<SEC-DOCUMENT>0001999371-24-003614.txt : 20240315
<SEC-HEADER>0001999371-24-003614.hdr.sgml : 20240315
<ACCEPTANCE-DATETIME>20240315172110
ACCESSION NUMBER:		0001999371-24-003614
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240315
DATE AS OF CHANGE:		20240315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			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:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-252344
		FILM NUMBER:		24756045

	BUSINESS ADDRESS:	
		STREET 1:		100 CRESCENT COURT, FLOOR 7
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		6063322201

	MAIL ADDRESS:	
		STREET 1:		100 CRESCENT COURT, FLOOR 7
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>brrr-424b3_031524.htm
<DESCRIPTION>SUPPLEMENT DATED MARCH 15, 2024
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<p style="margin: 0">&nbsp;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Filed pursuant to Rule 424(b)(3)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">File No. 333-252344</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>VALKYRIE BITCOIN FUND</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(the <i>&ldquo;Trust&rdquo;)</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-variant: small-caps">Supplement
dated March 15, 2024</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-variant: small-caps">to</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-variant: small-caps">Prospectus
dated January 10, 2024, as amended February 1, 2024</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-variant: small-caps">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This supplement updates the prospectus of the Trust
dated January 10, 2024, as amended February 1, 2024, with the following information. It should be read in its entirety and kept together
with your prospectus(es) for future reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Amendments to the First Amended and Restated Trust
Agreement of the Trust</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 15, 2024, Valkyrie Digital Assets LLC (the
&ldquo;Sponsor&rdquo;) and Delaware Trust Company (the &ldquo;Trustee&rdquo;) executed the First Amendment (the &ldquo;Amendment&rdquo;)
to the First Amended and Restated Trust Agreement (the &ldquo;Trust Agreement&rdquo;) of the Trust. The Amendment makes several modifications
to the Trust Agreement, including the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">1.</td><td style="text-align: justify">Provides
                                            the Sponsor with the power to appoint a Co-Sponsor (as defined in the Amendment) to provide
                                            advisory and consultation services to the Trust and to serve as successor Sponsor pursuant
                                            to Section 6.9 of the Trust Agreement, provided that any compensation of the Co-Sponsor shall
                                            be the responsibility of the Sponsor and not the Trust. The Co-Sponsor shall have no power
                                            or authority to act on behalf of the Trust, and the Sponsor may not delegate such authority
                                            to the Co-Sponsor, until such time as the Co-Sponsor becomes the successor Sponsor pursuant
                                            to Section 6.9 of the Trust Agreement.</td></tr><tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>

<tr style="vertical-align: top">
<td></td><td>2.</td><td style="text-align: justify">Shortens
                                            the notice period required for the Sponsor to voluntarily withdraw from one hundred twenty
                                            (120) days to sixty (60) days.</td></tr><tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>

<tr style="vertical-align: top">
<td></td><td>3.</td><td style="text-align: justify">Provides
                                            that if a Co-Sponsor Agreement (as defined in the Amendment) is effective at the effective
                                            time of the Sponsor&rsquo;s withdrawal as Sponsor to the Trust, then upon the effectiveness
                                            of such withdrawal the Co-Sponsor shall automatically and without further action by the Sponsor,
                                            Trustee or the Shareholders (as defined in the Trust Agreement) become the successor Sponsor
                                            and shall have all the powers, rights, duties and obligations of the Sponsor under the Trust
                                            Agreement.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Amendment became effective upon execution and
is filed as an exhibit to the Registration Statement of which this supplement is a part.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Appointment of CoinShares Co. as Co-Sponsor</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Immediately following the execution of the Amendment,
the Sponsor and CoinShares Co. entered into a Co-Sponsor Agreement. The Co-Sponsor Agreement appoints CoinShares Co. as the Trust&rsquo;s
Co-Sponsor pursuant to the Trust Agreement, as amended by the Amendment, and obligates CoinShares Co. to assume the role of Sponsor to
the Trust upon the effectiveness of the Sponsor&rsquo;s withdrawal as Sponsor to the Trust.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Co-Sponsor Agreement is filed as an exhibit to
the Registration Statement of which this supplement is a part.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>About CoinShares</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&nbsp;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">CoinShares Co., a Delaware corporation, is a wholly-owned
subsidiary of CoinShares International Limited (&ldquo;CoinShares&rdquo;). CoinShares is a leading European investment company specializing
in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array
of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered
in Jersey, with offices in France, Sweden, Switzerland, the U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial
Services Commission, in France by the Autorit&eacute; des march&eacute;s financiers, in the U.S. by the Financial Industry Regulatory
Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&nbsp;</b></p>



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