0000000000-24-012272.txt : 20241218 0000000000-24-012272.hdr.sgml : 20241218 20241105093609 ACCESSION NUMBER: 0000000000-24-012272 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241105 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: CoinShares Valkyrie Bitcoin Fund CENTRAL INDEX KEY: 0001841175 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 333-252344 BUSINESS ADDRESS: STREET 1: 320 SEVEN SPRINGS WAY STREET 2: SUITE 250 CITY: BENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 800-617-0004 MAIL ADDRESS: STREET 1: 320 SEVEN SPRINGS WAY STREET 2: SUITE 250 CITY: BENTWOOD STATE: TN ZIP: 37027 FORMER COMPANY: FORMER CONFORMED NAME: Coinshares Valkyrie Bitcoin Fund DATE OF NAME CHANGE: 20240612 FORMER COMPANY: FORMER CONFORMED NAME: Valkyrie Bitcoin Fund DATE OF NAME CHANGE: 20210120 PUBLIC REFERENCE ACCESSION NUMBER: 0001999371-24-013008 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C<*)>+CS],*-2 P(&]B:@H\/"]&:6QT97(O1FQA=&5$96-O9&4O M3&5N9W1H(#$Q,S(^/G-T M/G$%Z0RB,$H^/_X3?'U\'Y@5),*XL"")B[M9,=5P#=>#:;CZ."J=1R1.7=B] M$ETI>M; 0G0,O^*W'W4MRLD<>49BCRQ%MT1T!/^+->NM$ARNA2GQ9U@,7361 M)POMATU47DHX2'8CR41HDNQ$2^(<_F"5T+*#JU?>#1S%*\P*%HV44QN)"D(] M@3N^@9]2K6=P]Q-H&$;1<6BT"Z5A[F+#O9 /_,O)Q7%(TAP74UOJ_R+94::D MR,9,]U*;BZ]US4LC7CE.IR>)XU'? 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Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Post-Effective Amendment No. 5 to Registration Statement on Form S-1 Risk Factors, page 9 1. We note the revisions you made on page 75 in response to prior comment 2. Please revise to provide risk factor disclosure related to potential conflicts of interest associated with the Prime Broker acting in the capacities of Prime Broker and a Bitcoin Trading Counterparty in connection with creations and redemptions of Baskets. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact David Gessert at 202-551-2326 or Sonia Bednarowski at 202-551-3666 November 5, 2024 Page 2 with any other questions. Sincerely, Division of Corporation Finance Office of Crypto Assets cc: Morrison C. Warren, Esq.