Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 94 Baskets (940,000 Shares) during the three months ended June 30, 2025.
Period
Total Number of Shares of BTC Redeemed
Average Price Paid per Share of BTC (1)
April 1, 2025 - April 30, 2025
220,000
$
34.00
May 1, 2025 - May 31, 2025
-
-
June 1, 2025 - June 30, 2025
720,000
45.72
Total
940,000
$
42.98
(1) The Price Paid per Share is based on the NAV per Share, which is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms.
27
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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