Company: BTC
Filing Date: 2025-04-01
Form Type: POS AM
Source: 0001193125-25-070549
Chunk: 21

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-04-01
Form: POS AM
Chunk 21
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          |  5.44 | % |
| Bullish                                                  |     |        |   291,127 |     |          |  4.57 | % |
| LMAX Digital                                             |     |        |   270,124 |     |          |  4.24 | % |
| Total BTC-U.S. Dollar trading pair                       |     |        | 6,058,260 |     |          | 95.09 | % |

| (1) | On October 28, 2024, the Index Provider added Bullish to the Index due to the trading platform meeting the                                      
 Index Provider’s minimum liquidity requirement, and did not remove any Constituent Trading Platforms as part of its scheduled quarterly review. |

| (2) | Market share is calculated using trading volume (in Bitcoin) for certain Digital Asset Trading Platforms,              
 including Coinbase, Bitstamp, Bullish, Kraken, LMAX Digital and Crypto.com, as well as certain other large U.S.-dollar |

9

| Creation and Redemption | The Trust creates and redeems Shares from time to time, but only in one or more whole Baskets of 10,000 Shares each, but may be subject to change. At this time, a Basket is only made in exchange for delivery to the Trust or the distribution by     
 the Trust of an amount of cash, equivalent to the amount of Bitcoin represented by the Basket being created or redeemed, as the case may be, the amount of which is representative of the combined NAV of the number of Shares included in the Baskets  
 being created or redeemed determined as of 4:00 p.m., New York time, on the day the order to create or redeem Baskets is properly received. Except when aggregated in Baskets or under extraordinary circumstances permitted under the Trust Agreement, 
 the Shares are not individually redeemable securities.                                                                                                                                                                                                  |

| The Trust issues and redeems Shares on an ongoing basis, but only in one or more whole Baskets of 10,000 Shares each. The creation and redemption of Baskets requires the delivery to or acquisition by the Trust, or the                       
 distribution or disposition by the Trust, of the number of Bitcoin represented by the Baskets being created or redeemed, the number of which is equal to the “Basket Amount” as of 4:00 p.m., New York time, on the trade date of a creation or 
 redemption order multiplied by the number of Baskets being created or redeemed (the “Total Basket Amount”).