Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s
Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The Shares
of the Trust are listed in the accompanying table. The date the Shares of the Trust began trading, their symbols and their primary listing
exchange are indicated below:
Trust
Commencement of Operations
Ticker Symbol
Name of each exchange on which registered
Canary Litecoin ETF
October 27, 2025
LTCC
The
Nasdaq Stock Market, LLC
20
As of February 25, 2026, there
were approximately 42 DTC participating Shareholders of record of the Trust. Because 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.
The Trust made no distributions
to Shareholders during the period ended December 31, 2025. The Trust has no obligation to make periodic distributions to Shareholders.
a)
On September 22, 2025, Charlie Lee purchased 40,000 Shares at a per-Share price of $25.00 (the
“Seed Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act. Total proceeds to the Trust
from the sale of the Seed Shares was $1,000,000. The Trust’s Shares began trading on the Exchange on October 28, 2025 and since
that date, through December 31, 2025, the Trust sold 370,000 Shares for aggregate proceeds of $8,815,984, including the Seed Shares.
b) Not applicable.
c) There were no redemptions during the period from inception on October 27, 2025, through December 31, 2025.
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.