Quantitative and Qualitative Disclosures About Market Risk .
−Removed: The Trust is not required to provide the information required by this item in this Quarterly Report.
−Removed: Contro ls and Procedures.
−Removed: Disclosure Controls and Procedures
−Removed: (a) Evaluation of Disclosure Controls and Procedures
−Removed: In accordance with Rules 13a-15(b) and 15d-15(b) of the Securities Exchange Act of 1934, as amended, we, under the supervision and with the participation of our President (principal executive officer) and Treasurer (principal financial officer), carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report and determined that our disclosure controls and procedures are effective as of the end of the period covered by the Quarterly Report.
−Removed: (b) Changes in Internal Controls Over Financial Reporting
−Removed: There have been no changes in our internal control over financial reporting that occurred during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
−Removed: PART II—OTHER INFORMATION
−Removed: Legal Proceedings.
−Removed: Risk Factors.
−Removed: In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in our Prospectus dated August 6, 2024 (Registration No.
+Added: The Trust is passively managed.
+Added: The Trust does not utilize leverage, long-term debt, derivatives or any similar arrangements in seeking to meet its investment objectives or pay its expenses.
+Added: The Trust does not engage in transactions in foreign currencies which could expose the Trust to foreign currency related market risk.
+Added: The NAV of the Trust will change as fluctuations occur in the market price of the Trust’s bitcoin holdings.
+Added: The price of bitcoin is volatile, and market movements of bitcoin are difficult to predict.
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.