For the 3 (three)
months ended June 30, 2025*
(Unaudited)

For the period January 21, 2025 (initial seed creation date) through June 30, 2025*

(Unaudited)

Net Asset Value Per Share Performance (for a Share outstanding throughout the period presented), Beginning of Period

$

20.88

$

25.00

Net investment loss ⁽¹⁾

$

(0.02

)

$

(0.02

⁾

Net Realized and Unrealized Gain (Loss)

$

6.51

$

2.39

Net Increase (Decrease) in Net Assets from Operations

$

6.49

$

2.37

Net Asset Value Per Share Performance (for a Share outstanding throughout the period presented), End of Period

$

27.37

$

27.37

Market Value Per Share, at June 30, 2025 ⁽²⁾

$

27.43

$

27.43

Total Return at Net Asset Value ⁽³⁾

31.08

%

9.48

%

Total Return at Market Value ⁽³⁾

31.34

%

9.72

%

Ratios to Average Net Assets: ⁽⁴⁾

Gross Expense ratio

0.50

%

0.50

%⁽⁵⁾

Net Expense ratio

0.25

%

0.25

%⁽⁵⁾

Net Investment Loss

(0.25)

%

(0.25

)%⁽⁵⁾