TAGS — what changed in the latest 10-Q

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

• On September 17, 2025, BTCK was established as a new series of the Trust. The Fund commenced operations on June 3, 2026.

• More generally, a climate of uncertainty and panic, may adversely affect global, regional, and local economies and reduce the availability of potential investment opportunities, and increases the difficulty of performing due diligence and modeling market conditions, potentially reducing the accuracy…

• The investment objective of BTCK is to have the daily changes in the NAV of the Fund’s Shares reflect the daily changes of the price of bitcoin and the value of Carbon Credit Futures as represented by the 7RCC Kaiko Bitcoin Carbon Credit Index, less expenses from the Fund’s operations.

• For the Six Months Ended June 30, 2026, compared to the Six Months Ended June 30, 2025

• Annualized interest yield based on average daily total net assets

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• On September 17, 2025, BTCK, was established as a new series of the Trust. The fund has not commenced investment operations. As of December 10, 2025, the Fund issued four shares at $25.00 per share as seed capital. Other than the initial capitalization, the Fund had no operations, no investment acti…

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

• The Sponsor is leanly staffed and relies heavily on key personnel to manage trading activities.

• In managing and directing the day-to-day activities and affairs of the Fund, the Sponsor relies almost entirely on a small number of individuals, including Mr. Sal Gilbertie, Mr. Springer Harris, Ms. Cory Mullen-Rusin and Mr. Brian T. MacKenzie. If Mr. Gilbertie, Mr. Harris, Ms. Mullen-Rusin or Mr. …

• The lack of full insurance and Shareholders’ limited rights of legal recourse against the Fund, Trustee, Sponsor, Trust Administrator, and Bitcoin Custodian expose the Fund and its Shareholders to the risk of loss of the Fund’s bitcoin for which no person or entity is liable.

• The Fund is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, neither the Fund nor the Shares are insured or guaranteed by the FDIC or SIPC. Shareholders cannot be assured that …

• Under the Gemini Bitcoin Custody Agreement, the Bitcoin Custodian’s liability is limited in various ways, including that the Bitcoin Custodian cannot be held responsible for any failure or delay to act by the Bitcoin Custodian, its service providers, or its banks that is within the time limits permi…