Statements of Operations (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Expenses
Sponsor’s fees		$ 806,167	$ 301,635	$ 1,762,448	$ 788,073
Sponsor’s fees waived		(179,165)	(67,034)	(391,688)	(175,158)
Total expenses		627,002	234,601	1,370,760	612,915
Net investment loss		(627,002)	(234,601)	(1,370,760)	(612,915)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		128,990	44,801	296,740	96,149
Gold bullion distributed for the redemption of Shares		0	4,724,615	56,218,552	38,693,737
Net realized gain		128,990	4,769,416	56,515,292	38,789,886
Net change in unrealized appreciation/depreciation		576,735,029	156,618,421	919,198,355	255,661,511
Net realized and unrealized gain		576,864,019	161,387,837	975,713,647	294,451,397
Net increase in net assets resulting from operations		$ 576,237,017	$ 161,153,236	$ 974,342,887	$ 293,838,482
Net increase in net assets per Share (in dollars per share)	[1]	$ 5.57	$ 2.98	$ 12.06	$ 5.77

[1] Net increase in net assets per Share based on average shares outstanding during the period.