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Invesco Galaxy Bitcoin ETF seeks to reflect the performance of the spot price of bitcoin as measured using the Lukka Prime Bitcoin Reference Rate (the "benchmark"), less the trust's expenses and other liabilities. In seeking to achieve its investment objective, the trust will hold bitcoin. The trust will value its shares each business day as of 4:00 p.m. ET. The value of bitcoin held by the trust is determined based on the estimated fair market value ("FMV") price for bitcoin, reflecting the execution price of bitcoin on its principal market as determined each day by Lukka Inc., an independent third-party digital asset data company (the "Benchmark Provider"). | ||||||
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