Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 640 Baskets (6,400,000 Shares) during the period from July 23, 2024 (the commencement of the Trust’s operations) to September 30, 2024:
+Added: Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 440 Baskets (4,400,000 Shares) during the three months ended March 31, 2025:
Total Number of Shares of ETH Redeemed
Average Price Paid per Share of ETH (1)
−Removed: July 1, 2024 - July 31, 2024
−Removed: August 1, 2024 - August 31, 2024
−Removed: September 1, 2024 - September 30, 2024
+Added: January 1, 2025 - January 31, 2025
+Added: February 1, 2025 - February 28, 2025
+Added: March 1, 2025 - March 31, 2025
+Added: (1) The Price Paid per Share is based on the NAV per Share, which is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date.
+Added: The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms.
Defaults Upon Senior Securities
2 unchanged sentences
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.