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CoinShares Bitcoin ETF

For the period ended Jun 30, 2026. Filed Aug 12, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 12, 2026

BRRR$21.34-0.4%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________________ TO ____________________

Commission File Number 001-41909

CoinShares Bitcoin ETF

(Exact name of Registrant as specified in its Charter)

Delaware86-6430837
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
437 Madison Avenue, 28th Floor New York, NY10022
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:** (615) 909-6421**

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares of Beneficial Interest of CoinShares Bitcoin ETFBRRRThe Nasdaq Stock Market, LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ NO☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ NO☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided in Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES☐ No ☒

As of July 30, 2026, the Registrant had 20,895,000 Shares outstanding.

INDEX

Page
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements (unaudited)1
Statements of Financial Condition at June 30, 2026 (unaudited) and December 31, 20251
Schedules of Investment at June 30, 2026 (unaudited) and December 31, 20252
Unaudited Statements of Operations for the three and six months ended June 30, 2026 and 20253
Unaudited Statements of Changes in Net Assets for the three and six months ended June 30, 2026 and 20254
Notes to the Financial Statements (unaudited)5
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations11
Item 3.Quantitative and Qualitative Disclosures About Market Risk15
Item 4.Controls and Procedures15
PART II. OTHER INFORMATION
Item 1.Legal Proceedings16
Item 1A.Risk Factors16
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds17
Item 3.Defaults Upon Senior Securities18
Item 4.Mine Safety Disclosures18
Item 5.Other Information18
Item 6.Exhibits18

ii

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