| Schedule of Quarterly Statements of Operations |
Fiscal Year Ended December 31, 2025
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Three Months Ended
(unaudited) |
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(Amounts in thousands) |
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Mar-31, 2025 |
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Jun-30, 2025 |
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Sept-30, 2025 |
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Dec-31, 2025 |
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Year Ended
December 31,
2025 |
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Expenses |
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Sponsor's Fee, related party |
|
$ |
1,511 |
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$ |
1,179 |
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$ |
1,440 |
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$ |
1,031 |
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$ |
5,161 |
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Net investment loss |
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$ |
(1,511 |
) |
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$ |
(1,179 |
) |
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$ |
(1,440 |
) |
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$ |
(1,031 |
) |
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$ |
(5,161 |
) |
Net realized and unrealized (loss) gain from: |
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Net realized gain on investment in ETC |
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989 |
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653 |
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912 |
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|
507 |
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3,061 |
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Net change in unrealized appreciation/depreciation on investment in ETC |
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(94,019 |
) |
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(1,424 |
) |
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17,154 |
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(76,662 |
) |
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(154,951 |
) |
Net realized and unrealized (loss) gain on investment |
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(93,030 |
) |
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(771 |
) |
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18,066 |
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(76,155 |
) |
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(151,890 |
) |
Net (decrease) increase in net assets resulting from operations |
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$ |
(94,541 |
) |
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$ |
(1,950 |
) |
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$ |
16,626 |
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$ |
(77,186 |
) |
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$ |
(157,051 |
) |
Fiscal Year Ended December 31, 2024
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Three Months Ended
(unaudited) |
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(Amounts in thousands) |
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Mar-31, 2024 |
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Jun-30, 2024 |
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Sept-30, 2024 |
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Dec-31, 2024 |
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Year Ended
December 31,
2024 |
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Expenses |
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Sponsor's Fee, related party |
|
$ |
1,991 |
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$ |
1,973 |
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$ |
1,435 |
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$ |
1,758 |
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$ |
7,157 |
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Net investment loss |
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$ |
(1,991 |
) |
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$ |
(1,973 |
) |
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$ |
(1,435 |
) |
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$ |
(1,758 |
) |
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$ |
(7,157 |
) |
Net realized and unrealized gain (loss) from: |
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Net realized gain on investment in ETC |
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1,450 |
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1,436 |
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896 |
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1,221 |
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5,003 |
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Net change in unrealized appreciation/depreciation on investment in ETC |
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137,726 |
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(121,879 |
) |
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(45,236 |
) |
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60,640 |
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31,251 |
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Net realized and unrealized gain (loss) on investment |
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139,176 |
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(120,443 |
) |
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(44,340 |
) |
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61,861 |
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|
36,254 |
|
Net increase (decrease) in net assets resulting from operations |
|
$ |
137,185 |
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$ |
(122,416 |
) |
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$ |
(45,775 |
) |
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$ |
60,103 |
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$ |
29,097 |
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