Hashdex Nasdaq CME Crypto Index ETF 10-K

Item 9A. Controls and Procedures Disclosure Controls and Procedures Under the supervision and with the participation of the management of the Sponsor, including its Principal Executive Officer and Principal Financial Officer, the Trust 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 Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of December 31, 2025. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the Trust’s disclosure controls and procedures were effective as of December 31, 2025 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. Management’s Report on Internal Control over Financial Reporting The management of the Sponsor is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) for the Trust. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Management conducted an evaluation of the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2025, based on the framework in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation, management concluded that the Trust’s internal control over financial reporting was effective as of December 31, 2025. This Annual Report does not include an attestation report of the Trust’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Trust’s registered public accounting firm pursuant to rules of the SEC that permit the Trust to provide only management’s report in this Annual Report. Changes in Internal Control over Financial Reporting There were no changes in the Trust’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the quarter ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, the Trust’s internal control over financial reporting. Item 9B. Other Information No officers or directors of the Sponsor have adopted , modified, or terminated trading plans under either a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act) for the Trust during for the three months ended December 31, 2025. Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections Not applicable. 38 PART III Item 10. Directors, Executive Officers, and Corporate Governance Principals and Key Personnel Responsible for the Management of the Trust The Trust is managed by the Sponsor and has no directors, executive officers or employees. Accordingly, the Trust does not have an audit committee, audit committee financial expert, or nominating committee. Pursuant to the terms of the Trust Agreement, the Trust’s affairs are managed by the Sponsor. The Sponsor is managed by its directors, executive officers and employees, as well as Hashdex, Ltd. (“Hashdex”), the controlling entity of the Sponsor, and its affiliates (collectively with Hashdex, the “Hashdex group”). The following persons perform certain functions with respect to the Trust that, if the Trust had directors or executive officers, would typically be performed by them. Marcelo Sampaio, born in 1980, is the Co-Founder and Executive Chairman of the Hashdex group. In this role, he oversees the overall strategic direction, management, and operational aspects of the firm’s crypto asset management platforms. Prior to founding the Hashdex, Mr. Sampaio co-founded Endless, Inc., serving as Chief Growth Officer. He has also held senior roles at Microsoft and Oracle, where he became the youngest sales director globally. Mr. Sampaio has been investing in digital assets since 2012 and holds a degree in Production Engineering from PUC-Rio. He has completed leadership programs at Harvard Business School and management programs at INSEAD, France. Bruno Caratori, born in 1981, is the Co-Founder, and Global Chief Executive Officer of the Hashdex group. He oversees the firm’s operational activities and product development. Before joining Hashdex, Mr. Caratori led product development at Edmodo and previously worked at Gávea Investimentos and RiskControl. He holds an MBA from Stanford University, a master’s degree in Business Economics from EPGE/FGV, and a bachelor’s degree in Electrical Engineering from PUC-Rio. Bruno Sousa, born in 1982, is one of the Directors of the Sponsor and serves as Chief External Affairs Officer of the Hashdex group. He joined the Sponsor as Head of Legal after a distinguished career at Veirano Advogados, where he led the Fintech practice. Mr. Sousa has nearly two decades of legal experience, with a focus on Corporate and M&A law. He has been recognized by Chambers & Partners and other legal directories for his work in these areas. Mr. Sousa holds an LLB from the Universidade de São Paulo and completed the Fintech Programme at Oxford University’s Saïd Business School. Samir Kerbage, born in 1988, serves as one of the Directors of the Sponsor and Chief Investment Officer of the Hashdex group. He is responsible for overseeing product development, research, and investment management in the company’s crypto asset offerings. Mr. Kerbage holds a degree in Computer Engineering from the Military Institute of Engineering (IME) and has extensive experience in financial market infrastructure and quantitative trading. Prior to joining the Sponsor, he worked at Americas Trading Group and has been involved in the digital assets space since 2016. He began his career as a Military Engineering Officer in the Brazilian Army. Silvia Motta, born in 1983, serves as the Chief Financial Officer of the Hashdex group, where she is responsible for the firm’s financial operations, strategy, and human resources. Ms. Motta holds dual degrees in Electrical Engineering from PUC-Rio and École Centrale de Lyon, and an MBA from Harvard Business School. Her prior experience includes strategic consulting at McKinsey & Company, leading strategy at Coca-Cola Brazil, and managing venture capital investments at Movile. Mick McLaughlin , born in 1970, is the U.S. Chief Executive Officer and Global Head of Distribution of the Hashdex group. Prior to joining Hashdex in 2024, Mr. McLaughlin served as Chief Distribution Officer at Bitwise Asset Management. Earlier in his career, he was Managing Director and Head of ETF Distribution for the Americas at Deutsche Bank and spent more than a decade at BlackRock and Barclays building the iShares ETF business. Mr. McLaughlin holds a degree in Government from California State University-Sacramento. Family Relationships There are no family relationships between the Sponsor’s executive officers. 39 Involvement in Certain Legal Proceedings None of the Sponsor’s executive officers or members of the Sponsor’s Board of Managers has been involved in any of the following events during the past ten years: a) any bankruptcy petition filed by or against any business or property of such person or any partnership or business in which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; b) any conviction in a criminal proceeding or being a named subject of a pending criminal proceeding (excluding traffic violations and other minor offences); c) being the subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; d) being found by a court of competent jurisdiction (in a civil action), the U.S. Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated; e) being the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: (i) any federal or state securities or commodities law or regulation; or (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease- and-desist order, or removal or prohibition order; or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or f) being the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act), any registered entity (as defined in Section 1(a)(40) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member. Code of Ethics The Trust does not have a code of ethics as it does not have any directors, officers, or employees. The Sponsor has adopted and implemented a code of ethics and related policies and procedures (collectively, the “Code of Ethics”) that applies to its executive officers and agents who perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by them. The Code of Ethics is available on request, free of charge, by writing the Sponsor at risk-compliance@hashdex.com. The Sponsor’s Code of Ethics is intended to be a codification of the business and ethical principles that guide the Sponsor, and to deter wrongdoing, to promote honest and ethical conduct, to avoid conflicts of interest, and to foster compliance with applicable governmental laws, rules and regulations, the prompt internal reporting of violations and accountability for adherence to this code Insider Trading Policy The Sponsor has adopted an insider trading policy applicable to the Sponsor’s directors, officers and employees, which is included as an exhibit to this Annual Report. Item 11. Executive Compensation The Trust does not have directors or executive officers. The only ordinary expense paid by the Trust is the Sponsor’s Management Fee. 40 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Security Ownership of Certain Beneficial Owners The following table sets forth information regarding the beneficial ownership of Shares as of December 31, 2025, by each person known to the Trust to beneficially own more than 5% of the outstanding Shares of the Trust as of December 31, 2025, based on information known to the Sponsor. Name and Address of Beneficial Owner Shares Beneficially Owned Percent of Outstanding Shares Hashdex Nasdaq Crypto Index ETF1 142 Seafarers Way, Suite 201, George Town, Grand Cayman, KY1-1102, Cayman Islands 4,000,000 74.91 % 1 Hashdex Nasdaq Crypto Index ETF, is an investment fund organized under the laws of the Cayman Islands and managed by the Sponsor. The Shares were acquired through over-the-counter purchases from Authorized Participants of the Trust in the ordinary course of the fund’s investment activities. There is no binding agreement or commitment to maintain this investment, and the fund may purchase or dispose of the Trust’s Shares at any time based on its investment policies. Security Ownership of Management As of the date of this Annual Report, the Sponsor owned zero Shares of the Trust and none of the principals of the Sponsor owned any Shares of the Trust. Change of Control Neither the Sponsor nor the Trustee knows of any arrangements which may subsequently result in a change in the control of the Trust. Securities Authorized for Issuance under Equity Compensation Plans The Trust has no securities authorized for issuance under equity compensation plans. Item 13. Certain Relationships and Related Transactions See Item 11, above. The Trust has no directors or executive officers; therefore, no determination has been made related to director independence. Item 14. Principal Accounting Fees and Services Fees for services performed by Cohen & Company, Ltd., as paid by the Sponsor from the Management Fee, for the period ended December 31, 2025, were: 2025 Audit fees $ 89,730 Audit related fees $ - Tax fees (1) $ 18,000 All other fees $ - Total $ 107,730 (1) Tax fees consist of fees for professional services performed by Cohen & Co Advisory, LLC for tax compliance and tax advisory services. These services include the preparation and signing of U.S. federal, state, and local income tax returns (Form 1065 and affiliated state forms) and extensions for the Trust, a high-level review for reasonableness of proper assignment of character of income related to Schedules K-1, and the allocation of realized and unrealized trading gains and losses, interest income, dividend income, interest expense, operating expenses, and other types of income, loss, or expense by tax character to each investor in accordance with the Trust’s governing agreements. Tax fees for the fiscal year ended December 31, 2025 were $18,000. The Sponsor approved all of the services provided by Cohen & Company, Ltd. described above. The Sponsor pre-approved all audit services of the independent registered public accounting firm, including all engagement fees and terms. 41 PART IV Item 15. Exhibits and Financial Statement Schedules (a)(1) Financial Statements See Index to Financial Statements on page F-1 for a list of the financial statements being filed herein. (a)(2) Financial Statement Schedules Schedules have been omitted since they are either not required, not applicable, or the information has otherwise been included. (a)(3) Exhibits The following documents are filed herewith or incorporated herein and made a part of this Annual Report: No. Exhibit Description 3.1 Certificate of Amendment to the Certificate of Trust (incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K (File No. 001-42511), filed with the SEC on January 20, 2026) 3.2 Fifth Amended and Restated Trust Agreement (incorporated by reference to Exhibit 3.2 of the Registrant’s Current Report on Form 8-K (File No. 001-42511), filed with the SEC on January 20, 2026) 4.1* Description of Capital Stock 10.1 Sponsor Agreement (incorporated by reference to Exhibit 10.1 of Pre-Effective Amendment No. 5 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on February 10, 2025) 10.2 Amendment to the Sponsor Agreement (incorporated by reference to Exhibit 10.1 of the Registrant’s Current Report on Form 8-K (File No. 001-42511), filed with the SEC on November 12, 2025) 10.3 Second Amendment to the Sponsor Agreement (incorporated by reference to Exhibit 10.1 of the Registrant’s Current Report on Form 8-K (File No. 001-42511), filed with the SEC on March 16, 2026) 10.4 Form of Authorized Participant Agreement (incorporated by reference to Exhibit 10.2 of Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on December 26, 2024) 10.5 Amendment #1 to the Authorized Participant Agreement (incorporated by reference to Exhibit 10.1 of the Registrant’s Current Report on Form 8-K (File No. 001-42511), filed with the SEC on February 27, 2026) 10.6 Crypto Custodian Agreement with BitGo (incorporated by reference to Exhibit 10.3 of Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on December 26, 2024) 10.7 Cash Custodian Agreement with U.S. Bank National Association (incorporated by reference to Exhibit 10.4 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.8 Transfer Agent Servicing Agreement with U.S. Bancorp Fund Services, LLC (incorporated by reference to Exhibit 10.5 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.9 Trust Accounting Agreement with U.S. Bancorp Fund Services, LLC (incorporated by reference to Exhibit 10.6 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.10 Trust Administration Services Agreement with U.S. Bancorp Fund Services, LLC (incorporated by reference to Exhibit 10.7 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.11 Prime Broker Agreement with Coinbase, Inc. (incorporated by reference to Exhibit 10.8 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.12 Marketing Agent Agreement with Paralel Distributors LLC (incorporated by reference to Exhibit 10.9 of Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on December 26, 2024) 10.13 Compliance Services Agreement with Paralel Technologies LLC (incorporated by reference to Exhibit 10.10 of Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on December 26, 2024) 10.14 Digital Asset Trading Agreement with Nonco (incorporated by reference to Exhibit 10.11 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.15 Cryptocurrency Purchase Agreement with DV Chain International Inc. (incorporated by reference to Exhibit 10.12 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.16 Liquidity Provider Agreement with Virtu Financial Singapore Pte. Ltd. (incorporated by reference to Exhibit 10.13 of Pre-Effective Amendment No. 5 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on February 10, 2025) 42 10.17 Form of Subscription Agreement (incorporated by reference to Exhibit 10.13 of Pre-Effective Amendment No. 4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-280990), filed with the SEC on January 30, 2025) 10.18 Master Infrastructure-as-a-Service Agreement, dated as of October 7, 2025, by and between Coinbase Cloud Pte. Ltd. and the Trust (incorporated by reference to Exhibit 10.1 of the Registrant’s Current Report on Form 8-K (File No. 001-42511) filed by the Registrant on October 15, 2025) 10.19 Custodial Services Agreement, dated as of June 27, 2025, by and between Fidelity and the Trust, with the Sponsor acting on behalf of the Trust (incorporated by reference to Exhibit 10.2 of the Registrant’s Quarterly Report on Form 10-Q (File No. 001-42511), filed with the SEC on November 10, 2025) 10.20 Master Purchase Agreement, dated July 16, 2025, by and between Cumberland DRW LLC and the Trust (incorporated by reference to Exhibit 10.3 of the Registrant’s Quarterly Report on Form 10-Q (File No. 001-42511), filed with the SEC on November 10, 2025) 10.21 Master Services Agreement, dated July 24, 2025, by and between Flowdesk SAS and the Trust (incorporated by reference to Exhibit 10.4 of the Registrant’s Quarterly Report on Form 10-Q (File No. 001-42511), filed with the SEC on November 10, 2025) 10.22 Letter of Adherence, dated August 27, 2025, by and between Enigma Securities Limited and the Trust (incorporated by reference to Exhibit 10.5 of the Registrant’s Quarterly Report on Form 10-Q (File No. 001-42511), filed with the SEC on November 10, 2025) 19.1* Insider Trading Policy and Procedures 31.1* Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Executive Officer 31.2* Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Financial and Accounting Officer 32.1* Section 1350 Certification of Principal Executive Officer 32.2* Section 1350 Certification of Principal Financial and Accounting Officer 97.1* Erroneously Awarded Compensation Recovery Policies and Procedures 101.INS Inline XBRL Instance Document.* 101.SCH Inline XBRL Taxonomy Extension Schema Document.* 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document.* 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document.* 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document.* 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document.* 104 Cover Page Interactive Data File (Embedded as Inline XBRL document and contained in Exhibit 101).* * Filed Herewith Item 16. Form 10-K Summary None. 43 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. HASHDEX NASDAQ CME CRYPTO INDEX ETF (Registrant) By: Hashdex Asset Management, Ltd. its Sponsor Signature Title (Capacity) Date /s/ Bruno Sousa Director of the Sponsor March 25, 2026 Bruno Sousa (Principal Executive Officer) /s/ Samir Kerbage Director of the Sponsor March 25, 2026 Samir Kerbage (Principal Financial Officer) 44 HASHDEX NASDAQ CME CRYPTO INDEX ETF index to financial statements Page Report of Independent Registered Public Accounting Firm (PCAOB ID 925 ) F-2 Statement of Assets and Liabilities F-3 Schedule of Investment s F-4 Statement of Operations F-5 Statement of Changes in Net Assets F-6 Notes to Financial Statements F-7 F- 1 Report of Independent Registered Public Accounting Firm To the Sponsor and Shareholders of Hashdex Nasdaq CME Crypto Index ETF Opinion on the Financial Statements We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Hashdex Nasdaq CME Crypto Index ETF (formerly Hashdex Nasdaq Crypto Index US ETF) (the “Trust”) as of December 31, 2025, and the related statements of operations and changes in net assets for the period February 14, 2025 (commencement of operations) through December 31, 2025, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Trust as of December 31, 2025, and the results of its operations and changes in its net assets for the period February 14, 2025 (commencement of operations) through December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on the Trust’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of crypto assets owned as of December 31, 2025, by correspondence with the custodians. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. We have served as the Trust’s auditor since 2024. /S/ COHEN & COMPANY, LTD. COHEN & COMPANY, LTD. Towson, Maryland March 25, 2026 F- 2 HASHDEX NASDAQ CME CRYPTO INDEX ETF STATEMENT OF ASSETS AND LIABILITIES December 31, 2025* Assets Investments in Crypto Assets, at fair value (cost $ 123,262,904 ) $ 121,199,193 Cash 114,907 Total assets $ 121,314,100 Liabilities Management fee payable, net of fees waived $ 26,623 Total liabilities 26,623 Net assets $ 121,287,477 Net assets consist of: Paid-in capital $ 123,269,158 Total accumulated deficit ( 1,981,681 ) Net assets $ 121,287,477 Shares issued and outstanding 5,340,000 ( no par value, unlimited amount authorized) Net asset value per share $ 22.71 * No comparative statement shown/provided as it is the Trust’s first fiscal year of operations. The accompanying notes are an integral part of these financial statements. F- 3 HASHDEX NASDAQ CME CRYPTO INDEX ETF SCHEDULE OF INVESTMENTS December 31, 2025* Description: Assets Fair Value ($) Percentage of Net Assets (%) Quantity Crypto Assets Bitcoin 91,431,050 75.38 1,046 Ethereum 16,846,808 13.89 5,677 XRP 7,252,279 5.98 3,971,893 Solana 4,012,751 3.31 32,410 Cardano 832,217 0.69 2,499,150 Chainlink 476,931 0.39 38,964 Stellar 347,157 0.29 1,741,009 Total Crypto Assets (cost $ 123,262,904 ) 121,199,193 99.93 Total Investments (cost $ 123,262,904 ) 121,199,193 99.93 Other Assets in Excess of Liabilities 88,284 0.07 Total Net Assets 121,287,477 100.00 * No comparative statement shown/provided as it is the Trust’s first fiscal year of operations. The accompanying notes are an integral part of the financial statements. F- 4 HASHDEX NASDAQ CME CRYPTO INDEX ETF STATEMENT OF OPERATIONS For the period February 14, 2025^ through December 31, 2025* INVESTMENT INCOME Income: Total Income $ - Expenses: Management fees 511,454 Other 50 Total expenses 511,504 Less waiver ( 255,727 ) Net expenses 255,777 Net investment loss ( 255,777 ) REALIZED AND CHANGE IN UNREALIZED GAIN (LOSS) Net realized gain 337,807 Net change in unrealized appreciation (depreciation) ( 2,063,711 ) Net realized and change in unrealized (loss) ( 1,725,904 ) NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS $ ( 1,981,681 ) * No comparative statement shown/provided as it is the Trust’s first fiscal year of operations. ^ Commencement of operations. No operations occurred prior to this date. The accompanying notes are an integral part of the financial statements. F- 5 HASHDEX NASDAQ CME CRYPTO INDEX ETF STATEMENT OF CHANGES IN NET ASSETS For the period February 14, 2025^ through December 31, 2025* INCREASE (DECREASE) IN NET ASSETS: OPERATIONS Net investment loss $ ( 255,777 ) Net realized gain 337,807 Net change in unrealized appreciation (depreciation) ( 2,063,711 ) Net decrease in net assets resulting from operations ( 1,981,681 ) CAPITAL SHARE TRANSACTIONS Shares issued 129,294,147 Shares redeemed ( 6,058,792 ) ETF transaction fees 33,803 Net increase in net assets from capital share transactions 123,269,158 Total increase in net assets $ 121,287,477 NET ASSETS Beginning of period $ - End of period $ 121,287,477 * No comparative statement shown/provided as it is the Trust’s first fiscal year of operations. ^ Commencement of operations. No operations occurred prior to this date. See Note 6 for information regarding the initial seed Share creation and redemption. The accompanying notes are an integral part of the financial statements. F- 6 HASHDEX NASDAQ CME CRYPTO INDEX ETF Notes to Financial Statements 1. Organization Hashdex Nasdaq CME Crypto Index ETF (fka Hashdex Nasdaq Crypto Index US ETF) (the “Trust”) is a Delaware statutory trust organized on July 12, 2024. The Trust operates pursuant to the Fourth Amended and Restated Trust Agreement dated as of November 12, 2025 (the “Declaration of Trust”). The Trust is registered with the U.S. Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (together with the rules and regulations adopted thereunder, as amended, the “1933 Act”). The Trust was formed and is managed and controlled by the Sponsor. The sponsor of the Trust is Hashdex Asset Management Ltd. (the “Sponsor”). CSC Delaware Trust Company is the trustee of the Trust (the “Trustee”). The Trust is designed to provide investors with price exposure to certain crypto assets, namely, those included in the Nasdaq CME Crypto Settlement Price Index™ (NCIS), as detailed below. References to the “Index” as used herein refers to the Nasdaq Crypto US Settlement Price™ Index (NCIUSS) prior to January 20, 2026 (“ Transition Date ”) and the New Index after the Transition Date. NCIS is a daily closing value of the Nasdaq CME Crypto™ Index (NCI) which is designed to measure the performance of a material portion of the overall crypto asset market. NCIUSS is a daily closing value of the Nasdaq Crypto US™ Index (NCIUS) which is designed to measure the performance of a material portion of the overall crypto asset market. The Trust issues shares representing units of fractional undivided beneficial interests (“Shares”) that trade on The Nasdaq Stock Market, LLC (the “Exchange”) under the symbol “NCIQ”. The Trust commenced operations on February 14, 2025 . Shares can be purchased and sold by investors through their broker-dealer. Purchasing Shares of the Trust is subject to the risks of crypto assets and crypto asset markets as well as the additional risks of investing in the Trust. The Trust’s investment objective is to align the daily changes in the Shares’ net asset value (“NAV”) with the daily price changes of the Index, minus operational expenses and liabilities, by investing in the index constituents (“Index Constituents”). Because the Trust’s investment objective is to track the price of the Index, changes in the price of the Shares may vary from changes in the Index Constituents’ prices. An investment in the Trust is subject to the risks of an investment in the Index Constituents of which are subject to a high degree of price variability, as well as to the risks of crypto asset markets more generally. An investment in the Trust may be riskier than other exchange-traded products that do not directly hold crypto assets, or financial instruments related to crypto, and may not be suitable for all investors. In addition, the Index Constituents may experience pronounced and swift price changes. Accordingly, there is a potential for change in the price of Shares between the time an investor places an order to purchase or sell with its broker-dealer and the time of the actual purchase or sale resulting from the price volatility of Index Constituents. The Index will be reconstituted and rebalanced quarterly, on the first Business Day in March, June, September, and December to align the weightings of the Index Constituents with the index methodology published by the Exchange. The statement of assets and liabilities and schedule of investments at December 31, 2025, and the statements of operations and changes in net assets for the fiscal period ended December 31, 2025 have been prepared on behalf of the Trust and are audited. In the opinion of management of the Sponsor of the Trust, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position and results of operations for the fiscal period ended December 31, 2025 have been made. The fiscal year end of the Trust is December 31st. On October 7, 2025, the Trust entered into a Master Infrastructure-as-a-Service Agreement with Coinbase Cloud Pte. Ltd. (“Coinbase Cloud”) pursuant to which Coinbase Cloud will provide the infrastructure and related technical services necessary to enable the Trust to participate in staking activities with respect to certain eligible crypto assets held by the Trust. The Trust did not participate in any staking activities during the period ended December 31, 2025. F- 7 2. Significant Accounting Policies The following is a summary of significant accounting policies consistently followed by the Trust in the preparation of these financial statements. Basis of Presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and are stated in U.S. Dollars. The Trust is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of income and expenses during the reported period. Actual results could differ from those estimates. Cash Cash includes non-interest bearing non-restricted cash with one institution and is subject to credit risk to the extent its balance exceeds the federally insured limits. At December 31, 2025, the Trust’s balance did not exceed the federally insured limits. Investment Transactions and Investment Income For financial statement purposes, the Trust records investment transactions on the trade date of the investment purchase or sale. Gains and losses realized on sales of investments are determined by the specific identification method. Investments made by the Trust intend to be limited to investments in Index Constituents and cash and cash equivalents. Interest income is recorded on an accrual basis. The Trust intermittently receives airdrops of new crypto assets at the custodial wallet addresses holding Trust assets. The use of airdrops is generally to promote the launch and use of new crypto assets by providing a small amount of the new crypto assets to the private wallets or exchange accounts of holders of existing related crypto assets. Airdropped crypto assets can have substantially different blockchain technology that has no relation to any existing crypto asset, and many airdrops may be without value. In accordance with the Trust’s prospectus, the Sponsor causes the Trust to irrevocably abandon any incidental rights and IR virtual currency arising from airdrops, forks, or similar events. Accordingly, the Trust does not recognize or record any airdropped crypto assets. During the period ended December 31, 2025, the Trust irrevocably abandoned all airdropped crypto assets received at its custodial addresses. No value was recognized in connection with any such airdrops. Federal Income Taxes The Trust is not subject to federal income taxes; each shareholder reports his/her allocable share of income, gain, loss, deductions or credits on his/her own income tax return. In accordance with GAAP, the Trust is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. The Trust files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in the Trust recording a tax liability that reduces net assets. However, the Trust’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, ongoing analysis of and changes to tax laws, regulations and interpretations thereof. The Trust recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income tax fees payable, if assessed. No interest expense or penalties have been recognized as of and for the fiscal period ended December 31, 2025. F- 8 Valuation of Crypto Assets In determining the value of the Trust’s holdings, the Trust will value the Index Constituents held by the Trust at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Trust identifies and determines the Trust’s principal market (or in the absence of a principal market, the most advantageous market) for crypto assets consistent with the application of fair value measurement framework in FASB ASC 820-10 “Fair Value Measurement”. The principal market is the market with the greatest volume and level of activity that can be accessed. The Trust’s valuation procedures provide for the designation of the Sponsor to determine the valuation sources and policies to prepare the Trust’s financial statements in accordance with GAAP. The Trust obtains relevant volume and level of activity information and based on initial analyses will select an exchange market as the Trust’s principal market. The NAV and NAV per Share will be calculated using the fair value of the Index Constituents held by the Trust based on the price provided by this exchange market, as of 4:00 p.m. New York time on the measurement date for GAAP purposes. The Trust will update its principal market analysis periodically and as needed to the extent that events have occurred, or activities have changed in a manner that could change the Trust’s determination of the principal market. The Trust utilizes various inputs to determine the fair value of its investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Trust has the ability to access. Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Trust’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The following table summarizes the valuation of investments at December 31, 2025* using the fair value hierarchy: Fair Value Measurement Using Level 1 Level 2 Level 3 Total December 31, 2025 $ 121,199,193 - - $ 121,199,193 Crypto Assets $ 121,199,193 - - $ 121,199,193 * No comparative schedule shown/provided as the fiscal year ended December 31, 2025 is the Trust’s first fiscal year of operations. There were no transfers between Level 1 and other Levels for the fiscal period ended December 31, 2025. The cost basis of the investment of crypto assets recorded by the Trust for financial reporting purposes is the fair value of such crypto asset at the time of purchase. The cost basis recorded by the Trust may differ from proceeds collected by the Authorized Participant from the sale of the corresponding Shares to investors. F- 9 Calculation of NAV and NAV per Share The Sponsor or its delegate shall calculate the Trust’s NAV each Business Day as of the earlier of the close of the Exchange or 4:00 p.m. New York time. As such, the NAV is calculated based on the value of the index price at 4:00 p.m. The assets of the Trust consist of the crypto assets held by the Trust that follows Nasdaq Crypto US Settlement Price Index (“NCIUSS”), and cash and cash equivalents. The Sponsor has the exclusive authority to determine the Trust’s NAV, which it has delegated to the Administrator. The Trust’s NAV per Share is calculated by taking the current fair value of its total assets, subtracting any liabilities, and dividing that total by the number of Shares. Segment Reporting The Chief Financial Officer of the Sponsor acts as the Trust’s Chief Operating Decision Maker (“CODM”) and is responsible for assessing performance and allocating resources with respect to the Trust. The CODM has concluded that the Trust operates as a single operating segment since the Trust has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within the Trust’s financial statements. 3. Investment in Crypto Assets The following represents the changes in fair value of crypto assets held during the period from February 14, 2025^, through December 31, 2025*: Crypto assets of the Index Constituents For the period February 14, 2025^ through December 31, 2025* (Unaudited) Balance at February 14, 2025^ - Purchases 148,384,775 Sales ( 25,459,678 ) Realized Gain 673,678 Realized Loss ( 335,871 ) Change in Unrealized Appreciation 6,208,241 Change in Unrealized Depreciation ( 8,271,952 ) Balance at December 31, 2025 121,199,193 * No comparative schedule shown/provided as it is the Trust’s first fiscal year of operations ^ Commencement of operations. No operations occurred prior to this date. 4. Trust Expenses The Trust pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.50 % per annum of the daily NAV of the Trust. The Management Fee is paid in consideration of the Sponsor’s services related to the management of the Trust’s business and affairs. The Management Fee is paid directly by the Trust to the Sponsor. The Management Fee accrues daily and is payable monthly in cash. The Trust intends to sell its holdings to pay the Management Fee. The Sponsor has agreed to temporarily reduce its Management Fee to 0.25 % per annum through December 31, 2026. After December 31, 2026, the standard 0.50 % annual Management Fee rate will apply. F- 10 In addition to the Trust’s Management Fee, the Trust pays all of its respective brokerage commissions, including applicable exchange fees and give-up fees, and other transaction related fees and expenses charged in connection with trading activities. The Trust also pays all fees and commissions related to any crypto transaction fees for on-chain transfers of assets. The Sponsor pays all other routine operational, administrative and other ordinary expenses of the Trust, including but not limited to, fees and expenses of the administrator, custodians, marketing agent, transfer agent, trustees, licensors, accounting and audit fees and expenses, tax preparation expenses, legal fees, ongoing SEC registration fees, individual Schedule K-1 preparation and mailing fees, and report preparation and mailing expenses. The Trust pays all of its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Trust. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. In the event the Trust’s cash balance is insufficient to pay all fees and expenses, including the Management Fee, the Trust may need to sell crypto assets from time to time to pay for fees and expenses. Initial costs and expenses related to the initial offer and sale of Shares were borne by the Sponsor. Non-recurring, unusual or extraordinary expenses of the Trust will be allocated as determined by the Sponsor using a pro rata allocation methodology that allocates such Trust expenses to the Trust. Unusual or extraordinary expenses paid by Sponsor are not subject to any caps or limits. The Trust may be required to indemnify the Sponsor, and the Trust and/or the Sponsor may be required to indemnify the Trustee, marketing agent, administrator, custodians, and the transfer agent under certain unusual or extraordinary circumstances. Any indemnification paid by the Trust and/or Sponsor generally would cover losses incurred by an indemnified party for (1) expenses incurred by a party when rendering services to the Trust or the Sponsor, (2) expenses arising from a breach of obligations or non-compliance with laws, or (3) expenses arising out of the formation, operation or termination of the Trust. Unless such expenses are specifically attributable to the Trust or arise out of the Trust’s operations, any such expenses will be allocated by the Sponsor using a pro rata methodology that allocates certain Trust expenses to the Trust. Administrator, Custodians and Transfer Agent U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (the “Administrator”) serves as administrator, transfer agent and accounting agent of the Trust pursuant to a Fund Servicing Agreement. U.S. Bank N.A. (the “Cash Custodian”), an affiliate of the Administrator, serves as the Trust’s cash custodian pursuant to a Custody Agreement. Coinbase Custody Trust Company, LLC and BitGo Trust Company, Inc (the “Crypto Custodians”) keeps custody of all of the Trust’s crypto assets, on behalf of the Trust. In June 2025, the Fund entered into a custody services agreement with Fidelity Digital Asset Services, LLC to provide custodial services for digital assets. As of December 31, 2025, the Fund has not commenced using these custodial services. Marketing Agent The Trust employs Paralel Distributors LLC as the marketing agent for the Trust. The marketing agent is not entitled to compensation or reimbursement of expenses from the Trust, with any such remuneration to be paid by the Sponsor, out of the management fee it receives for its services to the Trust. The term of the agreement is three years, with provisions for automatic renewal and termination options available to both parties. 5. Capital Share Transactions The Trust creates and redeems Shares on a continuous basis but only in Baskets of 10,000 Shares. Only authorized participants, which are registered broker-dealers who have entered into written agreements with the Sponsor and/or the Trust, can place orders to receive baskets in exchange for cash. The Sponsor and the Trust engage in crypto asset transactions for converting cash into Index Constituents to track NCIUSS (in association with purchase orders) and crypto assets into cash (in association with redemption orders). The Administrator calculates the cost to purchase (or sell in the case of a redemption order) the amount of the Index Constituents represented by the Baskets being created (or redeemed). The amount of Index Constituents is equal to the combined NAV of the number of Shares included in the Baskets being created (or redeemed) determined as of 4:00 p.m. New York time on the day the order to create or redeem Baskets is properly received. F- 11 Only authorized participants may place orders to create and redeem baskets through the transfer agent. The transfer agent coordinates with the Trust’s custodians in order to facilitate settlement of the Shares and the Index Constituents. Capital share transactions in the Trust were as follows: For the period February 14, 2025 ^ through December 31, 2025* Shares issued 5,580,000 Shares redeemed ( 240,000 ) Net increase 5,340,000 * No comparative statement shown/provided as the fiscal year ended December 31, 2025 is the Trust’s first fiscal year of operations. ^ Commencement of operations. No operations occurred prior to this date. 6. Related Parties The Sponsor is considered to be a related party to the Trust. The Trust’s operations are supported by its Sponsor. The Sponsor provided the initial seed creation of 10,000 Shares occurred on January 21, 2025, at a per-Share price of $ 25.00 . These initial seed Shares were subsequently redeemed on February 13, 2025, at $ 25.00 per Share, for a total redemption amount of $ 250,000 . The Fund commenced operations on February 14, 2025, which is the date used as the inception date for purposes of these financial statements. As of December 31, 2025, the Trust has a liability to the Sponsor of $ 26,623 for the December Management Fee. The Hashdex Nasdaq Crypto Index Fund (NCI), a Fund managed by the Sponsor, holds 4,000,000 shares. The Sponsor arranged for the creation of the Trust and is responsible for the ongoing registration of the Shares for their public offering in the United States and the listing of Shares on the Exchange. F- 12 7. Indemnification The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any Index Constituents or other assets of the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates, and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft, or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. The Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. 8. Commitments and Contingent Liabilities In the normal course of business, the Trust may enter into contracts that contain a variety of general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust which have not yet occurred and cannot be predicted with any certainty. However, the Sponsor believes the risk of loss under these arrangements to be remote. 9. Concentration Risk The majority of of the Trust’s assets are holdings of bitcoin, which creates a concentration risk associated with fluctuations in the price of bitcoin. Accordingly, a decline in the price of bitcoin will have an adverse effect on the value of the Shares of the Trust. Factors that may have the effect of causing a decline in the price of bitcoin include negative perception of crypto assets; a lack of stability and standardized regulation in the crypto asset markets; the closure or temporary shutdown of digital asset platforms due to fraud, business failure, security breaches or government mandated regulation; and a loss of investor confidence. F- 13 10. Financial Highlights For the period February 14, 2025^ through December 31, 2025* Net asset value per share, beginning of period $ 25.00 Net investment loss (1) ( 0.06 ) Net realized and unrealized loss (2) ( 2.23 ) Net decrease in net assets from operations ( 2.29 ) Net asset value per share, end of period $ 22.71 Total return at net asset value (3) ( 9.15 )% Ratios to average net assets: (4)(5) Total expenses 0.50 % Net expenses 0.25 % Net investment loss ( 0.25 )% * No comparative statement shown/provided as the fiscal year ended December 31, 2025 is the Trust’s first fiscal year of operations. ^ Commencement of operations. No operations occurred prior to this date. (1) Net investment loss per share represents net investment loss divided by the daily average shares of beneficial interest outstanding during the period. (2) The amount shown for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses for the period because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust. (3) Percentages are not annualized for the period ended December 31, 2025. (4) Percentages are annualized. (5) Includes activity for the period February 14, 2025 (commencement of operations) through December 31, 2025. 11. Subsequent Events In preparing these financial statements, Management has evaluated the financial statements for the year ended December 31, 2025 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than as noted below. Prior to January 20, 2026, the Trust’s Index Constituents were those included in the NCIUSS. Effective as of the Transition Date, the index changed to the NCIS. The NCIUSS represents the daily closing value of the NCIUS, and the NCIS represents the daily closing value of the NCI. The NCIUSS and the NCIS apply substantially identical methodologies, reflect the same constituents, and are both designed to measure the performance of a material portion of the overall crypto asset market. On January 20, 2026, the Sponsor caused a Certificate of Amendment to the Trust’s Certificate of Trust to be filed with the Secretary of State of the State of Delaware to change the name of the Trust from “Hashdex Nasdaq Crypto Index US ETF” to “Hashdex Nasdaq CME Crypto Index ETF.” On the same date, the Sponsor and the Trustee entered into a Fifth Amended and Restated Trust Agreement, which made conforming changes to the Fourth Amended and Restated Trust Agreement to reflect the name change and the transition of the Trust’s underlying index from the Nasdaq Crypto US Settlement Price Index (NCIUSS) to the Nasdaq CME Crypto Settlement Price Index (NCIS), effective as of such date. Both indexes apply substantially identical methodologies and reflected the same constituents and weightings as of the transition date. The index transition did not result in any material change to the Trust’s investment objective, portfolio composition, or risk profile. The foregoing events were reported on Form 8-K filed with the SEC on January 20, 2026. On February 24, 2026, the Trust and the Sponsor entered into Amendment #1 to the Authorized Participant Agreement with Virtu Americas LLC to permit the creation and redemption of Baskets through in-kind transfers of digital assets. The Amendment was reported on Form 8-K filed with the SEC on February 27, 2026. On March 5, 2026, Hashdex Ltd., the controlling entity of the Sponsor, announced the following leadership changes at the Hashdex group level, effective immediately: Marcelo Sampaio, who served as Chief Executive Officer and President, transitioned to the role of Executive Chairman; Bruno Caratori, Co-Founder and Chief Operating Officer, was appointed Global Chief Executive Officer; and Mick McLaughlin was appointed U.S. Chief Executive Officer. These changes were made at the Hashdex Ltd. level and do not affect the Sponsor. Bruno Sousa continues to serve as the Trust’s Principal Executive Officer, and Samir Kerbage continues to serve as the Trust’s Principal Financial Officer and Principal Accounting Officer. This event was reported on Form 8-K filed with the SEC on March 11, 2026. On March 13, 2026, the Sponsor and the Trust entered into the Second Amendment to the Sponsor Agreement, originally dated January 27, 2025 and previously amended on November 12, 2025. The Second Amendment reduces the Management Fee from 0.50 % to 0.25 % per annum of the Trust’s net asset value, effective as of March 16, 2026. Prior to the Second Amendment, the Sponsor had been waiving a portion of the Management Fee pursuant to the prior amendment, resulting in an effective fee of 0.25 % per annum through December 31, 2026. As a result of the fee reduction, the fee waiver provision is no longer in effect. This event was reported on Form 8-K filed with the SEC on March 16, 2026. F- 14