Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: The Shares of the Trust are listed in the accompanying table.
+Added: Shares of the Trust are listed in the accompanying table.
The date the Shares of the Trust began trading, their symbols and their
2 unchanged sentences
of each exchange on which registered
+Added: Valkyrie Bitcoin Fund
Nasdaq Stock Market, LLC
−Removed: As of February 29, 2024, there were approximately 48 DTC participating Shareholders of record of the Trust.
+Added: of February 28, 2025, there were approximately 67 DTC participating Shareholders of record of the Trust.
Because most of the Trust’s
1 unchanged sentence
represented by these record holders.
−Removed: Trust made no distributions to Shareholders during the fiscal year ended December 31, 2023.
−Removed: The Trust has no obligation to make periodic
−Removed: distributions to Shareholders.
−Removed: 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
−Removed: Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act.
−Removed: Delivery of the Seed Shares was made
−Removed: on January 11, 2024.
−Removed: Total proceeds to the Trust from the sale of the Seed Shares was $520,000.
−Removed: of December 31, 2023, no Shares of the Trust were registered under the 1933 Act.
−Removed: Accordingly, as of December 31, 2023 there were no proceeds
−Removed: from the sale of registered securities.
−Removed: October 31, 2023 through December 31, 2023, no Shares were redeemed.
+Added: On January 10, 2024, Valkyrie Funds LLC, then an affiliate of the Initial Sponsor, purchased 40,000 Share at a per-Share price
+Added: of $13.00 (the “Seed Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act.
+Added: of the Seed Shares was made on January 11, 2024.
+Added: Total proceeds to the Trust from the sale of the Seed Share was $520,000.
+Added: In connection with redemptions of baskets held by an Authorized Participant, BRRR redeemed 465 baskets (comprising 2,325,000
+Added: Shares) during the three months ended December 31, 2024 at an average price per Share of $25.14.
+Added: The following table provides
+Added: information about BRRR’s redemptions by Authorized Participants during the three months ended December 31, 2024:
+Added: Calendar Month
+Added: November 2024
+Added: December 2024
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.