Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)
On January 10, 2024, Valkyrie Funds LLC, an affiliate of the Sponsor, purchased 40,000 Shares at a per-Share price of $13.00 (the “Seed Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act. Delivery of the Seed Shares was made on January 11, 2024. Total proceeds to the Trust from the sale of the Seed Shares was $520,000.
(b)
Not applicable.
(c)
In connection with redemptions of baskets held by an Authorized Participant, BRRR redeemed 111 baskets (comprising 555,000 Shares) during the three months ended September 30, 2024, at an average price per Share of $15.82. The following table provides information about BRRR’s redemptions by Authorized Participants during the three months ended September 30, 2024:
Calendar Month
Number
of Shares
Redeemed
Average
Price
Paid per
Share
July 2024
–
$
–
August 2024
100,000
16.81
September 2024
455,000
15.60
Total
555,000
$
15.82
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not Applicable.
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