Three Months Ended March 31, 2026

Per Share Activity

Net Asset Value, beginning of period

$

14.66

Net investment income (loss) (1)

0.14

Net realized and change in unrealized gain (loss)

(4.90

)

Net increase (decrease) in net assets resulting from operations

(4.76

)

Distributions of net staking rewards

(0.06

)

Net Asset Value, end of period

9.84

Market Value per Share, beginning of period

14.59

Market Value per Share, end of period

$

9.75

Total Return, at Net Asset Value (2)

(32.40

)%

Total Return, at Market Value (2)

(32.74

)%

Ratios to Average Net Assets

Net investment income (loss) (3)

4.75

%

Expenses, gross (3)

0.25

%

Expenses, net of waivers (3)

0.00

%