BATS | ETF
The index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price ("VWMP") methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments.
In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily as of 4:00 p.m.
EST using the same methodology used to calculate the index.
All of the trust"s bitcoin will be held by the custodian.