Invesco Galaxy Bitcoin ETF

Index to Financial Statements

Report of Management on Internal Control Over Financial Reporting

Management of Invesco Capital Management LLC, as sponsor (the “Sponsor”) of the Invesco Galaxy Bitcoin ETF (the

“Trust”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rules

13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial

reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of

financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also,

projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of

changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

We, Brian Hartigan, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment

Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2024. In

making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission

(“COSO”) in Internal Control—Integrated Framework (2013). Based on our assessment and those criteria, we have concluded that the

Trust maintained effective internal control over financial reporting as of December 31, 2024.

February 27, 2025