What changed in this filing

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

2025-05-13 compared with 2024-11-12 · 30 added, 21 removed, 2 unchanged (96% of the section changed)

Quantitative and Qualitative Disclosures about Market Risks

are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide

the information under this item.

Quantitative and Qualitative Disclosures

about Market Risks

We are a smaller reporting

company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this

Disclosure Controls and Procedures

duly authorized officers of the Sponsor performing functions equivalent to those a principal executive officer and principal financial

officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls

and procedures, and have concluded that the disclosure controls and procedures of the Trust were effective as of the end of the period

covered by this report to provide reasonable assurance that information required to be disclosed in the reports that the Trust files

or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods

specified in the applicable rules and forms, and that it is accumulated and communicated to the duly authorized officers of the Sponsor

performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if

the Trust had any officers, as appropriate to allow timely decisions regarding required disclosure.

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.

in Internal Control over Financial Reporting

the quarter ended September 30, 2024, there have been no changes in our internal control over financial reporting, as such term is defined

in Rules 13a-15(f) and 15(d)-15(f) promulgated under the Exchange Act, that have materially affected, or are reasonably likely to materially

affect, our internal control over financial reporting.

II – OTHER INFORMATION

The duly authorized officers

of the Sponsor performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would

perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls and procedures, and have

concluded that the disclosure controls and procedures of the Trust were effective as of the end of the period covered by this report to

provide reasonable assurance that information required to be disclosed in the reports that the Trust files or submits under the Securities

Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods specified in the applicable

rules and forms, and that it is accumulated and communicated to the duly authorized officers of the Sponsor performing functions equivalent

to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, as appropriate

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.

Changes in Internal Control over Financial

During the quarter ended March

31, 2025, there have been no changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and

15(d)-15(f) promulgated under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal

control over financial reporting.

PART II – OTHER INFORMATION

Legal Proceedings

time to time, the Trust may be a party to certain legal proceedings in the ordinary course of business.

As of September 30, 2024, the

Trust was not subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against

From time to time, the Trust

may be a party to certain legal proceedings in the ordinary course of business.

As of March 31, 2025, the Trust was not subject to any

material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against the Trust.

There have been no material

changes or updates to our risk factors that were previously disclosed in “Part I.

Risk Factors” in the Trust’s

Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on March 26, 2025.

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.

What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk