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Financial Highlights
3 Months Ended
Mar. 31, 2026
Financial Highlights [Abstract]  
Financial Highlights
10. Financial Highlights

 

    For the
three months
ended
March 31, 2026
(Unaudited)
    For the
period from
February 14,
2025*
through
March 31,
2025
 
Net asset value per share, beginning of period   $ 22.71     $ 25.00  
Net investment loss (1)   $ (0.01 )   $ (0.01 )
Net realized and unrealized gain (loss)(2)   $ (5.46 )   $ (4.11 )
Net decrease in net assets from operations   $ (5.47 )   $ (4.12 )
Net asset value per share, end of period   $ 17.24     $ 20.88  
Total return at net asset value(3)     (24.11 )%     (16.48 )%
                 
Ratios to average net assets: (4)(5)                
Total expenses     0.50 %     0.50 %
Net expenses     0.25 %     0.25 %
Net investment loss     (0.25 )%     (0.25 )%

 

* Commencement of operations. No operations occurred prior to this date.

 

(1) Net investment loss per Share represents net investment loss divided by the daily average Shares of beneficial interest outstanding during the period.
(2) The amount shown for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses for the period because of the timing of sales and repurchases of the Trust’s Shares in relation to fluctuating market values for the Trust.
(3) Percentages are not annualized.
(4) Percentages are annualized.
(5) Includes activity for the period from January 1, 2026 through March 31, 2026 and February 14, 2025 (commencement of operations) through March 31, 2025.