(Amounts in thousands, except ETC amounts)

Quantity

Fair Value

Balance at December 31, 2021

12,155,893.99048110

$

407,466

ETC contributed

-

-

ETC distributed for Sponsor’s Fee, related party

(314,749.01904454

)

(8,638

)

Net change in unrealized depreciation on investment in ETC

-

(217,762

)

Net realized gain on investment in ETC

-

6,261

Balance at December 31, 2022

11,841,144.97143656

$

187,327

ETC contributed

-

-

ETC distributed for Sponsor’s Fee, related party

(145,896.52541279

)

(2,876

)

Net change in unrealized appreciation on investment in ETC

-

44,288

Net realized gain on investment in ETC

-

1,774

Balance at June 30, 2023

11,695,248.44602377

$

230,513