</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">For the Nine Months<br/> Ended September 30,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">For the period <br/>February 20, 2025<br/> (Date of <br/>commencement of <br/>operations) through <br/>September 30,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Net asset value per Share, beginning of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">14.67</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27.11</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">22.70</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 25.13</td><td style="width: 1%; text-align: left; vertical-align: bottom;"><span style="font-size: 11.1111px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">^(a)</span></td> </tr> <tr style="vertical-align: top;"> <td> <div> Net investment loss^(b)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-indent: -10px; padding-left: 10px;"> <div> Net realized and unrealized gain (loss) on investment in Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.24</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.39</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.22</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Net increase (decrease) in net assets from operations^(c)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.23</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.21</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Net asset value per Share, end of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total return, at net asset value<span style="font-size: .83em; vertical-align: super;">(d)</span></span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45.06</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.91</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">20.73</td><td style="text-align: left; width: 1%; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Ratio to average net assets<span style="font-size: .83em; vertical-align: super;">(e)</span></span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Net investment loss </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> (0.04</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)%</span> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="text-align: left; width: 1%; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: top;"> <td> <div> Net expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="width: 9%; text-align: right; vertical-align: bottom;"> 0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%; white-space: nowrap;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%<span style="font-size: .83em; vertical-align: super;">(f)</span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> 0.04</td><td style="width: 1%; text-align: left; white-space: nowrap; vertical-align: bottom;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%<span style="font-size: .83em; vertical-align: super;">(f)</span></span></td> </tr> </table><div style="margin-left: 33.05pt;">  </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (a) </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (b) </div> <div> Calculated using average Shares outstanding. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (c) </div> <div> The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment.</div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (d) </div> <div> Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP. Total return for periods of less than a year are not annualized.</div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (e) </div> <div> Annualized. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (f) </div> <div> From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. </div> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align : top; white-space : nowrap; "> <td> </td> <td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"><br/></td><td colspan="6" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the Three Months<span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>Ended September 30,</span> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">For the Nine Months<br/> Ended September 30,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center;"> <span style="font-weight: bold;">For the period <br/>February 20, 2025<br/> (Date of <br/>commencement of <br/>operations) through <br/>September 30,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Net asset value per Share, beginning of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">14.67</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27.11</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">22.70</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 25.13</td><td style="width: 1%; text-align: left; vertical-align: bottom;"><span style="font-size: 11.1111px; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">^(a)</span></td> </tr> <tr style="vertical-align: top;"> <td> <div> Net investment loss^(b)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-indent: -10px; padding-left: 10px;"> <div> Net realized and unrealized gain (loss) on investment in Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.24</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.39</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.22</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Net increase (decrease) in net assets from operations^(c)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.23</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.21</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Net asset value per Share, end of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="width: 1%; text-align: left; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total return, at net asset value<span style="font-size: .83em; vertical-align: super;">(d)</span></span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45.06</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.91</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">20.73</td><td style="text-align: left; width: 1%; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: top;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Ratio to average net assets<span style="font-size: .83em; vertical-align: super;">(e)</span></span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Net investment loss </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> (0.04</td><td style="text-align: left; width: 1%; vertical-align: bottom;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)%</span> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="text-align: left; width: 1%; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: top;"> <td> <div> Net expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="width: 9%; text-align: right; vertical-align: bottom;"> 0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%; white-space: nowrap;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%<span style="font-size: .83em; vertical-align: super;">(f)</span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> 0.04</td><td style="width: 1%; text-align: left; white-space: nowrap; vertical-align: bottom;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%<span style="font-size: .83em; vertical-align: super;">(f)</span></span></td> </tr> </table><div style="margin-left: 33.05pt;">  </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (a) </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (b) </div> <div> Calculated using average Shares outstanding. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (c) </div> <div> The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment.</div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (d) </div> <div> Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP. Total return for periods of less than a year are not annualized.</div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (e) </div> <div> Annualized. </div> </div> <div style="text-indent: -20.65pt; padding-left: 36pt;"> <div style="float: left; width: 20.65pt; white-space: nowrap;"> (f) </div> <div> From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. </div> </div> 14.67 27.11 22.7 25.13 -0.01 -0.01 -0.03 -0.01 6.62 3.24 -1.39 5.22 6.61 3.23 -1.42 5.21 21.28 30.34 21.28 30.34 0.4506 0.1191 -0.0626 0.2073 -0.0019 -0.0007 -0.0019 -0.0004 0.0019 0.0019 0.0019 0.0019 0.0019 0.0007 0.0019 0.0004 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 7. </div> <div> <span style="text-decoration: underline;">COMMITMENTS AND CONTINGENCIES</span> </div> </div> <div>  </div> <div style="text-align: justify;"> <span style="color: rgb(0, 0, 0);">In the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.</span> </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 8. </div> <div> <span style="text-decoration: underline;">INDEMNIFICATION</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div> <div> <span style="color: rgb(0, 0, 0);">Under the Trust’s organizational documents, the Sponsor and its shareholders, members, directors, affiliates, officers, employees and subsidiaries are indemnified by the Trust against certain liabilities. The Fund has also agreed to indemnify certain of its other service providers, including the Administrator, the Marketing Agent, the Custodians and the Trustee (including its officers, affiliates, directors, employees, and agents), for certain liabilities incurred by such parties in connection with their respective agreements to provide services for the Fund.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any Digital Assets or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.</span> </div><div> <span style="color: rgb(0, 0, 0);">The Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence.</span> </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 9. </div> <div> <span style="text-decoration: underline;">OPERATING SEGMENTS</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div> <div> <span style="color: rgb(0, 0, 0);">The Fund, which is the sole series of the Trust, and the Trust operate as a <span style="-sec-ix-hidden: hidden-fact-4">single</span> operating segment, which is an investment portfolio. Executive officers of the Fund’s Sponsor perform the functions of the Chief Operating Decision Maker (“CODM”), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively. Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements.</span> </div> <div>  </div> <div> <span style="color: rgb(0, 0, 0);">For information regarding segment assets, segment profit or loss, and significant expenses, refer to the Combined Statements of Assets and Liabilities and the Combined Statements of Operations, along with the related Notes to the Combined Financial Statements. The Combined Schedules of Investments provide details of the Fund’s investments that generate returns such as realized and unrealized gains or losses. Performance metrics and expense ratios are disclosed in the Combined Financial Highlights.</span> </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 10. </div> <div> <span style="text-decoration: underline;">SUBSEQUENT EVENTS</span> </div> </div> <div> </div> <div> On October 6, 2026, the IRS released Rev. Proc. 2026-20 establishing new conditions to rely on a safe harbor for certain trusts that qualify as grantor trusts under applicable regulations, which includes the Fund, that allows staking of the trust's digital assets without jeopardizing tax status as investment trusts and grantor trusts for federal income tax purposes. The new guidance supersedes prior IRS guidance regarding staking within the grantor trust structure and provides a six-month implementation compliance period for an existing qualifying trust. The Sponsor is evaluating the impact of this guidance on the Trust and the Fund. </div><div>  </div><div><span style="color: rgb(0, 0, 0);">The Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events other than the foregoing have occurred that require disclosure.</span> </div> 17027480 10216868 17027480 10216868 2616 1477 2616 1477 17024864 10215391 800000 800000 450000 450000 21.28 22.7 155.373 12729811 13004293 0.7639 806.4596 2013824 2172505 0.1276 609573.767 978257 914361 0.0537 5396.5714 534047 639979 0.0376 1502200.6472 163187 143730 0.0084 373963.5206 110884 93809 0.0055 257432.2473 53481 58803 0.0035 16583491 17027480 1.0002 -2616 -0.0002 17024864 1 87.3467 8649292 7639607 0.7479 474.4721 1503444 1409918 0.138 330323.8883 666712 603733 0.0591 2694.9332 342923 336139 0.0329 749351.1329 101660 88273 0.0086 213170.993 83168 70709 0.0069 3233.433 40342 39244 0.0038 144668.9849 33742 29245 0.0029 11421283 10216868 1.0001 -1477 -0.0001 10215391 1 7243 2750 17192 5053 0 1741 0 4044 7243 1009 17192 1009 -7243 -1009 -17192 -1009 -94156 116 -135238 315 5765858 459814 1648404 1028699 5671702 459930 1513166 1029014 5664459 458921 1495974 1028005 6.64 2.4 2.24 6.32 1495974 1028005 7295569 4044659 95193 26917 1998123 0 95193 26917 -96895 315 -38343 0 1648404 1028699 1139 1009 -5313499 -4044659 7295474 4044659 1981975 0 5313499 4044659 0 0 0 0 0 0 11733692 4066210 10215391 2513378 -7243 -1009 -17192 -1009 -94156 116 -135238 315 5765858 459814 1648404 1028699 5664459 458921 1495974 1028005 1608688 3060911 7295474 4044659 1981975 0 1981975 0 -373287 3060911 5313499 4044659 17024864 7586042 17024864 7586042 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 1. </div> <div> <span style="text-decoration: underline;"><span style="letter-spacing: normal; text-indent: -24px; float: none; display: inline !important;">ORGANIZATION</span></span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> The Franklin Crypto Trust (the “Trust”) was formed as a Delaware statutory trust on August 13, 2024, and is governed by the provisions of the Second Amended and Restated Agreement and Declaration of Trust dated as of February 4, 2025 (the “Declaration of Trust”). The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The accompanying financial statements relate to the one series that the Trust currently offers, the Franklin Crypto Index ETF (the “Fund”). Separate financial statements and accompanying notes are provided for the Trust, as registrant, on a combined basis with the Fund in another section of this report. The Trust had no operations prior to the Fund’s launch, other than matters relating to its organization and the registration of the Fund under the Securities Act of 1933, as amended (the “Securities Act”). The Sponsor of the Trust and the Fund (the “Sponsor”) is Franklin Holdings, LLC. The Sponsor is a Delaware limited liability company formed on July 21, 2021. The Sponsor is not subject to regulation by the U.S. Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator or a commodity trading advisor with respect to the Fund. The Fund issues Shares (the “Shares”), which represent units of fractional undivided beneficial interest in and ownership of the Fund. The Shares of the Fund are listed on the Cboe BZX Exchange, Inc. (“Cboe BZX Exchange” or the “Exchange”). </div><div>  </div><div> The Fund generally seeks to reflect the price of the digital assets included in the CF Institutional Digital Asset Index – US–Settlement Price (the “Underlying Index”). As of September 30, 2026, the Underlying Index’s only constituent Digital Assets are Bitcoin (“BTC”), Ether (“ETH”), XRP, Solana (“SOL”), Dogecoin (“DOGE”), Cardano (“ADA”), and Stellar Lumens (“XLM”) (collectively, the “Digital Assets”). The Fund’s investment objective is to seek to provide investment results that closely correspond, before Fund expenses and liabilities, to the performance of the Underlying Index. The Fund seeks to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index. Because the Fund’s investment objective is to seek to track the price of the Underlying Index, changes in the price of the Shares may vary from changes in the underlying Digital Assets’ prices. The Fund is a passive investment vehicle and is not a leveraged product. The Sponsor, using a “passive” or indexing investment approach, seeks to provide investment results that closely correspond, before Fund expenses and liabilities, to the performance of the Underlying Index. </div><div>  </div><div> The Bank of New York Mellon (“BNYM”) serves as the Fund’s Administrator, Transfer Agent and the Cash Custodian. The Administrator is generally responsible for the day-to-day administration of the Fund, including the calculation of the Fund’s net asset value (“NAV”) per Share. The Digital Asset Custodian is responsible for safekeeping the Digital Assets owned by the Fund. The Digital Asset Custodian is Coinbase Custody Trust Company, LLC (“Coinbase Custody”). Coinbase Inc., an affiliate of the Digital Asset Custodian, is the Fund’s Prime Broker. CSC Delaware Trust Company, a subsidiary of the Corporation Service Company (the “Trustee”), is the sole trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Fund (the “Marketing Agent”). </div><div>  </div><div> The Fund issues and redeems Shares only to certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”). Creation Units are directly redeemable only by Authorized Participants. Creation Units are issued and redeemed in exchange for Digital Assets and/or cash. The Shares are listed and traded on the Exchange under the ticker symbol “EZPZ.” The market price of the Shares may be different than the Fund’s NAV per Share. The Fund issues and redeems Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation or redemption order date. Except when aggregated in Creation Units, the Shares are not redeemable securities. </div><div>  </div><div> The Trust, as registrant with respect to the Fund, is an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act, subject to reduced public company reporting requirements. </div><div>  </div><div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div><div>  </div><div> The accompanying Statements of Assets and Liabilities and Schedules of Investments at September 30, 2026 and December 31, 2025 and the Statements of Operations, Statements of Cash Flows, and Statements of Changes in Net Assets for the three months ended September 30, 2026 and September 30, 2025, the nine months ended September 30, 2026 and for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025, have been prepared for the Fund as the sole operating series of the Trust and are unaudited. Separate unaudited combined financial statements and accompanying notes have been prepared on behalf of the Trust, as registrant, combined with its one currently offered series, the Fund (included above in a separate section of this report). In the opinion of management of the Sponsor of the Trust, all adjustments (which include only normal recurring adjustments) necessary to state fairly the financial position and results of operations for all periods stated have been made. In addition, interim period results are not necessarily indicative of results for a full‑year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s and the Fund's financial statements included in the Annual Report on Form 10‑K for the fiscal year ended December 31, 2025. </div><div>  </div><div> The fiscal year end of the Trust and the Fund is December 31. </div> 50000 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2. </div> <div> <span style="text-decoration: underline;">SIGNIFICANT ACCOUNTING POLICIES</span> </div> </div><div style="clear: both;">  </div><div> In preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management of the Sponsor makes estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amount of revenue and expenses reported during the period. Actual results could differ from these estimates. </div><div> The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). </div><div>  </div><div> The following is a summary of significant accounting policies followed by the Trust and the Fund. </div><div> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.1. </div> <div> <span style="text-decoration: underline;">Basis of Presentation</span> </div> </div><div style="text-indent: -18pt; padding-left: 54pt;">  </div><div> The Sponsor has determined that the Trust and the Fund fall within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. </div><div>  </div><div> The accompanying unaudited financial statements are presented for the Fund, which is the sole series of the Trust, at the individual, series level. Financial statements and accompanying notes for the Trust, as the registrant, combined with the Fund are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund's operations, as its sole series. These notes to the financial statements relate to the Fund, which is the sole series of the Trust, and are unaudited. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. </div><div> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.2. </div> <div> <span style="text-decoration: underline;">Calculation of NAV and NAV per Share</span> </div> </div><div> </div><div> The Sponsor has the exclusive authority to determine the Fund’s net asset value (“NAV”). The Sponsor has delegated to the Administrator the responsibility to calculate the NAV of the Fund, based on a pricing source selected by the Sponsor. In determining the Fund's NAV, the Administrator values the Digital Assets held by the Fund based on the CF Reference Rates (defined below), unless the Sponsor in its sole discretion determines that such reference rates are unreliable. The Underlying Index values its Digital Assets based on the value of each applicable Digital Asset as measured by the corresponding CME CF Reference Rate–New York Variant for the U.S. Dollar trading pair (each a “CF Reference Rate”, and together, the “CF Reference Rates”), each of which are produced by the Index Provider. The CF Reference Rates shall constitute the primary Digital Asset pricing sources for the Underlying Index, unless one or more of the CF Reference Rates are not available or the Sponsor in its sole discretion determines one or more of the CF Reference Rates unreliable as a pricing source for the Fund and therefore determines not to use the CF Reference Rates to value the Digital Assets held by the Fund. If the CF Reference Rates are not available or the Sponsor determines, in its sole discretion, that one or more of the CF Reference Rates are unreliable (together a “Fair Value Event”), the Fund's holdings may be fair valued by the Sponsor. Additionally, the Administrator will monitor for unusual prices, and escalate to the Sponsor if detected. The Digital Assets included in the Underlying Index are weighted based on their free float market capitalization as determined by the Index Provider. </div><div>  </div><div> As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows: </div><div>  </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">76.58</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12.69</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> XRP </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">5.35</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Solana-SOL </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.75</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Dogecoin-DOGE </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.76</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Cardano-ADA </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.53</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Stellar Lumens-XLM </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.34</td><td style="text-align: left; width: 1%;">%</td> </tr> </table><div>  </div><div> As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows: </div><div>  </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">83.408</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">16.592</td><td style="text-align: left; width: 1%;">%</td> </tr> </table><div> </div><div> On each Business Day, as soon as practicable after 4:00 p.m. Eastern Time (“ET”), the Administrator evaluates the Digital Assets held by the Fund as reflected by the CF Reference Rates and determines the NAV of the Fund. For purposes of making these calculations, a Business Day means any day other than a day when the Cboe BZX Exchange is closed for regular trading. The Fund’s periodic financial statements may not utilize this NAV of the Fund to the extent the methodology used to calculate the Underlying Index is deemed not to be consistent with GAAP. </div><div> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.3. </div> <div> <span style="text-decoration: underline;">Valuation of Digital Assets</span> </div> </div><div> </div><div> The Trust’s and the Fund’s financial statements are prepared in accordance with GAAP for interim financial information. The Fund determines the fair value of Digital Assets based on the price provided by the Digital Assets market that the Fund considers its “Principal Market” as of 11:59:59PM ET on the valuation date. This fair value price is referred to as "Principal Market Price". With respect to the Fund’s Digital Asset holdings, the Trust follows the provisions of the Financial Accounting Standards Board Accounting Standards Codification Topic 820, “Fair Value Measurements and Disclosures” (“ASC Topic 820”) and utilizes an exchange-traded price from the Fund’s Principal Market (or in the absence of a Principal Market, the most advantageous market) for Digital Assets as of the Fund’s financial statement measurement date. </div><div>  </div><div> ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: </div><div> Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; </div><div>  </div><div> Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and </div><div>  </div><div> Level 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. </div><div>  </div><div> On September 30, 2026 and December 31, 2025, the values of the Digital Assets held by the Fund were categorized as Level 1. </div><div> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.4. </div> <div> <span style="text-decoration: underline;">Fees, Expenses, and Realized Gains (Losses)</span> </div> </div><div> </div><div> The Fund’s only ordinary recurring expense is the Sponsor’s fee. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Marketing Agent, the Custodians (the Cash Custodian and Digital Asset Custodian, collectively) and the Trustee, Cboe BZX Exchange listing fees, Index Provider Fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, tax reporting fees, audit fees, license fees and expenses, and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor paid the costs of the Trust's and the Fund’s organization and the initial offering costs and may not seek reimbursement of such costs. Digital Assets transactions are accounted for on a trade date basis. Realized gains or losses from the sale or disposition of Digital Assets are determined on a specific identification basis and recognized in the Statements of Operations in the period in which the sale or disposition occurs. </div><div>  </div><div> The Sponsor’s fee, which is compensation for the Sponsor's services rendered to the Fund, is calculated and accrued daily at an annualized rate equal to 0.19% (i.e., 0.19%/365 days) of the net asset value of the Fund and is payable at least quarterly in arrears in U.S. dollars. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of the Sponsor’s fee for stated periods of time. The Sponsor is under no obligation to waive any portion of its fees and any such waiver shall create no obligation to waive any such fees during any period not covered by the waiver. </div><div>  </div><div> The Fund will sell Digital Assets as needed to pay the Sponsor’s<span style="color: rgb(229, 33, 56);"> </span>fee and will buy and sell Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index (including, in the case of a rebalancing, trading one or more Digital Assets for other Digital Assets). The Fund bears transaction costs, including any Digital Asset network fees or other similar transaction fees, in connection with any sales of Digital Assets necessary to pay the Sponsor’s fee, as well as other Fund expenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor are specified above), or in connection with any purchases or sales of Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index. Any Digital Asset network fees and similar transaction fees incurred in connection with the creation or redemption of Creation Units are borne by the Authorized Participant. </div><div>  </div><div> For the period from February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. For the quarter ended September 30, 2026, the Fund accrued the Sponsor’s fee of $7,243 and nine months ended September 30, 2026, the Fund accrued the Sponsor’s fee of $17,192. </div><div>  </div><div> The Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund will be responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. In addition, the Fund may incur certain other non-recurring expenses that are not assumed by the Sponsor (expenses assumed by the Sponsor are described above), including but not limited to, taxes and governmental charges, any applicable brokerage commissions, Digital Asset network fees and similar transaction fees that qualify as extraordinary or non-routine expenses as described above, financing fees, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Fund to protect the Fund or the interests of Shareholders (including, for example, in connection with any fork of the Digital Asset blockchain, any Incidental Rights and any IR Virtual Currency); any indemnification of the Cash Custodian, Digital Asset Custodian, Prime Broker, Administrator or other agents, service providers or counterparties of the Trust or the Fund and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters or legal expenses in excess of $500,000 per year. The Sponsor may determine in its sole discretion to assume legal fees and expenses of the Fund in excess of the $500,000 per annum stipulated in the Sponsor Agreement. There are no set circumstances in which the Sponsor has determined to assume legal fees and expenses in excess of the amount stipulated in the Sponsor Agreement, but such expenses may be assumed by the Sponsor, for example, to help the Fund achieve scale. To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Fund. Additionally, there is no cap on the aggregate amount of expenses that could be assumed by the Sponsor each year, except as otherwise described herein. The Trust’s and Fund’s organizational and offering costs are borne by the Sponsor and, as such, are the sole responsibility of the Sponsor. The Sponsor may not seek reimbursement or otherwise require the Fund, the Trust, the Trustee, or any Shareholder to assume any liability, duty or obligation in connection with any such organizational and offering costs. Because the Fund does not have any income, it will need to sell Digital Assets to cover the Sponsor’s fee and expenses not assumed by the Sponsor, if any. Fund expenses not assumed by the Sponsor shall accrue daily and be payable by the Fund to the Sponsor at least quarterly in arrears. The Fund may also be subject to other liabilities (for example, as a result of litigation) that have also not been assumed by the Sponsor. The only source of funds to cover those liabilities will be sales of Digital Assets held by the Fund. Even if there are no expenses other than those assumed by the Sponsor, and there are no other liabilities of the Fund, the Fund will still need to sell Digital Assets to pay the Sponsor’s fee. The result of these sales is a decrease in the amount of Digital Assets represented by each Share. </div><div>  </div><div> There have been no extraordinary or non-routine expenses during the periods presented. </div><div>  </div><div> To cover the Sponsor’s fee and expenses not assumed by the Sponsor, the Sponsor or its delegate will cause the Fund to convert Digital Assets into U.S. dollars generally at the price available through the Prime Broker’s Coinbase Prime service (less applicable trading fees) through the Trading Platform which the Sponsor is able to obtain using commercially reasonable efforts. The number of Digital Assets represented by a Share will decline each time the Fund pays the Sponsor’s fee or any Fund expenses not assumed by the Sponsor by transferring or selling Digital Assets. The quantity of Digital Assets to be sold to permit payment of the Sponsor’s fee or Fund expenses not assumed by the Sponsor, will vary from time to time depending on the level of the Fund’s expenses and the value of Digital Assets held by the Fund. </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.5. </div> <div> <span style="text-decoration:underline">Digital Assets Receivable and Payable </span> </div> </div><div style="clear: both;">  </div><div> Digital assets receivable or payable represents the quantity of digital assets covered by contractually binding orders for the creation or redemption of Shares respectively, where the digital asset has not yet been transferred to or from the Fund's account. Generally, ownership of the Digital Assets is transferred within one business day of the trade date (referred to as "T+1"). </div><div>  </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.6. </div> <div> <span style="text-decoration: underline;">Income Taxes</span> </div> </div><div style="clear: both;"> </div><div> The Trust is organized and operated as a statutory trust in accordance with the provisions of the Declaration of Trust and applicable Delaware law. The Fund is treated as a partnership for U.S. federal income tax purposes. The Fund does not record a provision for U.S. federal, U.S. state or local income taxes because the Shareholders report their share of the Fund’s income or loss on their income tax returns. The Fund files annual partnership returns, and each U.S. Shareholder is required to report on its U.S. federal income tax return its allocable share of the income, gain, loss, deductions and credits reflected on such partnership returns. </div><div>  </div><div> The Fund is required to determine whether its tax positions are more likely than not to be sustained on examination by the applicable taxing authority, based on the technical merits of the position. Tax positions not deemed to meet a more likely than not threshold would be recorded as a tax expense in the current year. As of September 30, 2026 and December 31, 2025, the Trust and the Fund have determined that no provision for income taxes is required and no liability for unrecognized tax benefits has been recorded. However, the Trust’s and the Fund's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, U.S. state, and other tax laws of jurisdictions in which the Trust and the Fund operate; and changes in the administrative practices and precedents of the relevant authorities. The Fund is required to analyze all open tax years. Open tax years are those years that are open for examination by the relevant income taxing authority. </div><div> </div><div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 2.7. </div> <div> <span style="text-decoration: underline;">Creation and Redemption of Shares</span> </div> </div><div> </div><div> The Fund issues and redeems Creation Units on a continuous basis. Creation Units are issued or redeemed in exchange for an amount of Digital Assets and/or cash as determined by the Administrator on each day that Cboe BZX Exchange is open for regular trading. </div><div>  </div><div> For creation transactions conducted in cash, the amount of cash required to be delivered to the Fund will equal the amount of cash needed to purchase the amount of Digital Assets represented by the Creation Unit(s) being created, as calculated by the Administrator, plus applicable fees, costs and adjustments. For redemption transactions conducted in cash, the Sponsor will arrange for the Digital Assets represented by the Creation Unit(s) being redeemed to be sold and the cash proceeds, after applicable fees, costs and adjustments, distributed. No Shares are issued until the corresponding amount of Digital Assets have been received in the Fund’s Trading Balance. Creation Units may be created or redeemed only by Authorized Participants, who pay (1) a transaction fee for each order to create or redeem Creation Units; (2) transfer, processing and other transaction costs charged by the Digital Asset Custodian in connection with the issuance or redemption of Creation Units for such order; and (3) any other expenses, taxes, charges or adjustments. </div><div>  </div><div> Creation Units will be sold at a per-Share offering price that will vary depending on, among other things, the price of Digital Assets and the trading price of the Shares on the Cboe BZX Exchange, Inc. at the time of the offer. Shares offered at different times may have different offering prices. Prior to the commencement of the Fund’s investment operations on February 20, 2025, there was no public market for the Shares. </div><div>  </div><div> Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Balance at July 1, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Creation of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Redemption of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Balance at September 30, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><div> Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div> Changes in the Shares for the nine months from January 1, 2026 to September 30, 2026 are as follows: </div><div> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Shares </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Amount^#</td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Balance at January 1, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">450,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">11,724,073</td><td style="width: 1%; text-align: left;"> </td> </tr><tr> <td><span style="letter-spacing: normal; text-indent: -9.6px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Creation of Shares</span></td> <td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%; text-align: right;">450,000</td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7,295,474</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Redemption of Shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> <div> Balance at September 30, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div>  </div><div> Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> # </div> <div> Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption. </div> </div><div style="text-indent: -27pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> ^ </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div> <span style="text-decoration: underline;">Basis of Presentation</span> <div> The Sponsor has determined that the Trust and the Fund fall within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. </div><div> The accompanying unaudited financial statements are presented for the Fund, which is the sole series of the Trust, at the individual, series level. Financial statements and accompanying notes for the Trust, as the registrant, combined with the Fund are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund's operations, as its sole series. These notes to the financial statements relate to the Fund, which is the sole series of the Trust, and are unaudited. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. </div> <span style="text-decoration: underline;">Calculation of NAV and NAV per Share</span> <div> The Sponsor has the exclusive authority to determine the Fund’s net asset value (“NAV”). The Sponsor has delegated to the Administrator the responsibility to calculate the NAV of the Fund, based on a pricing source selected by the Sponsor. In determining the Fund's NAV, the Administrator values the Digital Assets held by the Fund based on the CF Reference Rates (defined below), unless the Sponsor in its sole discretion determines that such reference rates are unreliable. The Underlying Index values its Digital Assets based on the value of each applicable Digital Asset as measured by the corresponding CME CF Reference Rate–New York Variant for the U.S. Dollar trading pair (each a “CF Reference Rate”, and together, the “CF Reference Rates”), each of which are produced by the Index Provider. The CF Reference Rates shall constitute the primary Digital Asset pricing sources for the Underlying Index, unless one or more of the CF Reference Rates are not available or the Sponsor in its sole discretion determines one or more of the CF Reference Rates unreliable as a pricing source for the Fund and therefore determines not to use the CF Reference Rates to value the Digital Assets held by the Fund. If the CF Reference Rates are not available or the Sponsor determines, in its sole discretion, that one or more of the CF Reference Rates are unreliable (together a “Fair Value Event”), the Fund's holdings may be fair valued by the Sponsor. Additionally, the Administrator will monitor for unusual prices, and escalate to the Sponsor if detected. The Digital Assets included in the Underlying Index are weighted based on their free float market capitalization as determined by the Index Provider. </div><div> As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows: </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">76.58</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12.69</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> XRP </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">5.35</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Solana-SOL </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.75</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Dogecoin-DOGE </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.76</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Cardano-ADA </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.53</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Stellar Lumens-XLM </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.34</td><td style="text-align: left; width: 1%;">%</td> </tr> </table><div> As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows: </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">83.408</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">16.592</td><td style="text-align: left; width: 1%;">%</td> </tr> </table><div> On each Business Day, as soon as practicable after 4:00 p.m. Eastern Time (“ET”), the Administrator evaluates the Digital Assets held by the Fund as reflected by the CF Reference Rates and determines the NAV of the Fund. For purposes of making these calculations, a Business Day means any day other than a day when the Cboe BZX Exchange is closed for regular trading. The Fund’s periodic financial statements may not utilize this NAV of the Fund to the extent the methodology used to calculate the Underlying Index is deemed not to be consistent with GAAP. </div> <div> As of September 30, 2026, the Digital Assets in the Underlying Index and their weightings were as follows: </div><div>  </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">76.58</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12.69</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> XRP </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">5.35</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Solana-SOL </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.75</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Dogecoin-DOGE </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.76</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Cardano-ADA </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.53</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Stellar Lumens-XLM </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">0.34</td><td style="text-align: left; width: 1%;">%</td> </tr> </table><div>  </div><div> As of September 30, 2025, the Digital Assets in the Underlying Index and their weightings were as follows: </div><div>  </div><table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Constituent</span> </td> <td style="text-align: center;"> </td><td style="text-align: center;"> </td><td style="text-align: center; text-decoration: underline;"> <span style="font-weight: bold;">Weight</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> Bitcoin-BTC </td> <td style="text-align: center; width: 1%;"></td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">83.408</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> Ether-ETH </td> <td style="text-align: center;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">16.592</td><td style="text-align: left; width: 1%;">%</td> </tr> </table> 0.7658 0.1269 0.0535 0.0375 0.0076 0.0053 0.0034 0.83408 0.16592 <span style="text-decoration: underline;">Valuation of Digital Assets</span> <div> The Trust’s and the Fund’s financial statements are prepared in accordance with GAAP for interim financial information. The Fund determines the fair value of Digital Assets based on the price provided by the Digital Assets market that the Fund considers its “Principal Market” as of 11:59:59PM ET on the valuation date. This fair value price is referred to as "Principal Market Price". With respect to the Fund’s Digital Asset holdings, the Trust follows the provisions of the Financial Accounting Standards Board Accounting Standards Codification Topic 820, “Fair Value Measurements and Disclosures” (“ASC Topic 820”) and utilizes an exchange-traded price from the Fund’s Principal Market (or in the absence of a Principal Market, the most advantageous market) for Digital Assets as of the Fund’s financial statement measurement date. </div><div> ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: </div><div> Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; </div><div> Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and </div><div> Level 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. </div><div> On September 30, 2026 and December 31, 2025, the values of the Digital Assets held by the Fund were categorized as Level 1. </div> <span style="text-decoration: underline;">Fees, Expenses, and Realized Gains (Losses)</span> <div> The Fund’s only ordinary recurring expense is the Sponsor’s fee. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Marketing Agent, the Custodians (the Cash Custodian and Digital Asset Custodian, collectively) and the Trustee, Cboe BZX Exchange listing fees, Index Provider Fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, tax reporting fees, audit fees, license fees and expenses, and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor paid the costs of the Trust's and the Fund’s organization and the initial offering costs and may not seek reimbursement of such costs. Digital Assets transactions are accounted for on a trade date basis. Realized gains or losses from the sale or disposition of Digital Assets are determined on a specific identification basis and recognized in the Statements of Operations in the period in which the sale or disposition occurs. </div><div> The Sponsor’s fee, which is compensation for the Sponsor's services rendered to the Fund, is calculated and accrued daily at an annualized rate equal to 0.19% (i.e., 0.19%/365 days) of the net asset value of the Fund and is payable at least quarterly in arrears in U.S. dollars. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of the Sponsor’s fee for stated periods of time. The Sponsor is under no obligation to waive any portion of its fees and any such waiver shall create no obligation to waive any such fees during any period not covered by the waiver. </div><div> The Fund will sell Digital Assets as needed to pay the Sponsor’s<span style="color: rgb(229, 33, 56);"> </span>fee and will buy and sell Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index (including, in the case of a rebalancing, trading one or more Digital Assets for other Digital Assets). The Fund bears transaction costs, including any Digital Asset network fees or other similar transaction fees, in connection with any sales of Digital Assets necessary to pay the Sponsor’s fee, as well as other Fund expenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor are specified above), or in connection with any purchases or sales of Digital Assets to adjust the Fund’s investments to correspond with a rebalancing and/or reconstitution of the Underlying Index. Any Digital Asset network fees and similar transaction fees incurred in connection with the creation or redemption of Creation Units are borne by the Authorized Participant. </div><div> For the period from February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. For the quarter ended September 30, 2026, the Fund accrued the Sponsor’s fee of $7,243 and nine months ended September 30, 2026, the Fund accrued the Sponsor’s fee of $17,192. </div><div> The Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund will be responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. In addition, the Fund may incur certain other non-recurring expenses that are not assumed by the Sponsor (expenses assumed by the Sponsor are described above), including but not limited to, taxes and governmental charges, any applicable brokerage commissions, Digital Asset network fees and similar transaction fees that qualify as extraordinary or non-routine expenses as described above, financing fees, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Fund to protect the Fund or the interests of Shareholders (including, for example, in connection with any fork of the Digital Asset blockchain, any Incidental Rights and any IR Virtual Currency); any indemnification of the Cash Custodian, Digital Asset Custodian, Prime Broker, Administrator or other agents, service providers or counterparties of the Trust or the Fund and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters or legal expenses in excess of $500,000 per year. The Sponsor may determine in its sole discretion to assume legal fees and expenses of the Fund in excess of the $500,000 per annum stipulated in the Sponsor Agreement. There are no set circumstances in which the Sponsor has determined to assume legal fees and expenses in excess of the amount stipulated in the Sponsor Agreement, but such expenses may be assumed by the Sponsor, for example, to help the Fund achieve scale. To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Fund. Additionally, there is no cap on the aggregate amount of expenses that could be assumed by the Sponsor each year, except as otherwise described herein. The Trust’s and Fund’s organizational and offering costs are borne by the Sponsor and, as such, are the sole responsibility of the Sponsor. The Sponsor may not seek reimbursement or otherwise require the Fund, the Trust, the Trustee, or any Shareholder to assume any liability, duty or obligation in connection with any such organizational and offering costs. Because the Fund does not have any income, it will need to sell Digital Assets to cover the Sponsor’s fee and expenses not assumed by the Sponsor, if any. Fund expenses not assumed by the Sponsor shall accrue daily and be payable by the Fund to the Sponsor at least quarterly in arrears. The Fund may also be subject to other liabilities (for example, as a result of litigation) that have also not been assumed by the Sponsor. The only source of funds to cover those liabilities will be sales of Digital Assets held by the Fund. Even if there are no expenses other than those assumed by the Sponsor, and there are no other liabilities of the Fund, the Fund will still need to sell Digital Assets to pay the Sponsor’s fee. The result of these sales is a decrease in the amount of Digital Assets represented by each Share. </div><div> There have been no extraordinary or non-routine expenses during the periods presented. </div><div> To cover the Sponsor’s fee and expenses not assumed by the Sponsor, the Sponsor or its delegate will cause the Fund to convert Digital Assets into U.S. dollars generally at the price available through the Prime Broker’s Coinbase Prime service (less applicable trading fees) through the Trading Platform which the Sponsor is able to obtain using commercially reasonable efforts. The number of Digital Assets represented by a Share will decline each time the Fund pays the Sponsor’s fee or any Fund expenses not assumed by the Sponsor by transferring or selling Digital Assets. The quantity of Digital Assets to be sold to permit payment of the Sponsor’s fee or Fund expenses not assumed by the Sponsor, will vary from time to time depending on the level of the Fund’s expenses and the value of Digital Assets held by the Fund. </div> 500000 0.0019 0.0019 10000000000 7243 17192 500000 500000 0 0 0 0 <span style="text-decoration:underline">Digital Assets Receivable and Payable </span> <div> Digital assets receivable or payable represents the quantity of digital assets covered by contractually binding orders for the creation or redemption of Shares respectively, where the digital asset has not yet been transferred to or from the Fund's account. Generally, ownership of the Digital Assets is transferred within one business day of the trade date (referred to as "T+1"). </div> P1D <span style="text-decoration: underline;">Income Taxes</span> <div> The Trust is organized and operated as a statutory trust in accordance with the provisions of the Declaration of Trust and applicable Delaware law. The Fund is treated as a partnership for U.S. federal income tax purposes. The Fund does not record a provision for U.S. federal, U.S. state or local income taxes because the Shareholders report their share of the Fund’s income or loss on their income tax returns. The Fund files annual partnership returns, and each U.S. Shareholder is required to report on its U.S. federal income tax return its allocable share of the income, gain, loss, deductions and credits reflected on such partnership returns. </div><div> The Fund is required to determine whether its tax positions are more likely than not to be sustained on examination by the applicable taxing authority, based on the technical merits of the position. Tax positions not deemed to meet a more likely than not threshold would be recorded as a tax expense in the current year. As of September 30, 2026 and December 31, 2025, the Trust and the Fund have determined that no provision for income taxes is required and no liability for unrecognized tax benefits has been recorded. However, the Trust’s and the Fund's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, U.S. state, and other tax laws of jurisdictions in which the Trust and the Fund operate; and changes in the administrative practices and precedents of the relevant authorities. The Fund is required to analyze all open tax years. Open tax years are those years that are open for examination by the relevant income taxing authority. </div> 0 0 0 0 <span style="text-decoration: underline;">Creation and Redemption of Shares</span> <div> The Fund issues and redeems Creation Units on a continuous basis. Creation Units are issued or redeemed in exchange for an amount of Digital Assets and/or cash as determined by the Administrator on each day that Cboe BZX Exchange is open for regular trading. </div><div> For creation transactions conducted in cash, the amount of cash required to be delivered to the Fund will equal the amount of cash needed to purchase the amount of Digital Assets represented by the Creation Unit(s) being created, as calculated by the Administrator, plus applicable fees, costs and adjustments. For redemption transactions conducted in cash, the Sponsor will arrange for the Digital Assets represented by the Creation Unit(s) being redeemed to be sold and the cash proceeds, after applicable fees, costs and adjustments, distributed. No Shares are issued until the corresponding amount of Digital Assets have been received in the Fund’s Trading Balance. Creation Units may be created or redeemed only by Authorized Participants, who pay (1) a transaction fee for each order to create or redeem Creation Units; (2) transfer, processing and other transaction costs charged by the Digital Asset Custodian in connection with the issuance or redemption of Creation Units for such order; and (3) any other expenses, taxes, charges or adjustments. </div><div> Creation Units will be sold at a per-Share offering price that will vary depending on, among other things, the price of Digital Assets and the trading price of the Shares on the Cboe BZX Exchange, Inc. at the time of the offer. Shares offered at different times may have different offering prices. Prior to the commencement of the Fund’s investment operations on February 20, 2025, there was no public market for the Shares. </div><div> Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Balance at July 1, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Creation of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Redemption of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Balance at September 30, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div> Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div> Changes in the Shares for the nine months from January 1, 2026 to September 30, 2026 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Shares </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Amount^#</td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Balance at January 1, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">450,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">11,724,073</td><td style="width: 1%; text-align: left;"> </td> </tr><tr> <td><span style="letter-spacing: normal; text-indent: -9.6px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Creation of Shares</span></td> <td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%; text-align: right;">450,000</td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7,295,474</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Redemption of Shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> <div> Balance at September 30, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div> Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> # </div> <div> Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption. </div> </div><div style="text-indent: -27pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> ^ </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div> <div> Changes in the Shares for the quarter from July 1, 2026 to September 30, 2026 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Balance at July 1, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">17,410,859</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Creation of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,608,688</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Redemption of Shares </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Balance at September 30, 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><div> Changes in the Shares for the quarter from July 1, 2025 to September 30, 2025 are as follows: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,197</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,060,911</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div> Changes in the Shares for the nine months from January 1, 2026 to September 30, 2026 are as follows: </div><div> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Shares </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Amount^#</td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Balance at January 1, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">450,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td><td style="width: 9%; text-align: right;">11,724,073</td><td style="width: 1%; text-align: left;"> </td> </tr><tr> <td><span style="letter-spacing: normal; text-indent: -9.6px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Creation of Shares</span></td> <td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%; text-align: right;">450,000</td><td style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td><td style="width: 9%; text-align: right;">7,295,474</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Redemption of Shares </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(100,000</td><td style="width: 1%; text-align: left;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,981,975</td><td style="width: 1%; text-align: left;">) </td> </tr> <tr> <td> <div> Balance at September 30, 2026 </div> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">800,000</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">17,037,572</td><td style="width: 1%; text-align: left;"> </td> </tr> </table><div>  </div><div> Changes in the Shares for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Shares</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">Amount^#</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,480,449</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">150,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,044,659</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> – </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="vertical-align: bottom;"> <div> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">250,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,525,108</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> # </div> <div> Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption. </div> </div><div style="text-indent: -27pt; padding-left: 27pt; clear: both;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> ^ </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div> 800000 17410859 100000 1608688 100000 1981975 800000 17037572 150000 3464197 100000 3060911 0 0 250000 6525108 450000 11724073 450000 7295474 100000 1981975 800000 17037572 100000 2480449 150000 4044659 0 0 250000 6525108 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 3. </div> <div> <span style="text-decoration: underline;">INVESTMENT IN DIGITAL ASSETS</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter from July 1, 2026 to September 30, 2026: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">155.4365</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,186,529</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19.4299</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,256,943</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0731</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,974</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(72,387</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,159,836</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">155.3730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,004,293</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">806.8154</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,285,265</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100.8278</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">188,637</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.3793</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(781</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,035</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">951,280</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">806.4596</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,172,505</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of XRP</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">609,842.6656</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">639,908</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">76,212.1900</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">84,104</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(286.6609</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(334</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(14,245</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">313,093</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">609,573.7670</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">914,361</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Solana</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,398.9017</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">406,915</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">674.7520</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51,546</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2.5376</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(214</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,920</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">248,525</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,396.5714</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">639,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Dogecoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,502,862.6388</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">108,567</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">187,813.7500</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(706.4000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,513</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">42,035</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,502,200.6472</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">143,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Cardano</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">374,121.9642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">55,818</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">46,760.1993</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,820</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(175.9506</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(32</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,187</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">44,084</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">373,963.5206</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">93,809</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> Quantity of Stellar Lumens </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> Amount in US$ </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Beginning balance at July 1, 2026 </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">257,543.7911</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;">$</td><td style="text-align: right; width: 9%; white-space: nowrap; vertical-align: bottom;">52,473</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">32,187.3300</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">6,035</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(32,177.8060</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(5,979</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(121.0678</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(22</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(709</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr> <td> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">7,005</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Balance at September 30, 2026 </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">257,432.2473</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">58,803</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> </table><div>  </div><div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter July 1, 2025 to September 30, 2025: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; background-color: rgb(204, 238, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Beginning balance at July 1, 2025</span></td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">33.2484</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,609,446</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22.1644</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,598,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0028</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">304</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">121,693</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">55.4156</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">182.6830</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">456,764</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">121.7607</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">462,617</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0711</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(304</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">116</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">338,121</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">304.3726</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,257,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the nine months from January 1, 2026 to September 30, 2026: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">87.3467</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,639,607</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">87.3647</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,672,121</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.2344</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">16,831</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.1525</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(12,396</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(74,383</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,284,167</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">155.3730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,004,293</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">474.4721</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,409,918</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">460.5949</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">844,614</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(26.8788</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(54,001</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.9243</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,013</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,444</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(25,915</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">252,207</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">806.4596</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,172,505</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of XRP</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">330,323.8883</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">603,733</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">338,714.8921</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">411,761</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">17,407.8747</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">23,259</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(678.4604</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(890</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(14,420</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(917</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">609,573.7670</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">914,361</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Solana</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; background-color: rgb(204, 238, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Beginning balance at January 1, 2026</span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,694.9332</td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">336,139</td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,922.2463</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">218,382</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">459.8864</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40,141</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5.9498</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(510</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,824</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">112,716</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,396.5714</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">639,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Dogecoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">749,351.1329</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">88,273</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">813,162.3558</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">69,270</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">129,068.0000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">12,845</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,611.4999</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(142</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,537</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(6,070</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,502,200.6472</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">143,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Cardano</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">213,170.9930</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">70,709</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">211,308.4759</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">43,406</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,381.1200</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">548</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,732.5933</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,598</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(421.7827</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(94</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,215</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(637</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,616</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">373,963.5206</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">93,809</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Chainlink</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,233.4330</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">39,244</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,077.2271</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,732</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,309.4432</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(38,673</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on Chainlink sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2169</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(50</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from Chainlink sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from Chainlink sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(11,348</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in Chainlink </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,098</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Stellar Lumens</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">144,668.9849</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">29,245</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">144,767.4958</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">26,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,310.8000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,569</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,849.5845</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(921</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(287.6429</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(717</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(443</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">9,819</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">257,432.2473</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">58,803</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div> The following represents the changes in quantity of Digital Assets held and the respective fair value for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22.1248</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,173,344</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">33.1851</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,155</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.1889</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19,797</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0832</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(7,120</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(976</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">680,537</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">55.4156</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">123.5548</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">340,034</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">185.2175</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">580,504</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.3590</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,120</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(7.7587</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19,797</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,291</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">348,162</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">304.3726</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,257,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> ^ </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</div> </div> <div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter from July 1, 2026 to September 30, 2026: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">155.4365</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,186,529</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19.4299</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,256,943</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0731</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,974</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(72,387</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,159,836</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">155.3730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,004,293</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">806.8154</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,285,265</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">100.8278</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">188,637</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.3793</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(781</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,035</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">951,280</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">806.4596</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,172,505</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of XRP</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">609,842.6656</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">639,908</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">76,212.1900</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">84,104</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(286.6609</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(334</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(14,245</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">313,093</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">609,573.7670</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">914,361</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Solana</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,398.9017</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">406,915</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">674.7520</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">51,546</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2.5376</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(214</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,920</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">248,525</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,396.5714</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">639,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Dogecoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,502,862.6388</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">108,567</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">187,813.7500</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(706.4000</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,513</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">42,035</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,502,200.6472</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">143,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Cardano</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">374,121.9642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">55,818</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">46,760.1993</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,820</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(175.9506</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(32</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,187</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">44,084</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">373,963.5206</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">93,809</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> Quantity of Stellar Lumens </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td colspan="2" style="font-weight: bold; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> Amount in US$ </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Beginning balance at July 1, 2026 </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">257,543.7911</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;">$</td><td style="text-align: right; width: 9%; white-space: nowrap; vertical-align: bottom;">52,473</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Stellar lumens purchased for the creation of Shares </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">32,187.3300</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">6,035</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Stellar lumens sold for the redemption of Shares </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(32,177.8060</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(5,979</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Principal on stellar lumens sales to pay expenses </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(121.0678</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(22</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;">(709</td><td style="text-align: left; width: 1%; vertical-align: bottom;">) </td> </tr> <tr> <td> <div> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <div> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> - </td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">7,005</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> <tr> <td> <div> Balance at September 30, 2026 </div> </td> <td style="width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> </td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">257,432.2473</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> <td style="width: 1%; vertical-align: bottom;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;">58,803</td><td style="text-align: left; width: 1%; vertical-align: bottom;"> </td> </tr> </table><div>  </div><div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the quarter July 1, 2025 to September 30, 2025: </div><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; background-color: rgb(204, 238, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Beginning balance at July 1, 2025</span></td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">33.2484</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,609,446</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22.1644</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,598,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0028</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">304</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">121,693</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">55.4156</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at July 1, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">182.6830</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">456,764</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">121.7607</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">462,617</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0711</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(304</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">116</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">338,121</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">304.3726</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,257,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div> The following represents the changes in quantity of Digital Assets held and the respective fair value during the nine months from January 1, 2026 to September 30, 2026: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">87.3467</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,639,607</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">87.3647</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,672,121</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.2344</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">16,831</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19.4203</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,521,654</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.1525</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(12,396</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(74,383</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,284,167</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">155.3730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">13,004,293</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">474.4721</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,409,918</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">460.5949</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">844,614</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(100.8043</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(250,861</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(26.8788</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(54,001</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.9243</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,013</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,444</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(25,915</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">252,207</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">806.4596</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,172,505</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of XRP</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">330,323.8883</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">603,733</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">338,714.8921</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">411,761</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">17,407.8747</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">23,259</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(76,194.4277</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(108,165</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> XRP sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on XRP sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(678.4604</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(890</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(14,420</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from XRP sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in XRP </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(917</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">609,573.7670</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">914,361</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Solana</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; background-color: rgb(204, 238, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Beginning balance at January 1, 2026</span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,694.9332</td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">336,139</td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,922.2463</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">218,382</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">459.8864</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">40,141</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(674.5447</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(69,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Solana sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on solana sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5.9498</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(510</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,824</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from solana sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in solana </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">112,716</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,396.5714</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">639,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Dogecoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">749,351.1329</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">88,273</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">813,162.3558</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">69,270</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">129,068.0000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">12,845</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(187,769.3416</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(15,909</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dogecoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on dogecoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,611.4999</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(142</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,537</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from dogecoin sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in dogecoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(6,070</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,502,200.6472</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">143,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Cardano</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">213,170.9930</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">70,709</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">211,308.4759</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">43,406</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,381.1200</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">548</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(46,742.6923</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(9,694</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cardano sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,732.5933</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,598</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on cardano sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(421.7827</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(94</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,215</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from cardano sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(637</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in cardano </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,616</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">373,963.5206</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">93,809</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Chainlink</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,233.4330</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">39,244</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,077.2271</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">9,732</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Chainlink sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(4,309.4432</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(38,673</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on Chainlink sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1.2169</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(50</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from Chainlink sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(3</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from Chainlink sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(11,348</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in Chainlink </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,098</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Stellar Lumens</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at January 1, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">144,668.9849</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">29,245</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">144,767.4958</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">26,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,310.8000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,569</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(32,177.8060</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,979</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stellar lumens sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(5,849.5845</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(921</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on stellar lumens sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(287.6429</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(53</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from stellar lumens sold for the redemption of Shares and to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(717</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from stellar lumens sold for rebalancing </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(443</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in stellar lumens </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">9,819</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">257,432.2473</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">58,803</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div> The following represents the changes in quantity of Digital Assets held and the respective fair value for the period from February 20, 2025 (Date of commencement of operations) to September 30, 2025: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Bitcoin</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">22.1248</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,173,344</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">33.1851</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,464,155</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.1889</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">19,797</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Bitcoin sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.0832</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(7,120</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on bitcoin sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from bitcoin sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(976</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in bitcoin </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">680,537</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">55.4156</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,329,737</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Quantity of Ether</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">Amount in US$</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Beginning balance at February 20, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">123.5548</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">340,034</td><td style="vertical-align: bottom; text-align: left; width: 1%;">^</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the creation of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">185.2175</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">580,504</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether purchased for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3.3590</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">7,120</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the rebalancing of Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(7.7587</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(19,797</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ether sold for the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Principal on ether sales to pay expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized gain (loss) from ether sold for rebalancing and the redemption of Shares </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,291</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net change in unrealized appreciation (depreciation) on investment in ether </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">348,162</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at September 30, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">304.3726</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,257,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> ^ </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund.</div> </div> 155.4365 9186529 19.4299 1256943 0 0 -19.4203 1521654 0 0 -0.0731 4974 -72387 0 4159836 155.373 13004293 806.8154 1285265 100.8278 188637 0 0 -100.8043 250861 0 0 -0.3793 781 -1035 951280 806.4596 2172505 609842.6656 639908 76212.19 84104 0 0 -76194.4277 108165 0 0 -286.6609 334 -14245 0 313093 609573.767 914361 5398.9017 406915 674.752 51546 0 0 -674.5447 69713 0 0 -2.5376 214 2920 0 248525 5396.5714 639979 1502862.6388 108567 187813.75 13603 0 0 -187769.3416 15909 0 0 -706.4 53 -4513 0 42035 1502200.6472 143730 374121.9642 55818 46760.1993 7820 0 0 -46742.6923 9694 0 0 -175.9506 32 -4187 0 44084 373963.5206 93809 257543.7911 52473 32187.33 6035 0 0 -32177.806 5979 0 0 -121.0678 22 -709 0 7005 257432.2473 58803 33.2484 3609446 22.1644 2598294 0.0028 304 0 0 0 0 121693 55.4156 6329737 182.683 456764 121.7607 462617 0 0 -0.0711 -304 0 0 0 116 338121 304.3726 1257314 87.3467 7639607 87.3647 5672121 0.2344 16831 -19.4203 1521654 0 0 -0.1525 12396 -74383 0 1284167 155.373 13004293 474.4721 1409918 460.5949 844614 0 0 -100.8043 250861 -26.8788 -54001 -0.9243 2013 -1444 -25915 252207 806.4596 2172505 330323.8883 603733 338714.8921 411761 17407.8747 23259 -76194.4277 108165 0 0 -678.4604 890 -14420 0 -917 609573.767 914361 2694.9332 336139 2922.2463 218382 459.8864 40141 -674.5447 69713 0 0 -5.9498 510 2824 0 112716 5396.5714 639979 749351.1329 88273 813162.3558 69270 129068 12845 -187769.3416 15909 0 0 -1611.4999 142 -4537 0 -6070 1502200.6472 143730 213170.993 70709 211308.4759 43406 2381.12 548 -46742.6923 9694 -5732.5933 -1598 -421.7827 94 -4215 -637 -4616 373963.5206 93809 3233.433 39244 1077.2271 9732 0 0 0 0 -4309.4432 -38673 -1.2169 50 -3 -11348 1098 0 0 144668.9849 29245 144767.4958 26283 6310.8 1569 -32177.806 5979 -5849.5845 -921 -287.6429 53 -717 -443 9819 257432.2473 58803 22.1248 2173344 33.1851 3464155 0.1889 19797 -0.0832 -7120 0 -976 680537 55.4156 6329737 123.5548 340034 185.2175 580504 3.359 7120 -7.7587 -19797 0 0 0 1291 348162 304.3726 1257314 4000 25 100000 100000 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 4. </div> <div> <span style="text-decoration: underline;">RELATED PARTIES</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> The Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day oversight over such service providers. The Sponsor, with assistance and support from the Administrator, is responsible for preparing and filing periodic reports on behalf of the Trust and the Fund with the SEC and will provide any required certification for such reports. The Sponsor has designated the independent registered public accounting firm of the Trust on behalf of the Fund and may from time to time employ legal counsel for the Fund. </div><div>  </div><div> Franklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates, and each is considered to be a related party to the Trust and the Fund. Franklin Templeton, Inc. (formerly, Franklin Resources, Inc.) is the ultimate parent company of the Sponsor and the Marketing Agent. Franklin Templeton, Inc. is the holding company for various subsidiaries that together are referred to as Franklin Templeton. </div><div>  </div><div> The Sponsor is a related party of the Trust and the Fund. The Fund pays the Sponsor a unitary fee for services performed pursuant to the Sponsor Agreement. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee.</div><div> </div><div> The Trust also considers Franklin Templeton, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of September 30, 2026, no Shares of the Fund were held by a related party. </div> 0 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 5. </div> <div> <span style="text-decoration: underline;">CONCENTRATION OF RISK</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> The Fund holds only Digital Assets and cash, which creates a concentration risk associated with fluctuations in the price of Digital Assets. Accordingly, a decline in the price of Digital Assets will have an adverse effect on the value of the Shares of the Fund. The trading prices of Digital Assets have experienced extreme volatility in recent periods and may continue to fluctuate significantly. Extreme volatility in the future, including substantial, sustained, or rapid declines in the trading prices of Digital Assets, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value. Factors adversely impacting the value of Digital Assets and the Shares may include an increase in the global Digital Assets supply or a decrease in global Digital Assets demand; market conditions of, and overall sentiment towards, the Digital Assets and blockchain technology industry; trading activity on Digital Asset platforms, which may be unregulated or subject to regulation by a relevant jurisdiction but potentially non-compliant with such regulations or may be subject to manipulation; the adoption of Digital Assets as a medium of exchange, store-of-value or other consumptive asset and the maintenance and development of the open-source software protocol of the Digital Asset network, and their ability to meet user demands; manipulative trading activity on Digital Asset platforms; and forks in the Digital Asset network, among other things. </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 6. </div> <div> <span style="text-decoration: underline;">FINANCIAL HIGHLIGHTS</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="6" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the Three Months<span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>Ended September 30,</span> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the Nine Months<span style="text-decoration-thickness: initial; display: block;"><br/></span>Ended September 30,</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td colspan="1" style="text-align: center; font-weight: bold; width: 1%;"> </td><td colspan="2" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the period<span style="text-decoration-thickness: initial; display: block;"><br/></span>February 20, 2025<span style="text-decoration-thickness: initial; display: block;"><br/></span>(Date of<span style="text-decoration-thickness: initial; display: block;"><br/></span>commencement of<span style="text-decoration-thickness: initial; display: block;"><br/></span>operations) through<span style="text-decoration-thickness: initial; display: block;"><br/></span>September 30,</span> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2025 </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net asset value per Share, beginning of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">14.67</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27.11</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">22.70</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"></td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 25.13</td><td style="clear: both; text-align: left; width: 1%; vertical-align: bottom;"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">^(a)</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net investment loss^(b) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized and unrealized gain (loss) on investment in Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.24</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.39</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.22</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net increase (decrease) in net assets from operations^(c) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.23</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.21</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net asset value per Share, end of period </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total return, at net asset value^(d)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45.06</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.91</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">20.73</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ratio to average net assets^(e) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net investment loss </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%; white-space: nowrap;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.04</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Gross expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">0.07</td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;">%^(f)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">0.04</td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%^(f)</span></td> </tr> </table><div style="clear: both;"> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (a) </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (b) </div> <div> Calculated using average Shares outstanding. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (c) </div> <div> The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment.</div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (d) </div> <div> Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP Total return for periods of less than a year are not annualized. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (e) </div> <div> Annualized. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (f) </div> <div> From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. </div> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="6" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the Three Months<span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>Ended September 30,</span> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the Nine Months<span style="text-decoration-thickness: initial; display: block;"><br/></span>Ended September 30,</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td colspan="1" style="text-align: center; font-weight: bold; width: 1%;"> </td><td colspan="2" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the period<span style="text-decoration-thickness: initial; display: block;"><br/></span>February 20, 2025<span style="text-decoration-thickness: initial; display: block;"><br/></span>(Date of<span style="text-decoration-thickness: initial; display: block;"><br/></span>commencement of<span style="text-decoration-thickness: initial; display: block;"><br/></span>operations) through<span style="text-decoration-thickness: initial; display: block;"><br/></span>September 30,</span> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td colspan="1" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> 2025 </td><td colspan="1" style="text-align: center; font-weight: bold; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net asset value per Share, beginning of period</span> </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">14.67</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27.11</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">22.70</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"></td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 25.13</td><td style="clear: both; text-align: left; width: 1%; vertical-align: bottom;"><span style="letter-spacing: normal; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">^(a)</span></td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net investment loss^(b) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.03</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.01</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net realized and unrealized gain (loss) on investment in Digital Assets </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.62</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.24</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.39</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.22</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net increase (decrease) in net assets from operations^(c) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">6.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3.23</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1.42</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">5.21</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net asset value per Share, end of period </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">21.28</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; clear: both; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; clear: both; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">30.34</td><td style="vertical-align: bottom; clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total return, at net asset value^(d)</div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">45.06</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.91</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(6.26</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">20.73</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Ratio to average net assets^(e) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> </td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net investment loss </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.07</td><td style="vertical-align: bottom; text-align: left; width: 1%; white-space: nowrap;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(0.04</td><td style="vertical-align: bottom; text-align: left; width: 1%;">)%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Gross expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">0.07</td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;">%^(f)</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">0.04</td><td style="vertical-align: bottom; text-align: left; white-space: nowrap; width: 1%;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%^(f)</span></td> </tr> </table><div style="clear: both;"> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (a) </div> <div> On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (b) </div> <div> Calculated using average Shares outstanding. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (c) </div> <div> The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment.</div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (d) </div> <div> Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP Total return for periods of less than a year are not annualized. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (e) </div> <div> Annualized. </div> </div><div style="text-indent: -17.7pt; padding-left: 33.05pt; clear: both;"> <div style="float: left; width: 17.7pt; white-space: nowrap;"> (f) </div> <div> From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s fee on the first $10.0 billion of the Fund’s assets. </div> </div> 14.67 27.11 22.7 25.13 -0.01 -0.01 -0.03 -0.01 6.62 3.24 -1.39 5.22 6.61 3.23 -1.42 5.21 21.28 30.34 21.28 30.34 0.4506 0.1191 -0.0626 0.2073 -0.0019 -0.0007 -0.0019 -0.0004 0.0019 0.0019 0.0019 0.0019 0.0019 0.0007 0.0019 0.0004 4000 25 100000 100000 2 100000 11.06240875 61.7774073 22.1248175 123.5548146 22.1248175 97227.8 123.5548146 2665.23 2480449.33 22.1248175 123.5548146 100000 24.8 <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 7. </div> <div> <span style="text-decoration: underline;">COMMITMENTS AND CONTINGENCIES</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div style="text-align: justify;"> In the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 8. </div> <div> <span style="text-decoration: underline;">INDEMNIFICATION</span> </div> </div><div style="text-indent: -36pt; padding-left: 72pt;">  </div><div> Under the Trust’s organizational documents, the Sponsor and its shareholders, members, directors, affiliates, officers, employees and subsidiaries are indemnified by the Trust against certain liabilities. The Fund has also agreed to indemnify certain of its other service providers, including the Administrator, the Marketing Agent, the Custodians and the Trustee (including its officers, affiliates, directors, employees, and agents), for certain liabilities incurred by such parties in connection with their respective agreements to provide services for the Fund. </div><div>  </div><div> The Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any Digital Assets or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. </div><div>  </div><div> The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. </div><div> The Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 9. </div> <div> <span style="text-decoration: underline;">OPERATING SEGMENTS</span> </div> </div><div style="clear: both;">  </div><div> The Fund, which is the sole series of the Trust, and the Trust operate as a <span style="-sec-ix-hidden: hidden-fact-5">single</span> operating segment, which is an investment portfolio. Executive officers of the Fund’s Sponsor perform the functions of the Chief Operating Decision Maker (“CODM”), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively. Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements. </div><div>  </div><div> For information regarding segment assets, segment profit or loss, and significant expenses, refer to the Statements of Assets and Liabilities and the Statements of Operations, along with the related Notes to Financial Statements. The Schedules of Investments provide details of the Fund’s investments that generate returns such as realized and unrealized gains or losses. Performance metrics and expense ratios are disclosed in the Financial Highlights. </div> <div style="text-indent: -36pt; padding-left: 72pt;"> <div style="float: left; width: 36.0pt; white-space: nowrap;"> 10. </div> <div> <span style="text-decoration: underline;">SUBSEQUENT EVENTS</span> </div> </div><div> </div><div> On October 6, 2026, the IRS released Rev. Proc. 2026-20 establishing new conditions to rely on a safe harbor for certain trusts that qualify as grantor trusts under applicable regulations, which includes the Fund, that allows staking of the trust's digital assets without jeopardizing tax status as investment trusts and grantor trusts for federal income tax purposes. The new guidance supersedes prior IRS guidance regarding staking within the grantor trust structure and provides a six-month implementation compliance period for an existing qualifying trust. The Sponsor is evaluating the impact of this guidance on the Trust and the Fund. </div><div> </div><div> The Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events other than the foregoing have occurred that require disclosure. </div> false false false false 10000000000 1 1 0002033807 false Q3 --12-31 Unlimited Unlimited Unlimited Unlimited Cost of investments in Digital Assets: $16,583,491 at September 30, 2026 and $11,421,283 at December 31, 2025. No par value, unlimited amount authorized. Net increase (decrease) in net assets per Share based on average Shares outstanding during the period. The change in Financial highlights may not agree with Net increase (decrease) in net assets per Share because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. Calculated using average Shares outstanding. The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment. Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP. Total return for periods of less than a year are not annualized. Annualized. From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s Fee on the first $10.0 billion of the Fund’s assets. Dollar amount of balance represents the cumulative fair value of creation of Shares less the redemption of Shares, at the time of the specific creation or redemption. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two Creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. On January 22, 2025, Franklin Resources, Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on January 22, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On February 10, 2025, the Initial Seed Shares were redeemed for $100,000, and the Seed Capital Investor purchased two creation Units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 11.06240875 bitcoin and 61.7774073 ether per Creation Unit, for a total of 22.1248175 bitcoin and 123.5548146 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 22.1248175 bitcoin at the price of $97,227.80 per bitcoin and 123.5548146 ether at the price of $2,665.23 per ether on February 10, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to bitcoin and ether respectively, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,480,449.33 (an amount representing 22.1248175 bitcoin and 123.5548146 ether) representing 100,000 Shares at a per-Share price equal to $24.80. Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. Calculated using average Shares outstanding. The amount shown for a Share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s Shares in relation to fluctuating market values for the Fund’s underlying investment. Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP Total return for periods of less than a year are not annualized. Annualized.