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, 2025.
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, 2025
—
$ N/A
N/A
N/A
August 1 to August 31, 2025
—
$ N/A
N/A
N/A
September 1 to September 30, 2025
—
$ N/A
N/A
N/A
Total
—
$ —
July 1 to September 30, 2025
—
$ —
N/A
N/A
F- 28
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.