EZBC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• The Trust is an “emerging growth company” as that term is used in the Jumpstart Our Business Startups Act (the “JOBS Act”), subject to reduced public company reporting requirements under U.S. federal securities laws.

• For the three months ended June 30, 2026, 150,000 Shares were issued in exchange for 86.6972 bitcoins and 1,250,000 Shares were redeemed in exchange for 722.4968 bitcoins. The Fund’s NAV per Share began the quarter at $39.39 and ended the quarter at $34.15. The 13.30% decrease in the Fund’s NAV from…

• Net realized and change in unrealized loss on investment in bitcoin for the three months ended June 30, 2026, was approximately $46,386,753 which includes a realized loss of $8,622 on the sale of bitcoin to pay the Sponsor’s fee, net realized loss on investment in bitcoin sold for redemptions of $38…

• For the quarter ended June 30, 2025, 1,050,000 Shares were issued in exchange for 608.1510 of bitcoin and 700,000 Shares were redeemed in exchange for 405.4311 of bitcoin. The Fund’s NAV per Share began the period at $48.05 and ended the period at $62.86. The 30.82% increase in the Fund’s NAV from $…

• Net realized and change in unrealized gain on investment in bitcoin for the three months ended June 30, 2025 was approximately $128,538,118, which includes a realized gain of $63,640 on the sale of bitcoin to pay the Sponsor Fee, net realized gain on investment in bitcoin sold for redemptions of $8,…

Text removed vs the prior filing · source: 10-Q · 2026-02-17

• The Fund is an “emerging growth company” as that term is used in the Securities Act of 1933, as amended (the “Securities Act”), and, as such, the Fund may elect to comply with certain reduced public company reporting requirements.

• The Sponsor identifies and determines the Fund’s principal market (or in the absence of a principal market, the most advantageous market) for bitcoin consistent with the application of fair value measurement framework in FASB ASC 820-10. The principal market is the market where the reporting entity …

• Results of Operations for the quarter ended December 31, 2025

• For the three months ended December 31, 2025, 500,000 Shares were issued in exchange for 289.3033 bitcoins and 600,000 Shares were redeemed in exchange for 347.1368 bitcoins. The Fund’s NAV per Share began the quarter at $66.11 and ended the quarter at $50.59. The 23.48% decrease in the Fund’s NAV f…

• Net realized and change in unrealized loss on investment in bitcoin for the three months ended December 31, 2025, was approximately $156,834,907 which includes a realized gain of $161,331 on the sale of bitcoin to pay the Sponsor Fee, net realized gain on investment in bitcoin sold for redemptions o…

Text added vs the prior filing · source: 10-Q · 2026-08-14

• The Fund is a passive investment vehicle. The Sponsor does not actively manage the bitcoin held by the Fund. This means that the Sponsor does not sell bitcoin at times when its price is high or acquire bitcoin at low prices in the expectation of future price increases. The Fund will not utilize leve…

Text removed vs the prior filing · source: 10-Q · 2026-02-17

• The Fund is a passive investment vehicle. It is not actively managed. The investment objective of the Fund is to seek to reflect generally the performance of the price of bitcoin before payment of the Fund’s expenses and liabilities. Fluctuations in the price of bitcoin will affect the value of the …

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

• Under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of the Sponsor, the Sponsor conducted an evaluation of the Trust's disclosure controls and procedures, as defined under Exchange Act Rule 13a-15(e) as of June 30, 2026 and concluded th…

• Under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of the Sponsor, the Sponsor conducted an evaluation of the Trust's disclosure controls and procedures with respect to the Fund, as defined under Exchange Act Rule 13a-15(e) as of June …

• There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures.

• There were no changes in the Trust’s and the Fund’s internal control over financial reporting that occurred during the quarter covered by this report that have materially affected, or are reasonably likely to materially affect, the Trust’s and the Fund’s internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-02-17

• The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls and procedures, and have c…

• The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of the Fund's disclosure controls and procedures, and have co…

• There were no changes in the Trust’s and the Fund’s internal control over financial reporting that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, the Trust’s and/or the Fund’s internal control over financial rep…

• Each of the Sarbanes-Oxley certifications included as exhibits to this filing apply with respect to both the operations of both the Fund, as the sole series of the Trust, and the Trust as registrant.