Investors should cautiously consider the investment objectives and risks ampere well as fees and expenses of the trusts before investing. Investors should read each trust ’ s individual placement memo carefully, including calculation methodologies, before making an investment. Investments in the trusts are bad investments that involve high degrees of risk, including a partial or sum loss of invest funds. Investments in the trusts are not desirable for any investor that can not afford loss of the integral investment. The shares of the trusts are intended to reflect the price of the cryptocurrency held by that trust, minus the trust ’ south fees and expenses. Because the trusts do not presently operate a redemption program, there can be no assurance that the value of a trust ’ s shares will reflect the value of the fundamental cryptocurrency held by that trust, minus the confidence ’ second fees and expenses, and the shares of the trust, if traded on any secondary market, may trade at a significant premium over, or a solid discount rate to, the measure of the cryptocurrency held by the trust, minus the trust ’ randomness fees and expenses. The trusts may besides be unable to meet their investment objectives. The shares of the trusts are not registered under the Securities Act of 1933 ( the “ Securities Act ” ), the Securities Exchange Act of 1934 or any state of matter or other securities laws and the trusts are not registered under the Investment Company Act of 1940. The shares of the trusts are offered in individual placements pursuant to the exemption from adjustment provided by Rule 506 ( carbon ) under Regulation D of the Securities Act and are only available to “ accredited investors, ” as such term is defined under Regulation D of the Securities Act. As a result, the shares of the trusts are restricted and subject to significant limitations on transfers and resales. There is presently no secondary market for shares of the trusts and there can be no assurances that one will develop. Investors should consider an investment in the trusts ’ shares to be an illiquid investment and should invest only if prepared to hold the shares indefinitely. This information, which should not be relied upon as inquiry, investing advice, or a recommendation regarding any products, strategies, or any security in finical, is strictly for demonstrative, educational, or informational purposes and is subject to change. nothing contained herein should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investing or to engage in any other transaction. © 2022 All Rights Reserved.