Introducing a Cost-Effective, Convenient, and Simple Way to Invest in Bitcoin

The Trust’s investment objective is to make it easier for an investor to gain exposure to the price movement of Bitcoin through a traditional investment vehicle, without the challenges of buying, storing and safekeeping Bitcoin.

We believe that, for many investors, investing in the Trust has the potential to be a cost-effective, convenient, and professionally managed investment relative to a direct, outright investment in Bitcoin.

A substantial direct investment in Bitcoin may require expensive and sometimes complicated arrangements in connection with the acquisition, security, and safekeeping of Bitcoin and may involve the payment of substantial fees to service providers. 

By subscribing to the Trust, the following actions can be avoided:

• Scanning exchanges to find the best Bitcoin price 
• Opening accounts on exchanges 
• Creating a wallet 
• Managing the safe keeping of your Bitcoin including setting up hot and cold storage wallets, finding a custodian and/or managing private keys 
• Moving assets between wallets, custodians and exchanges 

Additionally, the Bitcoin custodian is not subject to borrowing arrangements with third parties thereby helping to minimize credit risk. 

The Trust will hold no assets other than Bitcoin, U.S. dollars and short-term treasury bonds. 

The Trust will hold U.S. dollars in connection with the purchase and sale of Bitcoin and the payment of redemptions.

All offerings of Shares are private offerings made in reliance on Rule 506 under Regulation D of the Securities Act. 

Shares are not registered under the Securities Act or the securities laws of any state. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

You will be able to find the price of the share, based on the Daily NAV, by scrolling above on this page.

The minimum initial subscription amount for shares in the Trust is $25,000. Shareholders may make additional subscriptions in a minimum amount of $10,000.

Please note, that no fractional shares will be issued and any fractional shares that an investor would be entitled to will be rounded down to the nearest whole share.

We accept initial and additional subscriptions on Trading Days, which is defined as NYSE hours. For NYSE operating hours, please click here.

Shares in the Trust are sold only to investors who, under U.S. securities laws, are “accredited investors.” 

To learn more about accredited investor status click here.

Although Bitcoin is a globally traded commodity with prices ostensibly quoted on many exchanges, there has not appeared to be a single unified reported price for Bitcoin on such exchanges, and the reported differences on such exchanges between what Bitcoin costs, and what an investor can subsequently sell their Bitcoin holdings, range from a few cents to hundreds of dollars.

The Trust has engaged Lukka, a third-party digital asset pricing and valuations data provider, not affiliated with the Trust or the Sponsor, to provide a daily Bitcoin price as of 4:00 p.m. Eastern Time on each Trading Day (the “Lukka Prime Daily Bitcoin Price”) using Lukka’s proprietary methodology.

Please refer to the PPM for further information into how the Lukka Prime Daily Bitcoin Price is calculated.

The management fee is .45% per year with 1/12 of the .45% paid per month based on the NAV Balance at the end of each month.

No, currently the Trust only accepts US Dollars.

Currently, our shares cannot be purchased “over-the-counter” or in the “OTC market”. We will notify investors should this feature become available.

Yes, through AltoIRA, investors can use their retirement accounts to purchase shares of the Trust.

Currently, investors may not make direct or indirect transfers of their shares without consent from Arca.

The minimum redemption size is $10,000 and can be redeemed on any Trading Day. 

Redemption orders must be received by the market close on the prior day. 

Currently, we have a three-month holding policy. If you would like to make an early redemption- there is a 3% fee based on the NAV on the day of redemption.

Currently, redemptions may be made for cash only. 

The Trust will use commercially reasonable efforts to distribute the redemption period within five (5) Trading Days.

Currently, the Trust will not make distributions (except for redemptions) as the Trust reinvests substantially all of its income and gains.

Investors will receive the following statements for the Trust: 

• Monthly unaudited account statements 
• Annual audited financial statements 
• US Federal income tax information 

Fidelity Digital Assets has been appointed as the Bitcoin Custodian to store and safekeep the Trust’s Bitcoin using proprietary technological and physical security methods, including “cold storage,” a safeguarding method with multiple layers of protection and protocols, by which the private keys corresponding to the Trust’s Bitcoin are generated and stored in an offline manner.

Once you have purchased shares of the Trust, please contact UMB investor services at (888) 884-2772.