The closed-end Fund is seeking to raise up to $25 million.
According to the document, the Fund pursues its investment objective primarily by investing in Bitcoin futures contracts.
The Fund will only invest in cash-settled Bitcoin futures traded on commodity exchanges registered with the CFTC. The Fund will not invest in Bitcoin or other digital assets directly.
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.
This Fund does not expect to list on an exchange or marketplace but the manager expects to offer quarterly share repurchases.
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