Net assets decreased from $160.36 million at year-end 2025 to $105.12 million as of March 31, 2026. The Trust recorded a net decrease in net assets resulting from operations of $54.68 million for the quarter. The Principal Market NAV per share fell from $9.09 to $6.14 during the period. Staking reward income for the quarter was $2.198 million. Shares outstanding decreased from 17,634,135 to 17,114,135 due to net redemptions.