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 June 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
April 1 to April 30, 2024
20,000
$ 81.11
N/A
N/A
May 1 to May 31, 2024
—
$ N/A
N/A
N/A
June 1 to June 30, 2024
—
$ N/A
N/A
N/A
Total
20,000
$ 81.11
January 1 to June 30, 2024
240,000
$ 77.41
N/A
N/A
Item 3. Defaults Upon Senior Securities
None.
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.