The Bitcoin Investment Trust represents a speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment. Any offering or solicitation will be made only to qualified accredited investors pursuant to a formal offering with additional documentation, all of which should be read in their entirety. Information provided about the Bitcoin Investment Trust (the "BIT") is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in the BIT. Any offer or solicitation of an investment in the BIT may be made only by delivery of the BIT's confidential offering documents to qualified accredited investors. You should rely solely on such offering documents in making any investment decision. An investment in the BIT is not suitable for all investors. The BIT is a private, unregistered investment vehicle and is NOT subject to the same regulatory requirements as SEC-registered exchange traded funds or similar investment vehicles. The BIT is not registered with the SEC and the BIT’s shares are being offered in a private placement pursuant to Rule 506(c) under Regulation D. As a result, the BIT’s shares are restricted and subject to significant limitations on resales or transfer. Potential investors should carefully consider the long term nature of an investment in the BIT prior to making an investment decision. The BIT’s shares are publicly quoted on OTCQX® market under OTC Market’s Alternative Reporting Standards, which do not require the same level of public disclosure as the Securities Exchange Act of 1934 standards applicable to SEC-registered investment vehicles. You should note carefully the following:
- The BIT represents a speculative investment and involves a high degree of risk. An investor could lose all or a substantial portion of his/her investment. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment in the BIT.
- An investment in the BIT should be discretionary capital set aside strictly for speculative purposes.
- An investment in the BIT is not suitable or desirable for all investors. Only qualified accredited investors may invest in the BIT.
- The BIT's offering documents have not been reviewed or approved by federal or state regulators.
- An investment in the BIT will be illiquid and there may be significant restrictions on transferring interests in the BIT. The BIT’s shares are traded on an unregistered basis on the OTCQX® market, but trading may be extremely limited.
- The BIT has limited operating history or performance.
- The BIT's sponsor has total authority over the BIT and shareholders' rights are extremely limited.
- The BIT and its managers or advisors may rely on the trading expertise and experience of third-party managers or advisors, the identity of which may not be fully disclosed to investors.
- The BIT may involve a complex tax structure, which should be reviewed carefully, and may involve structures or strategies that may cause delays in important tax information being sent to investors.
- The BIT's fees and expenses-which may be substantial regardless of any positive return- will offset the BIT's trading profits.
- The BIT and its managers/advisors may be subject to various conflicts of interest.
- The above summary is not a complete list of the risks and other important disclosures involved in investing in the BIT and is subject to the more complete disclosures contained in the BIT's confidential offering documents, which must be reviewed carefully.