8 unchanged sentences
Cboe BZX Exchange, Inc.
−Removed: As of March 10, 2025, there were two DTC participating shareholders of record of the Trust.
+Added: As of February 20, 2026, there was one DTC participating shareholder of record of the Trust.
Because most of the Trust’s Shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
1 unchanged sentence
The Trust has no obligation to make periodic distributions to Shareholders.
−Removed: On January 9, 2024, the Trust sold 500,000 Shares to FMR Capital, Inc., an affiliate of the Sponsor, for $40 per Share in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act.
−Removed: Proceeds from such sale were used to purchase bitcoin.
−Removed: On December 6, 2024, pursuant to an Asset Purchase and Contribution Agreement, the Trust purchased all of the bitcoin assets of the Wise Origin Bitcoin Index Fund I, L.P, a Delaware limited partnership managed by the Sponsor, in exchange for 1,453,476 Shares of the Trust with a value of $129,377,662.
−Removed: The transaction was exempt from registration under Section 4(a)(2) of the 1933 Act.
b) Not applicable.
10 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.