| Investment Objective: |
The Fund will invest at least 80% of its net assets in investments that provide exposure to bitcoin or income-producing investments. The Fund does not invest directly in bitcoin. Rather, the Fund will invest in a range of options contracts, including standardized listed options, FLexible EXchange options and options that trade over-the-counter (collectively,"Options") that will utilize as the reference asset instruments that provide exposure to the returns of bitcoin ("Bitcoin Exposure Instrument"). The Bitcoin Exposure Instruments that may be referenced by the Options include exchange-traded grantor trusts that hold bitcoin ("Bitcoin ETPs") or indexes seeking to track the performance of a basket of Bitcoin ETPs. In general, an option gives the purchaser of the option the right to purchase (for a call option) or sell (for a put option) the underlying asset (or deliver cash equal to the value of an underlying asset) at a specified price (the "strike price"). Additionally, as a means to generate income, the Fund will employ a "partial covered call strategy" that seeks to sell call Options having a strike price roughly equal to the value of the Bitcoin Exposure Instrument at the inception of the Fund or each subsequent roll of the Option (such Options are said to be "at-the-money"). |
