v3.25.4
Financial Highlights (Tables)
 12 Months Ended
Dec. 31, 2025
Investment Company, Financial Highlights [Abstract]  
Summary of Financial Highlights

The following presents the financial highlights for the twelve months ended December 31, 2025, December 31, 2024 and December 31, 2023.

 

 

 

Twelve months ended
December 31, 2025

 

 

Twelve months ended
December 31, 2024

 

 

Twelve months ended
December 31, 2023

 

 

Principal Market NAV per-share, beginning of period

 

$

67.47

 

 

$

34.64

 

 

$

15.22

 

 

Net investment loss 1

 

 

(1.66

)

 

 

(1.27

)

 

 

(0.63

)

 

Net realized and change in unrealized on investment in Crypto Assets

 

 

(6.80

)

 

 

34.10

 

 

 

20.05

 

 

Net change in net assets from operations

 

 

(8.46

)

 

 

32.83

 

 

 

19.42

 

 

Principal Market NAV per-share, end of period

 

$

59.01

 

 

$

67.47

 

 

$

34.64

 

 

 

 

 

 

 

 

 

 

 

 

 

Total return, at net asset value 2

 

 

(12.54

)

%

 

94.77

 

%

 

127.60

 

%

 

 

 

 

 

 

 

 

 

 

 

Ratios to average net assets 3,4

 

 

 

 

 

 

 

 

 

 

Net expenses

 

 

2.44

 

%

 

2.51

 

%

 

2.51

 

%

Net investment loss

 

 

(2.44

)

%

 

(2.51

)

%

 

(2.49

)

%

 

 

1.
Calculated using average Shares outstanding.
2.
Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of share transactions from the Trust.
3.
Based on the average of month-end net assets.
4.
On December 3, 2025, as part of the conversion to an ETP product, the Sponsor reduced the management fee from 2.50% per annum to 0.75% per annum, which became effective upon the Trust's listing on the Exchange on December 9, 2025.