−Removed: Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: 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.
−Removed: Delivery of the Seed Shares was made on January 11, 2024.
−Removed: Total proceeds to the Trust from the sale of the Seed Shares was $520,000.
+Added: Unregistered Sales of Equity Securities and Use of
Not applicable.
−Removed: 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.
−Removed: The following table provides information about BRRR’s redemptions by Authorized Participants during the three months ended September 30, 2024:
+Added: Not applicable.
+Added: In connection with redemptions of baskets held by an Authorized Participant, the Trust redeemed 2,284 baskets (comprising 11,420,000 Shares) during the three months ended March 31, 2025, at an average price per Share of $25.10.
+Added: The following table provides information about the Trust’s redemptions by Authorized Participants during the three months ended March 31, 2025:
Calendar Month
−Removed: September 2024
+Added: February 2025
Defaults Upon Senior Securities.
2 unchanged sentences
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.