BRRRCoinShares Valkyrie Bitcoin Fund

CoinShares Valkyrie Bitcoin Fund is a U.S.-based exchange-traded fund designed to provide investors with direct exposure to the price performance of bitcoin. The fund holds bitcoin directly as its primary asset, reflecting the value of bitcoin as measured by the CME CF Bitcoin Reference Rate - New York Variant, less the fund's liabilities and expenses. Each share represents a fractional beneficial interest in the trust's bitcoin holdings, which are custodied by regulated providers including Coinbase Custody Trust Company, LLC, BitGo Trust Company, Inc., and Komainu (Jersey) Limited to ensure security through a multi-custodian structure. Sponsored by CoinShares Co., the fund offers a convenient way for investors to access bitcoin via traditional brokerage accounts without needing to manage the digital asset themselves. With a sponsor fee of 0.25%, it focuses exclusively on bitcoin, distinguishing it from futures-based or mining-related products in the digital asset space. Headquartered in the United States and active since 2024, CoinShares Valkyrie Bitcoin Fund plays a key role in bridging traditional finance and cryptocurrencies by delivering spot bitcoin exposure in a regulated ETF format.