What changed in this filing

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Item 4. Controls and Procedures

2026-05-12 compared with 2025-11-14 · 23 added, 24 removed, 4 unchanged (92% of the section changed)

1 unchanged sentence

Disclosure Controls and Procedures

The Trust and the Fund maintain disclosure

controls and procedures that are designed to ensure that information required to be disclosed in the Trust’s periodic reports

filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed,

summarized and reported within the time period specified in the SEC’s rules and forms for the Trust and the Fund thereof.

Management of the Sponsor of the Fund (“Management”),

including Guillermo Trias, the Sponsor’s Principal Executive Officer and Ronnie Riven, the Sponsor’s Principal Financial

Officer, who perform functions equivalent to those of a principal executive officer and principal financial officer of the Trust

if the Trust had any officers, have evaluated the effectiveness of the design and operation of the Trust and the Fund’s disclosure

controls and procedures (as defined in Rule 13a-15(e) or 15d- 15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”) as of the end of the period covered by this report, and, based upon that evaluation, concluded that the Trust’s

and the Fund’s disclosure controls and procedures were effective as of the end of such period, to ensure that information

the Trust is required to disclose in the reports that it files or submits with the SEC under the Exchange Act is recorded, processed,

summarized and reported, within the time periods specified in the SEC’s rules and forms, and to ensure that information required

to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated to

management of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure.

The scope of the evaluation

of the effectiveness of the design and operation of its disclosure controls and procedures covers the Trust, as well as separately

for the Fund.

The certifications of the Chief Executive Officer and Chief

Financial Officer are applicable to the Fund as well as the Trust as a whole.

Changes in Internal Control over Financial Reporting

Under the supervision and with the participation

of Management, including its Principal Executive Officer and Principal Financial Officer, the Trust and the Fund conducted an evaluation

of the effectiveness of the design and operation of its disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)

under the Exchange Act) as of March 31, 2026.

Based on that evaluation, the Principal Executive Officer and Principal Financial Officer

concluded that the Trust’s and the Fund’s disclosure controls and procedures were effective as of March 31, 2026 to provide

reasonable assurance that information required to be disclosed by the Trust in the reports that it files or submits under the Exchange

Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such

information is accumulated and communicated to Management to allow timely decisions regarding required disclosure.

There are inherent limitations to the effectiveness

of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the

controls and procedures.

The certifications of the Chief Executive Officer

and Chief Financial Officer are applicable to the Fund as well as the Trust as a whole.

Changes in Internal Control over Financial

There has been no change in the Trust’s

or the Fund’s internal controls over the financial reporting (as defined in the Rules 13a-15(f) and 15d-15(f) of the Exchange

Act) that occurred during the Trust’s last fiscal quarter that has materially affected, or is reasonably likely to materially

affect, the Trust’s or the Fund’s internal control over financial reporting.

or the Fund’s internal controls over the financial reporting (as defined in the Rules 13a-15(f) and 15d-15(f) of the Exchange Act)

that occurred during the Trust’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect,

the Trust’s or the Fund’s internal control over financial reporting.

OTHER INFORMATION

Legal Proceedings

Neither the Trust, the Fund nor the Sponsor are

currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against the

Trust, the Fund or the Sponsor.

Not applicable to smaller reporting companies.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures