Grayscale Bitcoin Mini Trust ETF, known as BTC or the Fund, operates as an exchange-traded product without registration under the Investment Company Act of 1940. Grayscale posted on X that this lack of registration means the Fund is not subject to the same regulations and protections as ETFs and mutual funds registered under the 1940 Act. Consequently, the Fund carries significant risk and heightened volatility, making it unsuitable for all investors. There is a possibility that investors may lose their entire investment, as the Fund does not represent a direct investment in Bitcoin. Additionally, brokerage fees and other expenses may apply. Investors are advised to read the prospectus carefully before considering an investment in the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for the Fund.