Company: BTC
Filing Date: 2025-04-01
Form Type: POS AM
Source: 0001193125-25-070549
Chunk: 134

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-04-01
Form: POS AM
Chunk 134
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 is non-U.S. licensed.

Coinbase: A U.S.-based trading platform registered as an MSB with FinCEN and licensed as a virtual currency business under the NYDFS
BitLicense, as well as a money transmitter in various U.S. states.

Crypto.com: A Singapore-based trading platform registered as an
MSB with FinCEN and licensed as a money transmitter in various U.S. states. Crypto.com does not hold a BitLicense.

Kraken: A
U.S.-based trading platform registered as an MSB with FinCEN and licensed as a money transmitter in various U.S. states. Kraken does not hold a BitLicense.

LMAX Digital: A U.K.-based trading platform registered as a broker with the Financial Conduct Authority (“FCA”). LMAX Digital
does not hold a BitLicense.

Currently, there are several Digital Asset Trading Platforms operating worldwide, and online Digital Asset
Trading Platforms represent a substantial percentage of Bitcoin buying and selling activity and provide the most data with respect to prevailing valuations of Bitcoin. These trading platforms include established trading platforms such as trading
platforms included in the Index which provide a number of options for buying and selling Bitcoin. The below table reflects the trading volume in Bitcoin and market share of the Bitcoin-U.S.

82

dollar trading pair of each of the Digital Asset Trading Platforms included in the Index as of December 31, 2024 (collectively, “Constituent Trading Platforms”), using data since the commencement of the Trust’s operations:

| Digital Asset Trading Platforms included in the Index as 
 of                                                       
 December 31, 2024(1)                                     |     | Volume    
 (Bitcoin) |           |     | Market   
 Share(2) |       |   |
| Crypto.com                                               |     |           | 2,911,035 |     |          | 45.69 | % |
| Coinbase                                                 |     |           | 1,883,691 |     |          | 29.57 | % |
| Bitstamp                                                 |     |           |   355,714 |     |          |  5.58 | % |
| Kraken                                                   |     |           |   346,569 |     |          |  5.44 | % |
| Bullish                                                  |     |           |   291,127 |     |          |  4.57 | % |
| LMAX Digital                                             |     |           |   270,124 |     |