Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
(a) None.
(b) Not applicable.
(c) The Trust does not
purchase Shares directly from its Shareholders. In connection with its redemption of baskets held by Authorized Participants, the Trust
redeemed 6 baskets (comprising 60,000 Shares) during the quarter ended March 31, 2025. The following table summarizes the redemptions
of Shares by Authorized Participants during the period:
Period
Total Shares Redeemed
Average Price Per Share Redeemed
Maximum number of shares that may yet be purchased
January 21, 2025 (initial seed creation date) – January 31, 2025
February 1, 2025 – February 28, 2025
10,000
$ 25.00
N/A
March 1, 2025 – March 31, 2025
50,000
$ 21.20
N/A
Item 3. Defaults Upon
Senior Securities
None.
Item 4. Mine Safety
Disclosures
Not Applicable.
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.