Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of DEFI Shares:
The Fund creates and redeems Shares from time
to time, but only in one or more Creation Baskets or Redemption Baskets. On any business day, an Authorized Purchaser may place an order
with the transfer agent to redeem one or more baskets. By placing a redemption order, an Authorized Purchaser agrees to deliver the baskets
to be redeemed through DTC’s book-entry system to the Fund by the end of the next business day following the effective date of the
redemption order or by the end of such later business day. Prior to the delivery of the redemption distribution for a redemption order,
the Authorized Purchaser must also have wired to the Sponsor’s account at the Custodian the non-refundable transaction fee due for
the redemption order. The below table sets forth the number of Shares redeemed during the fiscal quarter ending September 30, 2024.
Period
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Maximum
Number (or
Approximate
Dollar Value) of
Shares that
May Yet Be
Purchased
Under the Plans
or Programs
July 1 to July 31, 2024
—
$
N/A
N/A
N/A
August 1 to August 31, 2024
—
$
N/A
N/A
N/A
September 1 to September 30, 2024
—
$
N/A
N/A
N/A
Total
—
$
—
January 1 to September 30, 2024
240,000
$
77.41
N/A
N/A
Item 3. Defaults Upon Senior Securities
None.
13
Item 4. Mine Safety Disclosures
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.