About The Bitcoin Market

Developing your own strategy for a successful online currency trading is as important as your investment decisions. Additionally, due to the rapidly evolving nature of the Bitcoin market, including advancements in the underlying technology, and the potential for changes to Bitcoin, investors in the Fund may be exposed to additional risks which are impossible to predict as of the date of this prospectus. While trend reversals do happen, and the great financial crisis and near-depression of 2008-09 came perilously close to triggering such a reversal, today’s genuine bitcoin investment long-based, market-driven trends could be boding well in a setting in which it is becoming ever-better for investors to own rather than loan. Currently, there is relatively limited use of Bitcoin in the retail and commercial marketplace in comparison to relatively extensive use as a store of value, thus contributing to price volatility that could adversely affect an investment in the Shares. The Fund will seek to purchase a number of Bitcoin futures so that the total value of the Bitcoin underlying the Bitcoin futures held by the Fund is as close to 100% of the net assets of the Fund (the “Target Exposure”) as it is reasonably practicable to achieve, although as described in further detail below, there can be no assurance that the Fund will be able to achieve or maintain the Target Exposure. The goal of currency exchange investment is to convert one currency to another during a period of decreased value, and then as the value of that currency rises to convert it either back to your original currency or to another where the same process can be repeated. For example, you can formulate a set of discipline like: if the price of the currency crosses above a 12-period SMA, you will treat it as a signal to buy at the market; when the currency price crosses below the 12-period SMA, you will ‘stop and reverse’. For example, usually you can withdraw (or redeem) your capital from a crypto hedge fund monthly or quarterly, and you may have a one-year lockup for that capital, but for blockchain venture funds, you may not be able to get back your money until the investment has come to an exit, or even after that if it’s decided that the return from one exit will be reinvested in other ventures; there is typically about a 5 of 7 year horizon until your money is returned. U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services also serves as fund accountant to the Fund under a separate agreement with the Trust and is responsible for calculating the Fund’s total NAV, total net income and NAV per share of the Fund on a daily basis. In a nutshell, Bitcoin is a digital currency that was created in 2009 by an anonymous developer called ‘ Satoshi Nakamoto ‘. It is often referred to as a ‘Cryptocurrency’, not least because the underlying framework is based on a mathematical discipline called cryptography.