7 unchanged sentences
(b) Not applicable
−Removed: (c) Although the Trust did not redeem Shares directly from its shareholders, the Trust redeemed Baskets from Authorized Participants during the three months ended December 31, 2024 as follows:
+Added: (c) Although the Trust does not redeem Shares directly from its shareholders, the Trust, from time to time, redeems Baskets
+Added: from Authorized Participants.
+Added: During the three months ended December 31, 2025, the Trust’s redemptions of Baskets from Authorized Participants, if any, are provided in the table below:
Period of Redemption
2 unchanged sentences
November 1, 2025 to November 30, 2025
−Removed: December 1, 2024 to Decenber 31, 2024
+Added: December 1, 2025 to December 31, 2025
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.