Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase
of Equity Securities
The
principal trading market for the Trust’s Shares is the NYSE Arca. The Shares trade under the symbol “DEFI.”
As
of December 31, 2025, there were 120,000 Shares outstanding held by 3,203 DTC participating shareholders of record of the Trust.
Because most of the Trust’s Shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate
the total number of shareholders represented by these record holders.
25
Issuer
Purchases of Equity Securities
The
Sponsor, the Trust and the Fund do not purchase Shares directly from shareholders. In connection with the redemption of Baskets, the
Trust redeemed 40,000 Shares (four (4) Baskets) during the year ended December 31, 2025, and zero Shares (zero Baskets) during the three
months ended December 31, 2025, as set forth in the table below.
Total
Number of Shares
Average
Price Per
Period
Redeemed
Share
10/1/25
to 10/31/25
0
$
0
11/1/25
to 11/30/25
0
$
0
12/1/25
to 12/31/25
0
$
0
Total
0
Dividends
Neither
the Trust nor the Fund has made, and there are no plans to make any cash distributions to shareholders.
Item 6. [Reserved.]
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.