1 unchanged sentence
Use of Proceeds.
−Removed: a) On February
−Removed: 17, 2026, Seed Capital Investor purchased 1,000,000 Seed Shares in a transaction exempt from registration under Section 4(a)(2) of the
−Removed: Securities Act of 1933 (the “Securities Act”).
−Removed: Total proceeds to the Trust from the sale of the Seed Shares was $25,000,000
−Removed: The Seed Capital Investor acted as a statutory underwriter in connection with the Seed Shares.
b) Not applicable.
−Removed: c) The Trust does not purchase Shares
−Removed: directly from its Shareholders.
−Removed: The Trust redeemed 0 Baskets during the three-month period ended March 31, 2026 in connection with Baskets
−Removed: held by Authorized Participants.
+Added: c) The Trust does not purchase Shares directly from its Shareholders.
+Added: The Trust did not redeem any Baskets in connection with Baskets held by Authorized Participants.
Defaults Upon Senior Securities.
2 unchanged sentences
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.