What changed 10-Q

Item 2. Unregistered Sales of Equity Securities

2026-05-13 compared with 2025-12-09 · 13 added, 7 removed, 1 unchanged (95% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds.

November 17, 2025, Seed Capital Investor purchased 10,000 Seed Shares in a transaction exempt from registration under Section 4(a)(2)

of the Securities Act of 1933 (the “Securities Act”).

Total proceeds to the Trust from the sale of the Seed Shares was $250,000

The Seed Capital Investor acted as a statutory underwriter in connection with the Seed Shares.

Defaults Upon

Senior Securities.

Unregistered Sales of Equity Securities and

Use of Proceeds.

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 2 Baskets (comprising 20,000 Shares)

during the three-month period ended March 31, 2026.

The following table summarizes the redemptions by Authorized Participants during

Number of Shares Redeemed

Average Price Paid per Share

Maximum number of shares that may yet be purchased

February 2026

Defaults Upon Senior Securities.

Mine Safety Disclosures.

Not applicable.

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.