Rather than follow a «buy and hold» strategy, our Investment Committee meets weekly to
direct tactical asset allocation, based on the most current investment research.
The Sponsor believes that investors will be able to more effectively implement strategic and
tactical asset allocation strategies that use Bitcoins by using the Shares instead of directly purchasing and holding Bitcoins, and for many investors, transaction costs related to the Shares will be lower than those associated with the
direct purchase, storage and safekeeping of Bitcoins.