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 Creation Baskets held by Authorized Participants, the Trust redeemed 206 Creation Baskets (comprising
2,060,000 Shares) during the quarter ended March 31, 2026. The following table summarizes the redemptions of Shares by Authorized Participants
during the period:
Period
Total Shares Redeemed
Average Price Per Share
Maximum number
of shares that may
yet be purchased
January 1, 2026 – January 31, 2026
700,000
$ 15.09
N/A
February 1, 2026 – February 28, 2026
300,000
$ 9.58
N/A
March 1, 2026 - March 31, 2026
1,060,000
$ 10.57
N/A
Market Information
The Shares are listed on the
Exchange under the symbol “TETH” and have been listed since July 23, 2024.
Holders
As of March 31, 2026, there was approximately
one DTC participating shareholder of record of the Trust. Because most of the Trust’s Shares are held by brokers and other institutions
on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
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.