what's CoinShares Bitcoin ETF?

The CoinShares Bitcoin ETF (BRRR) is an exchange-traded fund designed to track the performance of bitcoin's price. It achieves this by holding bitcoin directly, custodied with regulated providers, with shares representing a fractional beneficial interest in the trust. The fund's objective is to reflect the value of bitcoin as measured by the CME CF Bitcoin Reference Rate - New York Variant, less the trust's liabilities and expenses, providing investors a simple and efficient way to gain exposure through standard stock exchanges. Originally the Valkyrie Bitcoin Fund, it transitioned under CoinShares following their 2024 acquisition of Valkyrie's U.S. ETF business. CoinShares, a prominent digital asset investment manager, oversees the ETF as part of its suite of products bridging traditional finance and cryptocurrencies.

CoinShares Bitcoin ETF recorded a $102.8M net outflow in March 2026.