Bitcoin Fund Units Class A T.QBTC

Redemption Privileges

[Mat1791]

Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year (each, an “Annual Redemption Date”), commencing on June 16, 2021, subject to the Fund’s right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset Value per Unit on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions. Units must be surrendered for redemption on or before the last business day of the month of May preceding the applicable Annual Redemption Date. Payment of the proceeds of redemption will be made in U.S. dollars on or before the 15th business day following the Annual Redemption Date.

The Units may also be redeemed monthly at a redemption price per Unit based on a discount to the market price.

See “Redemption of Units”, “Redemption of Units – Suspension of Redemptions” and “Risk Factors – Liquidity Constraints on Bitcoin Markets may Impact the Fund’s Holdings” and “Financial Institutions may Refuse to Support Transactions Involving Bitcoins”.