CoinShares Bitcoin ETF

Name: BRRR
Brand: Coinshares
SKU: US91916J1007
Availability: InStock

The Trust’s purpose is to hold bitcoin, which is a digital commodity based on the cryptographic protocols used by the decentralized, peer-to-peer bitcoin computer network. The Trust is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”), and therefore is not subject to the same regulatory requirements as mutual funds or traditional ETFs registered under the 1940 Act.

Factsheet

ASSETS UNDER MANAGEMENT (US$)

642,757,123

NAV (US$)

31.07

1Day NAV Change

-1.8%

# of Holdings

ASSETS UNDER MANAGEMENT (US$)

642,757,123

NAV (US$)

31.07

1Day NAV Change

-1.8%

# of Holdings

01Product

Why invest in BRRR?

Convenient Bitcoin exposure

With CoinShares Bitcoin ETF, access bitcoin exposure via your preferred broker and keep all your investments in one place.

Read our product guide

Backed by Bitcoin holdings

The CoinShares Bitcoin ETF is designed to provide exposure to the price of bitcoin by holding bitcoin on behalf of the Trust. Each share represents a fractional beneficial interest in the Trust, which holds bitcoin custodied with regulated providers. While shares are not a direct investment in bitcoin, they offer a cost-effective and accessible way to gain exposure to bitcoin through the securities market.

Built by experts

Active since 2014 and with a hybrid expertise in traditional and digital assets, CoinShares created the first regulated bitcoin hedge fund and Europe's leading crypto ETPs in terms of assets under management.

*Coinbase Custody Trust Company, LLC and BitGo Trust Company, Inc. are custodians of the Trust’s bitcoin and each are charted as independent qualified custodians pursuant to New York State Banking Law, and chartered by the New York Department of Financial Services.

Product Identity

Product name
Ticker
ISIN
CUSIP

Key information

Data as of 09/04/2025

Inception date01/10/2024
Sponsor FeeUSD 0.25%
AuMUSD 642,757,122.96
NAVUSD 31.07
NAV changeUSD -0.57
Market PriceUSD 31.04
Premium/Discount Percentage-0.08%

Documents available

ProspectusDownload
10-K 12/31/2024Download
10-Q 6/30/2025Download
10-Q 3/31/2025Download
10-Q 6/30/2024Download
10-Q 9/30/2024Download
8-K 7/25/2025Download
SEC FilingsDownload

– 02 FUND SUMMARY

BRRR Investment Objective

The investment objective of the Trust is for the Shares to reflect the performance of the value of a bitcoin as represented by the CME CF Bitcoin Reference Rate - New York Variant (the “Index”)*, less the Trust’s liabilities and expenses. The Shares are designed to provide investors with a cost-effective and convenient way to access bitcoin. There can be no assurance that the Trust will achieve its investment objective. The Trust will invest substantially all its assets in bitcoin.

*The CME CF Bitcoin Reference Rate - New York Variant (BRRNY) is a once a day benchmark index price for Bitcoin that aggregates trade data from multiple Bitcoin-USD markets operated by major cryptocurrency exchanges that conform to the CME CF Constituent Exchange Criteria. It is the pre-eminent index price for Bitcoin risk settlement that is synchronized to the traditional US financial market close of 1600 New York Time. The index was launched on February 28th 2022. See https://www.cfbenchmarks.com/data/indices/BRRNY for more information

BRRR Holdings

Data as of: 09/05/2025

The CoinShares Bitcoin ETF holds the following assets:


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BRRR Performance

03 PERFORMANCE

Quarter End Performance (as of 06/30/2025)

BRRR NAV

77.72%

133.71%

BRRR MKT

79.34%

134.38%

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. All results are historical and assume the reinvestment of dividends and capital gains. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Trust. Any applicable brokerage fees and commissions will reduce returns. Read our full disclosure

Premium/Discount

Days Traded at NAV

Days Traded at Premium

Days Traded at Discount

04Details

Key service providers

Administrator	US Bancorp Fund Services LLC
Sponsor	CoinShares Co.
Bitcoin Index	CME CF Benchmarks Bitcoin Reference Rate-New York Variant
Marketing Agent	Paralel Distributors, LLC
Cash Custodian	U.S. Bank, N.A.
Bitcoin Custodian	Coinbase Custody Trust Company LLC, Bitgo Trust Company, Inc., Komainu (Jersey) Limited

Buy

Buy BRRR through your favourite broker

CoinShares ETFs are available through various channels. Reach out to your Financial Advisor for more information.

E Trade

Fidelity

Interactive Brokers

Robinhood

Vanguard

Charles Schwab

CoinShares, CoinShares Co. and CoinShares ETFs are not affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement. Neither ALPS Distributors Inc. or Paralel Distributors LLC are affiliated with any of the companies listed above.

What is the investment objective of CoinShares Bitcoin ETF?

The objective of the Trust is for the Shares to reflect the performance of the value of a bitcoin as represented by the CME CF Bitcoin Reference Rate - New York Variant (the "Index"), less the Trust's liabilities and expenses.

How is BRRR structured for security?

BRRR uses a multi-custodian structure, holding its Bitcoin with Coinbase and BitGo to distribute custody risks and enhance security for the investors’ assets.

Where is BRRR traded?

BRRR is traded on the Nasdaq.

How can investors purchase shares of BRRR?

Shares of BRRR can be bought through preferred brokers, integrating seamlessly into existing investment portfolios available on major trading platforms.

Disclosures & Risks

Investing Involves Significant Risk. The loss of principal is possible. The Trust may not be suitable for all investors. This investment case does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The Trust’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://coinshares.com/en/d/etf/prospectus/brrr/ . Read it carefully before investing.

Bitcoin trading prices are volatile and shareholders could lose all or substantially all of their investment in the Trust.This is a new ETF with limited operating history.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Trust. Any applicable brokerage fees and commissions apply and will reduce returns.

Bitcoin Investing Risk.
The Trust invests in bitcoin. Bitcoin is a relatively new and highly speculative investment. The risks associated with bitcoin include the following:
Bitcoin is a new technological innovation with a limited history. There is no assurance that usage of bitcoin will continue to grow. A contraction in use of bitcoin may result in increased volatility or a reduction in the price of bitcoin, which could adversely impact the value of the Trust. The Bitcoin Network was launched in January 2009, platform trading in bitcoin began in 2010, which limits a potential shareholder’s ability to evaluate an investment in the Trust.

The Trust is exposed to risks associated with the price of bitcoin, which is subject to numerous factors and risks. The price of bitcoin is impacted by numerous factors, including:

The total and available supply of bitcoin, including the possibility that a small group of early bitcoin adopters hold a significant proportion of the bitcoin that has thus far been created and that sales of bitcoin by such large holders may impact the price of bitcoin;
Global bitcoin demand, which is influenced by the growth of retail merchants’ and commercial businesses’ acceptance of bitcoin as payment for goods and services, the security of online bitcoin exchanges and public bitcoin addresses that hold bitcoin, the perception that the use and holding of bitcoin is safe and secure, the lack of regulatory restrictions on their use, and the reputation regarding the use of bitcoin for illicit purposes;
Global bitcoin supply, which is influenced by similar factors as global bitcoin demand, in addition to fiat currency (i.e., government currency not backed by an asset such as gold) needs by miners and taxpayers who may liquidate bitcoin holdings to meet tax obligations;
Investors’ expectations with respect to the rate of inflation of fiat currencies and deflation of bitcoin;
Foreign exchange rates between fiat currencies and digital assets such as bitcoin;
Interest rates;
The continued operation of bitcoin exchanges in the United States and foreign jurisdictions, including their regulatory status, trading and custody policies, and cyber security;
Investment and trading activities of large investors, including private and registered funds, that may directly or indirectly invest in bitcoin;
Regulatory measures, if any, that restrict the use of bitcoin as a form of payment or the purchase or sale of bitcoin, including measures that restrict the direct or indirect participation in the bitcoin market by financial institutions or the introduction of bitcoin instruments;
The maintenance and development of the open-source software protocol of the Bitcoin Network;
Increased competition from other cryptocurrencies and digital assets, including forks of the Bitcoin Network;
Developments in the information technology sector;
Global or regional political, economic or financial events and situations;
Investor or Bitcoin Network participant sentiments on the value or utility of bitcoin; and
The dedication of mining power to the Bitcoin Network and the willingness of bitcoin miners to clear bitcoin transactions for relatively low fees.

Negative developments in any of these factors could adversely impact an investment in the Trust.A decline in the adoption of bitcoin could negatively impact the performance of the Trust. As a new asset and technological innovation, the bitcoin industry is subject to a high degree of uncertainty. The adoption of bitcoin will require growth in its usage for various applications that include retail and commercial payments, cross-border and remittance transactions, speculative investment and technical applications.