COINSHARES VALKYRIE BITCOIN

Ticker: BRRR CUSIP: 91916J100 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (9)

CPR Investments Inc.
Value ($000) $2,207 (-4.4%) Shares 89,237 (+25.0%)
Farringdon Capital, Ltd.
Value ($000) $1,200 (-0.5%) Shares 48,515 (+30.0%)
MEITAV INVESTMENT HOUSE LTD
Value ($000) $2,848 (-5.3%) Shares 115,159 (+23.8%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $9,439 (+355.9%) Shares 381,692 (+496.0%)
Keebeck Wealth Management
Value ($000) $1,604 (-22.6%) Shares 64,870 (+1.1%)
KERR FINANCIAL PLANNING Corp
Value ($000) $3 (+83.4%) Shares 70 (+94.4%)
Harel Insurance Investments & Financial Services Ltd.
Value ($000) $0 (+109.3%) Shares 13,612 (+172.6%)
Migdal Insurance & Financial Holdings Ltd.
Value ($000) $1 (+7.4%) Shares 23,570 (+40.2%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $0 (-1.8%) Shares 13,591 (+28.5%)

Decreased Positions (2)

Elequin Capital, LP
Value ($000) $63 (-99.7%) Shares 2,549 (-99.5%)
CoreCap Advisors, LLC
Value ($000) $6 (-81.9%) Shares 229 (-76.3%)

Exited Positions (7)

RPO LLC
Value ($000) $1,751 Shares 54,159
Virtu Financial LLC
Value ($000) $1 Shares 30,579
IMC-Chicago, LLC
Value ($000) $1,904 Shares 58,892
JANE STREET GROUP, LLC
Value ($000) $384 Shares 11,883
TFC Financial Management, Inc.
Value ($000) $13 Shares 400
Ameritas Advisory Services, LLC
Value ($000) $4 Shares 116
Cloud Capital Management, LLC
Value ($000) $0 Shares 2